Mortgage Bankers Association
The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 300,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's website: www.mba.org.www.mba.org
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Search complete. 135 mentions across 89 episodes found for "Mortgage Bankers Association".
Sep 25, 2026
Austin HankwitzHOST
So let's talk about with this $2 trillion ticking time bomb we alluded to in the intro.
Austin HankwitzHOST
Apartment landlords owe more than $1.8 trillion in debt over the next decade, according to the Mortgage Bankers Association, the most of any commercial real estate sector.
Austin HankwitzHOST
$757 billion of that comes due between now and 2028, right? That's a two-year shot clock.
Austin HankwitzHOST
Nearly $300 billion of that matures in 2026 alone.
Austin HankwitzHOST
On top of that is a record $310 billion that were due in 2025, the highest single year total the Mortgage Bankers Association has ever tracked.
Austin HankwitzHOST
Another $223 $3 billion is due in 2027.
Austin HankwitzHOST
And the loans that these landlords took out back in 2020 and 2021, when rates were around 2%, 3%, 4%, now have to get refinanced at 6%, 7%, maybe even higher, depending on what the 10-year yield does.
Jack GambleHOST
We don't need to spend too much time on this.
Jack GambleHOST
This is Mortgage News Daily, which tends to be more real-time accurate than the Mortgage Bankers Association number that comes out once a week because that's an average of the prior week.
Jack GambleHOST
7.45%.
Jack GambleHOST
Fun fact, folks, just to do a little exercise, go to some mortgage payment calculator thing and enter what Zillow says your house is worth.
Adam DeSantisCORRESPONDENT
Hi, I'm Adam DeSantis with the Mortgage Minute, the latest news from the Mortgage Bankers Association.
Adam DeSantisCORRESPONDENT
Last week was a busy one in Washington with several developments important to our industry.
Adam DeSantisCORRESPONDENT
The Federal Reserve raised interest rates for the first time in three years.
Greg SherHOST
They were taken off, therefore opening up the doors for them to be compensated.
Greg SherHOST
And some there was some rumblings in the background that the NBA had a lot to do with getting that across the finish line.
Greg SherHOST
And one of the reasons that I heard, and this is speculative for sure, was that Rocket, who is obviously one of the bigger payees or payers.
Greg SherHOST
Yeah.
Greg SherHOST
And it's actually working in some places.
Greg SherHOST
Go ahead.
Erin DeeHOST
I do want to jump in on that NBA thing.
Erin DeeHOST
Anecdotal again, but when that happened, I actually, that year, there were conversations with just people that I knew around NBA and I'm pretty sure that NBA was like, yeah, we did not we did not push this.
Gabrielle HayenHOST
First, mortgage rates.
Gabrielle HayenHOST
The Mortgage Bankers Association says the average contract rate for a conforming 30-year fixed mortgage rose from 6.97% to 7.12% in the week ending September 18th.
Gabrielle HayenHOST
That's the highest level since May 2024.
Gabrielle HayenHOST
Applications fell 1.5% for the week.
Stephen BisahaCORRESPONDENT
The cost of a 30-year fixed rate mortgage has been rising fast as investors worry about inflation and the possibility of other interest rate hikes from the Federal Reserve.
Stephen BisahaCORRESPONDENT
Economist Joel Kan with the Mortgage Bankers Association says that really slows down the housing market.
Joel KanSOUNDBITE_SPEAKER
If they wanna buy, that adds a lot to their monthly payment.
Joel KanSOUNDBITE_SPEAKER
Also prevents some borrowers from qualifying for their mortgage because of this higher expected payment.
Stephen BisahaCORRESPONDENT
The cost of a thirty-year fixed-rate mortgage has been rising fast as investors worry about inflation and the possibility of other interest rate hikes from the Federal Reserve.
Stephen BisahaCORRESPONDENT
Economist Joel Khan with the Mortgage Bankers Association says that really slows down the housing market.
Joel KhanSOUNDBITE_SPEAKER
If they want to buy, that adds a lot to their monthly payment.
Joel KhanSOUNDBITE_SPEAKER
Also prevents some borrowers from qualifying for their mortgage because of this higher expected payment.
Stephen BisahaCORRESPONDENT
And underneath all this is still stubbornly high inflation.
Stephen BisahaCORRESPONDENT
I did speak with Joel Kan. He's an economist with the Mortgage Bankers Association, and he says all these factors contribute to higher rates and really squeeze homebuyers.
Joel KanSOUNDBITE_SPEAKER
If they wanna buy, that adds a lot to their monthly payment.
Joel KanSOUNDBITE_SPEAKER
Also prevents some borrowers from qualifying for their mortgage because of this higher expected payment.
Chua Tian TianHOST
That's after the Federal Reserve lifted short-term interest rates to combat inflation and as rising oil prices drove up Treasury yields that underpin residential borrowing costs.
Chua Tian TianHOST
The Mortgage Bankers Association said the average 30-year fixed rate mortgage jumped 15 basis points to 7.12% in the week ended the 18th of September.
Chua Tian TianHOST
It was last higher in May 2024.
Chua Tian TianHOST
The 30-year mortgage rate was last above 7% in late January 2025, days into Trump's second term.
Kimberly AdamsHOST
Marketplace's Samantha Fields has more.
Samantha FieldsCORRESPONDENT
Nearly 10% of people who applied for a mortgage last week went for an adjustable rate, according to the Mortgage Bankers Association.
Samantha FieldsCORRESPONDENT
That's up from 8% a month ago.
Samantha FieldsCORRESPONDENT
Susan Wachter at the University of Pennsylvania's Wharton School says it makes sense given how high rates are on a 30-year fixed.
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