Members of the Federal Reserve opted to keep rates steady at their first meeting of 2026 and for the first time in four votes. ***Pete O'Neil, national director of research at Northmarq: A short-term pause in rate cuts likely will not have much impact on the industry. ***Alissa Sieben, president of Souza Development: Holding rates steady won't cause a big swing in most CRE borrowing costs right away. Floating-rate loans, common in bridge, construction and multifamily financing, are tied to the secured overnight financing rate and would stay flat without Fed movement. ***Marion Jones, executive managing director of U.S. capital markets at Avison Young: The Fed’s decision to hold rates steady came as no surprise to real estate investors, who remain focused on market fundamentals and long‑term growth drivers as much as the interest‑rate environment.