Commercial mortgage lending to jump 29% in 2024 after slowest year in a decade, Mortgage Bankers Association says

• Commercial mortgage borrowing will rise 29% this year, the Mortgage Bankers Association estimates.
• That's still below levels since 2017, and last year looks to be the biggest slowdown in a decade.
• Fed rate cuts will determine if borrowing recovers, but higher-for-longer policy will suppress activity.

Commercial and multifamily mortgage borrowing and lending is forecast to surge 29% from last year's estimated total of $444 billion, the Mortgage Bankers Association estimates.