Rent or Buy? Gasp! Mortgage Rates Fall to 5.91%

Image Credit: Apartment Therapy | Apartment Therapy

Buy, buy, buy. Despite higher interest rates, prospective homeowners who don't want to shoulder expensive mortgages got welcome news as rates dropped below 6%. One year ago, the 30 year fixed rate stood almost a whole 1/2 % higher at 6.37%. This also goes to show you that predicting what will happen in this arena is for chickens. (via Bankrate) MGR

- Paris Commune forced to move around the block (Curbed)
- Young New Yorkers moving to suburbs (NYPost)
- Tommy Hilfiger is moving in with Martha on West Side (NYPost)
- Howard Stern locked out the the Hamptons (NYPost)
- Hampton's life: David Walentas, Duke of Dumbo, in Bridgehampton (NYTimes)
- A weekend retreat without too much driving (NYTimes)
- The Plaza Hotel is sold and some rooms will go condo (DailyNews via RealDeal)
- Diller & Scofidio selected for Highline (NYTimes via Real Deal)