Commercial and Multifamily Lending Surged in Q1

The volume of commercial and multifamily mortgage loan originations jumped 72 percent in the first quarter of 2022 compared to a year earlier. The Mortgage Bankers Association (MBA) said lenders reported solid increases in all categories of that lending with hotel properties leading the way at 359 percent. While multifamily lending was in fifth place, it still grew 57 percent, behind industrial properties at 145 percent, retail and health care properties (88 and 81 percent, respectively.) Office properties lending increased 30 percent. Commercial and multifamily loan volume was down by 39 percent compared to the fourth quarter of 2021, but MBA said the quarter-over-quarter change was in line with seasonal trends. “The strong momentum in commercial and multifamily borrowing and lending at the end of 2021 carried into the first quarter,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “The continued growth in lending activity is the result of the ongoing strong demand for certain property types like industrial and multifamily , as well as renewed interest in other property types that saw more dramatic declines during the early stages of the pandemic, such as hotel and retail.” “It’s likely that the rise in interest rates will take some wind out of the sails of borrowing in upcoming quarters, but strong market fundamentals, property values and investor interest should continue to support the market,” he said.

May 12, 2022 Download our Mobile App: Download our Mobile App: Housing News Commercial and Multifamily Lending Surged in Q1 The volume of commercial and multifamily mortgage loan originations jumped 72 percent in the first quarter of 2022 compared to a year earlier. The Mortgage Bankers Association (MBA) said lenders reported solid increases in all categories of that ... (read more) Mortgage Rate Watch Rates Are Actually Lower Today (And This Week) Multiple headlines are citing higher mortgage rates today. Even if you read past those headlines, you'd still be left with the impression that this week's rates are higher than last week's. Unfortunately (or perhaps, fortunately , in t... (read more) MBS Commentary MBS Live Recap: Finally Time to Start Entertaining an Actual Shift? Finally Time to Start Entertaining an Actual Shift? Bonds have made several attempts to consolidate and bounce at various times during the rapid sell-off that began in early March. Each of those attempt... (read more) Rob Chrisman Loan Sales, Fee Collection, Vendor Selection, Fix & Flip Products; Tech Survey Jobs & transitions Lender & broker software and services Tech Survey: who’s doing what Capital markets: rates drop (read more) Mortgage Rates Rates Are Actually Lower Today (And This Week) 30 Yr. Fixed Rate 5.35% -0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 5.35% -0.06 0.40 15 Yr. Fixed 4.75% -0.03 0.40 30 Yr. FHA 5.00% -0.12 0.00 30 Yr. Jumbo 4.64% +0.04 0.00 5/1 ARM 4.52% -0.05 1.00 Updates Daily - Last Update: 5/12 15 Yr. Fixed Rate 4.75% -0.03% Rate Change Points Freddie Mac 30 Yr. Fixed 5.27% +0.17 0.90 15 Yr. Fixed 4.52% +0.12 0.80 5/1 Yr. ARM 3.96% +0.18 0.20 Updates Weekly - Last Update: 5/5 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 5.53% +0.17 0.73 15 Yr. Fixed 4.79% +0.11 0.80 30 Yr. Jumbo 5.08% +0.16 0.42 Updates Weekly - Last Update: 5/11 MBS / Treasuries MBS Live Recap: Finally Time to Start Entertaining an Actual Shift? UMBS 30YR 4.0 99.42 +0.17 Price / Yield Change MBS UMBS 4.0 99.42 +0.17 UMBS 4.5 101.44 +0.30 GNMA 4.0 100.61 +0.20 GNMA 4.5 102.16 +0.16 Pricing as of: 5/12 5:21PM EST 10 Year US Treasury 2.8533 -0.0713 Price / Yield Change US Treasury 2 YR Treasury 2.576 -0.072 5 YR Treasury 2.831 -0.066 7 YR Treasury 2.882 -0.067 10 YR Treasury 2.853 -0.071 30 YR Treasury 3.021 -0.024 Pricing as of: 5/12 5:21PM EST Latest Video Rates are a headwind for the industry, but people are still buying homes, s... The 9am Bond Report - May 12, 2022 Still a very tight housing market and supply is still very much constrained... The 2pm Bond Report — May 12, 2022 Around the Web Calculated Risk Blog Realtor.com Reports Weekly Inventory Up Slightly Year-over-year; First Year-over-year Increase Since 2019 CNBC Wholesale inflation rose 11% in April as producer prices keep accelerating CNBC Inflation remained near a 40-year high in April. Here's where consumers plan to cut spending Eye on Housing Building Materials Prices Move Higher, Up 19% Year-over-Year Calculated Risk Blog 2nd Look at Local Housing Markets in April; Inventory increasing, No Surge in New Listings CNBC Adjustable-rate mortgage demand surges to 14-year high, as homebuyers try to afford this pricey spring market CNBC Treasury yields fall as investors digest hot inflation data Calculated Risk Blog Weekly Initial Unemployment Claims Increase to 203,000 CNBC Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs CNBC Federal Reserve Chairman Jerome Powell confirmed by Senate for a second term CNBC Dallas Federal Reserve names Lorrie Logan new president to succeed Robert Kaplan CNBC 10-year Treasury yield falls to 2.93% ahead of key inflation data Fannie Mae Lenders See Considerable Value in Appraisal Modernization

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