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Last Week in Review: The Tug a War at Play What a week!!! The elephant in the room is the uncertainty and chaos within Afghanistan. Bonds and rates embrace such chaos but that wasn't the case this week as the threats of Fed tapering limited any rate improvement. Let's break it all down and discuss […]

Last Week in Review: Taste of Taper Tantrum Home loan rates have crept higher over the last couple of weeks on fears the Fed may taper their bond purchasing program sooner, rather than later. Until now, housing, interest rates, and the financial markets have enjoyed the benefits of the Fed monetary policy and the bond-buying […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following Carrington Advantage product underwriting updates (highlighted in red). Key updates include: Updated the Desk Review requirement for all Investment Properties to follow same requirements as Primary/Secondary residences For all programs, increased the Loan Amount for 2nd Appraisals from $1.0 MM to $1.5 MM […]

Last Week in Review: Three Things Moving the Markets This past week long-term interest rates dropped to the lowest levels in six months but things changed in a "New York Minute". Let's break down three things that moved the markets and what to look for in the week ahead. 1: "The path of the economy […]

Last Week in Review: The Fed is All Talk and No Action This past week long-term interest rates still continue to hover at multi-month lows after the Federal Reserve maintained their position with interest rates and their bond-buying program. Let's break down what the Fed said and what to look for in the weeks ahead. […]

Last Week in Review: Markets do the Safety Dance Last week's long-term rates and home loans rates touched the lowest levels since early February mainly due to rising concerns over the Delta variant of COVID causing more restrictions, shutdowns, and a slowing economy in the future. Let's talk about what this "safe-haven" trade into the […]

Last Week in Review: Powell Showers the Bond Market with Love This past week long-term interest rates spiked higher in response to a hotter-than-expected consumer inflation print only to come back down in response to soothing words from Federal Reserve Chairman Jerome Powell. Let us break down what happened and what to look for in […]

Last Week in Review: Less Equals More for Rates This past week long-term interest rates fell to their lowest levels since mid-February. Let us go through some reasons why rates declined and what it means for the second half of 2021. From More to Less The great reopening of the U.S. economy appears to be […]

Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed Friday, July 2, 2021 for a Company Holiday and also Monday, July 5, 2021 for Independence Day, which is the observed Federal Holiday. Normal lock hours will resume on Tuesday, July 6, 2021. Locks that expire on the holiday will automatically roll to […]

Last Week in Review: Powell Soothes the Markets This past week home loan rates improved slightly as Fed Chair Jerome Powell was on Capitol Hill sharing the Fed's midyear economic outlook. Let us break down what the Fed Chair said, since his words also pushed stocks higher with the NASDAQ reaching all-time highs. "Long Way […]