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Latest News Author: Vanessa Naso

Land of Confusion

This past week interest rates moved higher with the 10-year Note yield briefly touching the highest levels of the year. Let's discuss what has happened the past couple of weeks and look ahead. The Fed and Rate Cuts A little more than two weeks ago, Federal Reserve Chair Powell, led the world to believe the […]

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First Quarter of 2024 is Ending

Mortgage rates improved slightly in this holiday-shortened week. Let's discuss what happened as the first quarter of 2024 comes to an end and we brace for a surprise on Monday, April Fool's Day. Fed Members Not Aligned At the most recent Fed Meeting, Fed Chair Jerome Powell led the markets to believe there will be […]

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Fed Rate Cuts Coming…So They Say

The Federal Reserve met this week and reaffirmed rate cuts are coming but, how many and why? Let's discuss what happened and look into the week ahead. Mixed Fed Messages On Wednesday, the Federal Reserve met and decided to once again pause and not cut rates. This was widely expected, as inflation has been reported […]

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Good Week for Rates and Housing

A good week for rates as they ticked to the best levels in a month. Let's discuss where they are headed, why and what's next. Fed Says Higher for Longer – Mortgage Rates Improve There was nothing stopping rates from improving this past week, not even Fed Chair Powell on Capitol Hill reiterating they are […]

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Lessons Learned as March Begins

This past week, interest rates held steady amidst a slew of market-moving events. Let's discuss what happened and see what lies in the week ahead. Fed Has Been Right Over the past couple of months, the bond market has adjusted to the idea that the Fed will only be cutting rates three or four times […]

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Fed Minutes Released

This past week interest rates ticked up to the highest level of the year, as the Minutes from the Fed's last meeting were released. Let's discuss what happened and look at the week ahead. Fed Meeting Minutes Released Last week's main event was the release of the Minutes from the January Fed meeting. Fed Chair […]

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FEMA Disaster Declaration for California

Overview Due to a severe storm and flooding in California, FEMA has declared the following county a disaster. Incident Period: January 21, 2024 - January 23, 2024 State FEMA Disaster Declaration County California 02/19/2024 San Diego   Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … […]

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Inflation News Gives Bonds the Blues

This past week interest rates spiked to the highest levels since November. Let's review what happened and what to watch for in the week ahead. Higher inflation, Higher rates The high-impact Consumer Price Index (CPI), a closely watched gauge of consumer inflation, was reported higher than expectations. The headline reading, which includes food and energy, […]

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FEMA Disaster Declaration for Maine

Overview Due to severe storms and flooding in Maine, FEMA has declared the following counties a disaster. Incident Period: December 17, 2023 - December 21, 2023 State FEMA Disaster Declaration Counties Maine 01/30/2024 Androscoggin, Franklin, Kennebec, Oxford and Somerset Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these […]

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President’s Day Holiday – Lock Desk Hours and Key Compliance Dates

Overview The offices of Carrington Mortgage Services, LLC (CMS), including the Lock Desk, will be closed on Monday, February 19, 2024 for President’s Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, February 20, 2024. Rate Locks that expire on the holiday will automatically roll to the next business day.  In […]

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Equal Housing Opportunity An Equal Housing Opportunity Lender. Copyright 2007 - 2024 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines.  Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

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