U.S. Mortgage Rates Hit Historic 50-Year Record Low in Early March

WORLD PROPERTY JOURNAL | March 06, 2020

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage in the U.S. averaged the lowest rate in our survey's history which dates back to 1971. The average 30-year fixed-rate mortgage hit a record 3.29 percent this week, the lowest level in its nearly 50-year history. Meanwhile, mortgage applications increased 10 percent last week from one year ago and show no signs of slowing down," said Sam Khater, Freddie Mac's Chief Economist. "Given these strong indicators in rates and sales, as well as recent increases in new construction, it's clear the housing market continues to be a positive force for the broader economy.

Spotlight

Coldwell Banker Video Update recapping market activity within Woodstock, IL, during the month of July, 2016

Spotlight

Coldwell Banker Video Update recapping market activity within Woodstock, IL, during the month of July, 2016

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BGL Real Estate Advisors Completes $160 Million of Financing for the Acquisition and Development of Auburn 18 Business Park

Brown Gibbons Lang & Company | June 16, 2022

Brown Gibbons Lang & Company (BGL) is pleased to announce the financial closing of $160 million for the acquisition and development of Auburn 18 Business Park, a 129-acre industrial site in Auburn, Washington. BGL's Real Estate Advisors team served as financial advisor to Industrial Realty Group (IRG), with Oak Street, a Division of Blue Owl, as the capital partner to IRG. IRG is a nationwide real estate development and investment firm specializing in the acquisition, development, and management of commercial and industrial real estate throughout the United States. IRG, through its affiliated partnerships and limited liability companies, operates a portfolio containing more than 150 properties in 31 states with over 100 million square feet of rentable space. Oak Street is a real estate investment firm focused on investing in net-leased properties. 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REAL ESTATE TECHNOLOGY

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