The 30-year FRM averaged 7.29% as of November 22, 2023, down from last week when it averaged 7.44%. A year ago at this time, the 30-year FRM averaged 6.58%.

With the acquisition of Trimco Millwork, Woodgrain will increase its distribution center network to 35 locations expanding Woodgrain’s national footprint into the Rocky Mountain West.

For the third consecutive week, mortgage rates have moved lower, supported by data suggesting a decrease in inflationary pressures.

Kodiak Building Partners announced significant leadership transitions. Willie Hertford has been promoted to the position of President of Miller Lumber Company, succeeding Charley Miller, while Scott Peacock has been elevated to the role of President of Albeni Falls Building Supply.