Commercial and multifamily mortgage debt increased by $46 billion in the fourth quarter of 2016, a 1.6% increase from the third quarter and a 5.8% increase year-over-year, according to the Mortgage Bankers Association (MBA). Commercial and multifamily debt outstanding hit a total of $2.96 trillion at the end of the fourth quarter. Multifamily mortgage debt […]
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Last week, the Federal Reserve raised its benchmark interest rate to a range between 0.75 percent and 1 percent. This marks the second rate hike in a three-month period. Despite the increase, Federal Reserve chairwoman said that the Fed did not share the optimism of stock market investors and some business executives that economic growth […]
Read More… from Fed Raises Benchmark Interest Rate at March Meeting
When Federal Reserve policymakers signal a potential rate hike, commercial mortgage brokers would do well to consider the potential effects of rising interest rates on the mortgage market and what they need to do in order to keep their business strong. One of the best ways to increase your business and maintain a steady flow of […]
Read More… from The Benefits of Fixed and Fully-Amortizing Commercial Mortgages
The commercial real estate market will likely experience steady growth in 2017, according to the National Association of Realtors (NAR). According to the data, office vacancy rates are expected to fall by 1.1% t0 12.1% nationwide because of job growth and the need for additional office space. Vacancy rates for industrial spaces are expected to […]
Read More… from Steady Growth Expected for Commercial Real Estate in 2017
The mortgage industry saw a jump of 20% in commercial and multifamily originations between the third and fourth quarters of 2016, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The survey also indicated that Q4 originations were down 7% year-over-year. However, initial estimates show that originations for the full […]
Read More… from Commercial and Multifamily Originations Lead to Strong 2016 Finish
Commercial and multifamily mortgage originations are expected to increase, according to the Mortgage Bankers Association (MBA). The MBA’s survey of top commercial and origination firms found that lenders’ appetites to place new loans and borrowers’ appetite to borrow remain strong. Roughly two-thirds of the lenders surveyed anticipate originations to increase in 2017, with about a […]
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With the Federal Reserve’s decision to raise the federal funds rate (mortgage interest rate) now is a great time for brokers to seek out portfolio mortgage lenders who offer long-term, fixed-rate solutions for commercial borrowers. Fixed and fully-amortizing terms offer a number of benefits to your borrowers, and adding a lender who offers this type of […]
Read More… from As Rates Rise, Long-term, Fixed-Rate Commercial Mortgages Make More Sense
Last week, the Federal Reserve decided to raise the funds rate. In a unanimous vote, the central bank’s Federal Open Market Committee (FOMC) chose to move forward with raising mortgage interest rates, according to National Mortgage Professional. “In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target […]
Read More… from Federal Reserve Decides to Raise Mortgage Interest Rates
As the last of the pre-recession commercial mortgage notes begin to come due in 2017, it’s important for commercial brokers to reach out to those borrowers who might struggle to find the financing to pay them off. The volume of loans that have come due in 2016 and that will come due in 2017 is […]
Read More… from How to Handle a Ballooning Commercial Mortgage
The commercial mortgage market is projected to see an increase of 4% in 2017, so now is a great time for brokers contemplating closing these types of loans to consider small-balance commercial mortgages. These deals are a great way to expand your product line and increase your income, and APEX Mortgage can help. Here’s what […]
Read More… from How Brokers Can Earn More Money with APEX Mortgage