U.S. homebuilder confidence rises to a 20-month high Low interest rates and a strong job market propelled homebuilder confidence to 71 points in October, the highest reading since February 2018, the National Association of Home Builders and Wells Fargo said in this month’s Housing Market Index. Greg Ugalde, NAHB’s chairman, said a reduction in... Read More
MBA: U.S. refinance activity triples on low rates Last week, the 30-year fixed-rate mortgage fell, spurring another uptick in refinance demand, resulting in mortgage applications rising by 0.5%, according to the Mortgage Bankers Association. The organization indicates that on an unadjusted basis, the index crawled forward 1% for the week ending on... Read More
Mortgage Contracting Services makes acquisition Over the past few years, Mortgage Contracting Services has made a series of acquisitions. That growth trend continues as the company announced Tuesday it is acquiring Miami-based M&M Mortgage Services.