Did You Know?

DID YOU KNOW? Mortgage rates skidded last week to the lowest level in a year. Freddie Mac said the 30-year benchmark mortgage rate fell 10 basis points to 4.31% in the week ending March 14. The 15-year fixed rate fell to 3.76% from 3.83%, while the 5-year hybrid adjustable-rate mortgage fell to 3.84% from 3.87%. (Marketwatch)
DID YOU KNOW? Consumers aren’t just craving affordability, they’re also seeking company. More than 50% of Americans feel lonely, and the youngest cohort in their late teens and early-to-mid-20's are the loneliest (followed closely by millennials). Millennials are the first generation to enter the workforce in the era of smartphones and laptops. While 24/7 connectivity enables us to work anywhere, anytime, it also creates expectations of working anywhere, anytime — and so many people do, bleeding the lines between work life and personal life. Longer work hours make community harder to build organically, so many millennials place value on employers and landlords who facilitate it for them. (TechCrunch)
DID YOU KNOW? The $25 billion HUDSON YARDS mixed-use complex that officially opens today will feature at least 20 places to grab a cup of coffee, with many clustered in the vertical shopping center that is seen as one of Hudson Yards’ main draws. Is coffee the savior of retail? The Spanish marketplace is a highlight and potentially the EATALY of the WEST. (WSJ)

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