Rates Close In On Lowest Levels in Over a Year

Posted To: Mortgage Rate Watch

Mortgage rates have had a few first world problems to complain about recently. Well, there's really only been one: a relative inability to keep pace with the broader decline in rates as seen in the Treasury market. If Treasuries are the "master," mortgage rates are the proverbial dog on a leash. The dog can pull ahead, heel faithfully, or drag recalcitrantly behind. The latter has been mortgage rates' M.O. for the past few weeks owing to some abstruse loan performance data that made investors rethink the value they were placing on mortgage investments. But now, the broader rate market has done well enough over the past two weeks that even the mortgage market is forced to participate. To be clear, mortgage rates haven't dropped nearly as much as Treasuries, but at least they've dropped! The...(read more)

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Fairfield by Marriott Inn & Suites Hotel Opens in New Orleans

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Fairfield Inn & Suites New Orleans Metairie. Image courtesy of Baywood Hotels

A 124-key Fairfield by Marriott Inn & Suites has opened in Metairie, La., with the brand’s new design and décor. The Fairfield Inn & Suites New Orleans Metairie will operate under the Marriott franchise, while being owned and managed by Baywood Hotels.  

Situated at 2710 Severn Ave., the property is easily accessible from Interstate 10, is less than 8 miles from downtown New Orleans and roughly 9 miles from the Louis Armstrong New Orleans International Airport. The location is within a 9-mile radius of local landmarks such as the French Quarters, the Mercedes-Benz Superdome, Loyola University, as well as Tulane University. Within the immediate proximity, there are numerous retail and dining options.

The four-story hotel includes common-area amenities such as an outdoor pool, a fitness center, a meeting room and complimentary laundry services, along with a 24/7 Corner Market. The guestrooms are equipped with a couch, refrigerator, coffeemaker and microwave.

This month, Fairfield by Marriott was the second brand in the Marriott International portfolio to reach its 1,000 hotel mark with the opening of the 84-key Fairfield by Marriott Inn & Suites Denver Tech Center North. The property is close to the Denver Tech Center and Centennial Airport in Denver. 

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