8% mortgage rates are ‘not an impossibility’ as the 30-year fixed rate surges
With the 10-year Treasury up sharply and the outlook for the U.S. economy looking unclear, some say 8% mortgage rates are back on the table.
With the 10-year Treasury up sharply and the outlook for the U.S. economy looking unclear, some say 8% mortgage rates are back on the table.
The week was marked by growing scrutiny of the retail prop trading industry after a commercial dispute between a platform provider and one of its clients sparked broader debate about infrastructure dependence and operational resilience. Elsewhere, brokers continued to broaden their product offerings, financial results reflected active trading conditions during the first half of the…
Respondents estimated a wedding at roughly $19,000 on average, according to BMO, spread across food and drinks ($4,884), the venue ($4,201), attire ($2,951), travel and accommodation ($2,834), photography ($1,648), decorations ($1,713) and entertainment ($1,603). Even so, 63 percent said being married involved more financial planning than they had expected. The costs extend to the guest list. Attendees expected to spend…
L&G has launched a reduced rate for new customers of its optional payment lifetime mortgage (OPLM) product. The update means that all new OPLM customers will receive a tailored rate reduction of between 0.01% and 1.00%. Customers will retain the reduced rate for life, including future drawdowns, if payments are made for the first 15…
The Securities and Exchange Commission today censured New York-based broker dealer OTC Link LLC and ordered it to pay a $575,000 civil penalty for longstanding violations of Regulation Systems Compliance and Integrity (SCI). According to the SEC’s settled order, between August 2016 and March 2025, OTC Link LLC failed to establish, maintain, and enforce certain…
The Mamdani administration has launched public review of the redevelopment of 100 Gold St. in Lower Manhattan, a major step toward transforming a city-owned site into approximately 4,000 new homes, including around 1,000 permanently affordable, rent-stabilized homes. The updated plan adds roughly 300 additional homes to previous estimates. Following a competitive request for proposals process,…
The ownership group behind famed New York City restaurants Friedman’s Restaurant and Pastrami Queen has acquired a retail co-op on Manhattan’s Upper West Side to open a new eatery, Commercial Observer has learned. The restaurant group, using the LLC Mountain View Acquisition, bought the 5,000-square-foot retail unit at 541-555 Amsterdam Avenue for $4.1 million, according…