Commercial mortgage originations increased 5% in the third quarter compared with the same period last year, driven by a huge increase in government-sponsored enterprise volume, according to the Mortgage Bankers Association.

"Rising property values, robust property fundamentals, low interest rates and a strong transaction market continue to drive potentially record-setting paces in commercial and multifamily mortgage originations. Through the first nine months of the year, borrowing and lending backed by commercial real estate is running 2% ahead of last year's pace," said Jamie Woodwell, MBA's vice president of commercial real estate research, in a press release.

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