Mortgage loan application volume rose 3.2% on a seasonally adjusted basis last week, as measured by the market composite index of the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Refinancings accounted for 82.3% of applications the week ending Oct. 22 — down from the previous 82.4%. Average interest on a 30-year fixed-rate mortgage fell to 4.25% from 4.34%, while 15-year fixed-rate mortgages fell to 3.67% from 3.74%.
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
The law firm revealed 2024 promotions.
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
The extension of the current solar net metering system could lower revenue for the utility.
The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.
John Fleming is pushing back against a proposal in the state Legislature to change the way the state Bond Commission oversees the issuance of debt by cities, counties and local governments and entities.
