On average, today’s top-tier 30 year fixed mortgage rates are exactly the same as yesterday’s. Rates are driven by the bond market and bonds continue waiting for bigger developments in the Iran war. At the moment, the market is in a sort of limbo as time remains on the 2-week ceasefire. In the meantime, there’s a multitude of lower consequence war-related headlines on any given day. These have caused a bit of back and forth volatility in bonds, but not enough directional movement to nudge rates very far in either direction since Tuesday.
Senior Housing Operator Omni Lifestyle Living Buys Midtown Marriott for $40M
An Ohio-based senior living provider has purchased a Marriott hotel in Midtown. An entity tied to Omni Lifestyle Living acquired 21 West 37th Street — home to the Fairfield by Marriott Inn & Suites New York Manhattan hotel — for $39.9 million from Jeffrey Lam’s Lam Generation, which originally bought the property in 2007 for…
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