Tag: China property bottoming

U.S. mortgage rates hit 6.23%—lowest in three spring seasons—driving purchase applications up 10% and new listings up 3%. But Brent crude surges above $103 as Iran ceasefire remains fragile. CMBS delinquency climbs to 7.55%, multifamily hits record 7.15%, and $76.6 billion in hard maturities looms. Data center REITs surge 30%+ YTD on AI demand. JPMorgan,…