Rates remain focused on oil prices and war-related developments. With yesterday’s ceasefire extension and today’s ambiguity over the time frame of that extension, rates are in a distinct holding pattern until the next phase of escalation/de-escalation comes into better focus. For now, the market is generally betting on de-escalation as seen in stocks being near all-time highs and bond yields (aka “rates”) being well off the highs seen in late March. In this environment, day to day rate movement is fairly incidental. Today’s installment brought modest improvement versus yesterday’s latest levels, but the average lender remains in the same tight range (6.29-6.33 for a best-case scenario 30yr fixed) that’s been intact for over a week now.
CBRE Hires Cannon Hill’s Chris Masotto to Lead NYC Property Management
CBRE has hired Chris Masotto to lead its property management market operations for New York, Long Island and Southern Connecticut, Commercial Observer has learned. Masotto, who previously served as a principal and head of property management at Cannon Hill Capital Partners, joined the brokerage in early April to manage CBRE’s office, retail, industrial and life…
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