The bad news: mortgage rates didn’t fall quite as much as one might have expected following the confirmation of the Iran peace deal. The good news: rates had already begun pricing in the peace deal last Thursday and it only took a modest improvement for the average lender to match the lowest level in exactly one month. For context, today’s MND rate index of 6.56% is the same as the most recent low seen on May 29th. Before that, you’d have to go back to 5/15 to see anything lower. For even more context, prior to 5/15, today’s rates would have been the 3rd highest since August 1st, 2025. In other words, we are in solid shape in the context of the last month, but still in an elevated range. [thirtyyearmortgagerates]
Greek Real Estate Partners JV Seals $79M Financing Package for N.J. Industrial Dev
A joint venture led by Greek Real Estate Partners (GREP) has secured a $79 million financing package for an industrial development in Parsippany, N.J., Commercial Observer has learned. The deal clears the way for the vertical construction of a 281,215-square-foot, Class A industrial facility at 169 Lackawanna Avenue. The joint venture consisted of GREP, real…
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