Volatility is always a risk surrounding 3 day holiday weekends when it comes to markets and mortgage rates, but this time around, things have been very calm. The average top-tier 30yr fixed rate remained almost perfectly flat versus last Thursday with the MND index technically falling by 0.01%. This week’s calendar of scheduled events is […]
High Street Logistics Properties acquired a 1-million-square-foot industrial asset. Dubbed Northwest Spur Industrial Park, the portfolio consists of six buildings at 9300 Baythorne Drive and 4820 Blalock Road (shown) in Houston. The Houston Business Journal reports that the fully occupied industrial park encompasses 43.52 acres. featuring shallow-bay buildings constructed in 1980. The park accommodates 14 diverse […]
National Friendly has expanded its adviser reach with its suite of protection products now available on across the Primis Mortgage Network. Advisers within the Primis network will now have access to National Friendly’s protection products, accident only income protection, income protection and friendly shield. National Friendly chief executive Graham Singleton says: “We’re delighted to be […]
Chip stocks led a Monday rally that lifted two of the three major indexes while leaving the third stuck near the flatline. The Nasdaq Composite (^IXIC +1.20%) gained 1.3% by 12:48 p.m. ET. The S&P 500 (^GSPC +0.79%) rose 0.7% at the same time. The Dow Jones Industrial Average (^DJI +0.12%) slipped 0.1% after briefly […]
“Gen Z’s rise to nearly 20% of rate locks is one of the clearest signs yet of a generational handoff in the homebuying market,” said Andy Walden, head of mortgage and housing market research at Intercontinental Exchange (ICE) in Atlanta. “Despite facing one of the tougher affordability environments in decades, younger buyers are finding ways […]
The ALPS Equal Sector Weight ETF (EQL), finished June down just 0.10%, easily outpacing the S&P 500’s 1.0% drop for the month. Key Takeaways: EQL’s underlying index fell just 0.10% in June, versus the S&P 500’s 1.0% drop. Healthcare, industrials and financials rallied inside EQL’s equal-weighted sector index. Amazon’s 11.9% decline erased most of consumer […]
The Swiss bank could start opening accounts for US staff as early as December. Credit: DerekTeo/ Shutterstock.com. UBS is reportedly preparing to pilot day-to-day banking services for employees in the US within the coming months with an aim to build a full-service bank for affluent American clients by the middle of next year. According to sources cited by the Financial Times, the Swiss bank […]
It’s always interesting to watch Empower’s acquisitions and strategies that do not follow the norm. Contrary to CEO Ed Murphy’s pronouncement last year that they were on the hunt for a national RIA firm, their latest move to acquire Milliman’s defined contribution, defined benefit, and health and welfare administration signals an interest in benefits, which, […]
Billionaires’ Row continues to grow as a premier office destination as a new tenant seeks to move up from Lower Manhattan. Anchorage Capital Advisors, an investment firm with more than $27.8 billion in assets under management, has signed a 10-year, 20,560-square-foot lease at Alchemy-ABR Investment Partners and Cain International’s 125 West 57th Street, the landlords […]
Northmarq’s San Diego Debt + Equity team, led by Aaron Beck and Bryce Quezada, arranged $13.275 million in financing for Talas Apartments, a newly constructed 48-unit multifamily garden community located at 2114 E. 7th St. in National City. Northmarq arranged the refinance on behalf of KIRE Group through the firm’s in-house Fannie Mae DUS platform. The permanent fixed-rate loan is structured […]