Fannie Mae’s and Freddie Mac’s combined multifamily mortgage business reached $45 billion for the first five months of 2017, which comes in 14 percent ahead of 2016, according to CBRE Research. May production was almost identical to May 2016. Both agencies anticipate 2017 volume to reach or exceed 2016 numbers, which were $55 to $60 billion each.
CBRE’s update on the agency production numbers includes a look at how the mortgage totals break out by fixed rate vs. floating rate and acquisitions vs. refinancings based on CBRE agency business.
