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Latest News Tag: Work Trends

Oil Spikes Bring Fear of Rate Hikes

September has been a rough month so far for bonds and rates. Let's discuss the big headlines last week in the financial markets. Oil Gushing Higher The price of oil has been on the rise, hitting 10-month highs, due to lower supply levels and production cuts from Saudi Arabia and Russia. This rise has also […]

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Labor Day and Labor Markets

Interest rates improved amidst a huge week of economic news last week. Let's look at what happened and take a peek into the week ahead. Bad News Is Good News Bonds and interest rates like bad economic news as it lowers the threat of more Federal Reserve rate hikes. Last week, we did see some […]

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A Pause In The Action

As summer nears the end, home loan rates took a pause on their recent uptick. Let's discuss what happened and look at the important week ahead. Mortgage Rates At 21 Year Highs The big news in mortgage and housing has been the recent and rapid rise in home loan rates. Early in the week, they […]

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Significant Upside Inflation Risks Continue

This past week, the minutes from the July Fed Meeting were released. The news didn't help home loan rates, which ticked up to the peaks of last year. Let's look at what happened and talk about the headline risk in the week ahead. "Uncertainty of the U.S. economic outlook remains elevated"... FOMC minutes from the […]

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Inflation Rises Lower than Expected in July

This past week home loan rates remain elevated despite consumer inflation being reported slightly lower than expected. Let's discuss what happened and look at the week ahead. Inflation Hits 3.2% Last Thursday, the Bureau of Labor Statistics reported the Consumer Price Index (CPI) for July at 3.2% year-over-year which was slightly lower than the 3.3% […]

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Fed Hikes Rates, Home Loan Rates Remain Steady

Last week in Review: Fed Hikes Rates, Home Loan Rates Remain Steady This past week home loan rates were unchanged, despite the Fed raising rates to the highest levels in 22 years. Let's discuss what happened and look at the week ahead. Another Rate Hike On Wednesday, the Federal Reserve raised the Fed Funds Rate […]

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The Calm Before Storm?

Last week in Review:  The Calm Before Storm? This past week interest rates were essentially unchanged from the previous week, and it was a relatively "quiet" week. Let's discuss what happened and look at the week ahead. The Blackout Period As we approach the next Federal Reserve meeting, there is a blackout period, where no […]

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Markets Pleased As Inflation Eased

Last week in Review: Markets Pleased As Inflation Eased Last week interest rates improved significantly as the markets responded to the softest inflation reading in over two years. Let's discuss what happened and look at the week ahead. Consumer Prices Are Falling The Consumer Price Index (CPI) for June was reported on Wednesday and showed […]

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Good Economic News is Bad News for Rates

Last week in Review: Good Economic News is Bad News for Rates Last week, interest rates spiked on good economic news as fears of a recession fade. Let's discuss the big news of the week and gear up for important events in the week ahead. The June Fed Meeting Minutes Out "Some participants indicated they […]

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Inflation Fight Continues

Interest rates continued their sideways trend as we close the first half of 2023. Let's discuss what happened last week and look into the future. The European Central Bank forum was the main event this week. Central bankers from across the globe, including our Fed Chair, Jerome Powell spoke about the state of their countries […]

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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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