Demand for mortgages is on the rise as rates fall

With mortgage rates down nearly 50 basis points from the recent peak about a month ago, borrower demand picked up again this week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, rose 2.2% for the week ending … Continue readingDemand for mortgages is on the rise as rates fall

Demand for mortgages is on the rise as rates fall

With mortgage rates down nearly 50 basis points from the recent peak about a month ago, borrower demand picked up again this week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, rose 2.2% for the week ending … Continue readingDemand for mortgages is on the rise as rates fall

Sterling Announces Transportation Solutions $45 Million Aviation Award

THE WOODLANDS, Texas–(BUSINESS WIRE)–Sterling Infrastructure, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that Ralph L. Wadsworth Construction Company, LLC (RLW) was awarded the Phase 4 Terminal Redevelopment Program at the Salt Lake City International Airport. The design package consists of the gate expansion … Continue readingSterling Announces Transportation Solutions $45 Million Aviation Award

Prepayment activity drops to another record low as mortgage rates top 7%

Prepayment activity fell to another record low in October amid mortgage rates topping 7% and refis drying up. Black Knight expects that the steep declines in rate lock volume and seasonality factors point to further declines in prepayment activity. Prepayment dropped 16.5% to a single-month … Continue readingPrepayment activity drops to another record low as mortgage rates top 7%

Prepayment activity drops to another record low as mortgage rates top 7%

Prepayment activity fell to another record low in October amid mortgage rates topping 7% and refis drying up. Black Knight expects that the steep declines in rate lock volume and seasonality factors point to further declines in prepayment activity. Prepayment dropped 16.5% to a single-month … Continue readingPrepayment activity drops to another record low as mortgage rates top 7%

Marcia Fudge will be the first sitting HUD secretary to visit Japan

U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge will be the first sitting HUD secretary to visit Japan when she arrives in Tokyo next week. According to an announcement, Tokyo’s Governor Yuriko Koike will hold a joint news conference with Fudge on … Continue readingMarcia Fudge will be the first sitting HUD secretary to visit Japan

Marcia Fudge will be the first sitting HUD secretary to visit Japan

U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge will be the first sitting HUD secretary to visit Japan when she arrives in Tokyo next week. According to an announcement, Tokyo’s Governor Yuriko Koike will hold a joint news conference with Fudge on … Continue readingMarcia Fudge will be the first sitting HUD secretary to visit Japan

Inside Movement Mortgage’s acquisition plans

Movement Mortgage CEO Casey Crawford and President Mike Brennan. Movement Mortgage’s deal to acquire top indie retail lender Mortgage Network marks a shift in the South Carolina-based company’s strategy. “Over the years, we’ve been more focused on organic growth, one loan officer at a time,” … Continue readingInside Movement Mortgage’s acquisition plans