Mortgage firm ditches Cary jobs plan, blames interest rates
The corner of Chatham and Academy in Cary, North Carolina. Courtesy of Town of Cary North Carolina terminated four economic incentive agreements Tuesday, including a 2021 grant for the national mortgage lender PennyMac Financial Services to create 322 jobs in Cary. In a Dec. 19 letter to the North Carolina Department of Commerce, PennyMac executive