{"id":1004679749,"date":"2023-08-31T03:08:22","date_gmt":"2023-08-31T11:08:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004679749"},"modified":"2023-09-12T03:12:41","modified_gmt":"2023-09-12T11:12:41","slug":"mba-forecast-higher-rates-uncertainty-to-slow-commercial-multifamily-lending-in-2023","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mba-forecast-higher-rates-uncertainty-to-slow-commercial-multifamily-lending-in-2023\/","title":{"rendered":"MBA Forecast: Higher Rates, Uncertainty to Slow Commercial\/Multifamily Lending in 2023"},"content":{"rendered":"
\"Source:<\/a>

Source: Mortgage Bankers Association<\/p><\/div>\n

Total commercial and multifamily mortgage borrowing and lending is expected to fall to $504 billion this year, which is a 38 percent decline from 2022\u2019s total of $816 billion. This is according to an updated baseline forecast released this month<\/a> by MBA.<\/p>\n

Multifamily lending alone (which is included in the total figures) is expected to drop to $299 billion in 2023 \u2013 a 38 percent decline from last year\u2019s total of $480 billion. MBA anticipates borrowing and lending will rebound in 2024 to $856 billion in total commercial real estate lending, with $452 billion of that total in multifamily lending.<\/p>\n

Higher and volatile interest rates, uncertainty about property values, and questions about some property fundamentals have led to an impasse in property sales and mortgage originations activity this year. MBA\u2019s baseline economic forecast anticipates that interest rates will moderate over the next year and half, helping to break the current logjam in transaction activity and bringing relief to financing costs and property valuations.<\/p>\n

One caveat is that different interest rate paths would lead to different forecast outcomes. Commercial mortgage originations have historically followed property prices \u2013 with increases in values pushing mortgage borrowing and lending volumes higher and declines pulling them lower. If interest rates and cap rates fall, as we anticipate, that should help boost values and promote borrowing. If they remain higher for longer, that will suppress activity. The uncertainty about future interest rate paths is a contributing factor to today\u2019s slowdown.<\/p>\n

MBA’s commercial\/multifamily members can download a copy of MBA’s latest Commercial\/Multifamily Real Estate Finance Forecast at www.mba.org\/crefresearch<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Total commercial and multifamily mortgage borrowing and lending is expected to fall to $504 billion this year.<\/p>\n","protected":false},"author":1097,"featured_media":1004679751,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37753],"tags":[34040],"class_list":["post-1004679749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-finance","tag-mortgage-bankers-association"],"acf":[],"yoast_head":"\nMBA Forecast: Higher Rates, Uncertainty to Slow Commercial\/Multifamily Lending in 2023 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mba-forecast-higher-rates-uncertainty-to-slow-commercial-multifamily-lending-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MBA Forecast: Higher Rates, Uncertainty to Slow Commercial\/Multifamily Lending in 2023\" \/>\n<meta property=\"og:description\" content=\"Total commercial and multifamily mortgage borrowing and lending is expected to fall to $504 billion this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mba-forecast-higher-rates-uncertainty-to-slow-commercial-multifamily-lending-in-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-31T11:08:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-12T11:12:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/0923_CPE_MBA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"588\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jamie Woodwell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mba-forecast-higher-rates-uncertainty-to-slow-commercial-multifamily-lending-in-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mba-forecast-higher-rates-uncertainty-to-slow-commercial-multifamily-lending-in-2023\\\/\"},\"author\":{\"name\":\"Jamie Woodwell\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/795abf0e25b0d2c173dd424630d1836f\"},\"headline\":\"MBA Forecast: Higher Rates, Uncertainty to Slow Commercial\\\/Multifamily Lending in 2023\",\"datePublished\":\"2023-08-31T11:08:22+00:00\",\"dateModified\":\"2023-09-12T11:12:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mba-forecast-higher-rates-uncertainty-to-slow-commercial-multifamily-lending-in-2023\\\/\"},\"wordCount\":281,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mba-forecast-higher-rates-uncertainty-to-slow-commercial-multifamily-lending-in-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/09\\\/0923_CPE_MBA.jpg\",\"keywords\":[\"Mortgage Bankers Association\"],\"articleSection\":[\"Finance (Research Center)\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mba-forecast-higher-rates-uncertainty-to-slow-commercial-multifamily-lending-in-2023\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mba-forecast-higher-rates-uncertainty-to-slow-commercial-multifamily-lending-in-2023\\\/\",\"name\":\"MBA Forecast: Higher Rates, Uncertainty to Slow Commercial\\\/Multifamily Lending in 2023 - 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