It’s not a dramatic climb, but mortgage rates are creeping higher as the Iran ceasefire continues to deteriorate. The renewed fighting quickly drove up oil prices and bond yields, and we’ve seen mortgage rates head upward, too. The average interest rate on a 30-year, fixed-rate mortgage rose to 6.42% APR, according to rates provided to […]
(RTTNews) – International Paper Co. (IP) announced that it has decided to temporarily suspend operations at its Pine Hill mill in Alabama, after the roof of the facility was damaged due to rough weather. The pulp and paper company is currently assessing required repairs, and expects to resume operations in August. The company is working […]
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There’s a changing of the guard in Greenwich Village. Bobby Zar’s ZG Capital Partners has snapped up the interconnected buildings at 827-831 Broadway, plus 47 East 12th Street, for $18.5 million via a short sale, sources told Commercial Observer. SEE ALSO: Orange County Apartment Complex Sells for $133M Newmark’s Brett Siegel, Maurice Suede and Adam […]
The most valuable company in the country is expanding its presence in the nation’s capital. NVIDIA signed an office lease in Washington, D.C., to become the latest technology company to take space in the District while demand concentrates in the market’s premier buildings. The artificial intelligence chipmaker signed a 27,600-square-foot sublease at Douglas Development’s Woodies […]
Stocks Published: Friday, July 10, 2026, 10:43 [IST] HDFC Bank Q1 Result Date: HDFC Bank share price on Friday remained in the green. The surge came a day after the private lender announced its board of directors meeting date to consider and announce its first-quarter results for the financial year 2026-27. HDFC Bank share price […]
OpenAI CEO Sam Altman said one topic was front and center at the billionaires’ summer camp in Sun Valley: AI spend. Speaking with CNBC at the annual Allen & Co. Sun Valley Conference, Altman said this was the first year AI spend has been a “very big topic” at the conference. “Everyone’s asking what we […]
Finding an affordable home can feel increasingly out of reach for many prospective buyers, especially those in the middle-income bracket. While the housing market is showing signs of improvement, the reality for many is a persistent struggle to find properties that align with their budgets. A recent collaborative report from Realtor.com® and the National Association […]
GB Bank has appointed Asim Shirwani as head of bridging to lead a new bridging team. Shirwani brings nearly 20 years of experience across both bank and non-bank lending, covering short-term bridging finance and longer-term property finance structures. Previously he has held senior positions at Hilco Real Estate Finance, Cynergy Bank, Lendhub and Metro Bank. […]
“Without consistent gains in inventory, home prices can accelerate. It is critical to introduce more supply to the market to widen the opportunity for homeownership.” The picture is not uniform across price tiers. Sales of homes priced below $100,000 fell 1.7% from a year ago, while transactions in the $100,000–$250,000 range were barely changed. At […]