Technically and officially, today’s average top tier 30yr fixed mortgage rate is the highest since last Monday. The catch is that there hasn’t been much movement since then with the overall range being limited to 0.04%. Today’s jump was the largest upward movement during that time. There was some upward pressure on rates from stronger employment data in the morning, but the market was even more focused on the uncertain status of US/Iran peace talks. As the domestic business day winds down, it doesn’t look like there will be concrete news on a ceasefire extension. As such, volatility potential remains elevated heading into Wednesday.
AI Platform Spade Data Inks 7K-SF Lease at 155 West 23rd Street
Spade Data, an artificial intelligence-backed platform for the financial services industry, has signed a 6,933-square-foot lease at 155 West 23rd Street in Manhattan’s Chelsea neighborhood, representing the office building’s first new lease since space in the building went back on the market in late 2025, landlord broker Colliers announced Friday. Spade, which was founded in…
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