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Latest News Author: Jordan Reed

Three Things to Follow This Summer

Last Week in Review: Three Things to Follow This Summer Home loan rates continue to hover at historic lows, presenting an incredible opportunity for existing and future homeowners. Will rates move another leg lower or is this the bottom? Stocks had a rough week. What's next for them? There are 3 things to track as […]

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Fear Versus Hope Driving the Markets Again

Last Week in Review: Fear Versus Hope Driving the Markets Again This past week, Freddie Mac reported mortgage rates hit the lowest in U.S. history -- 3.13%. The improvement in rates is a direct result of jobs returning, lowering the risk of mortgage default, coupled with increased competition forcing the industry to "sharpen" pricing. What […]

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Fed says Zero - Rates Improve

Last Week in Review: Fed says Zero - Rates Improve About every six weeks the Federal Reserve meets and decides whether to make potential changes to the Fed Funds Rate, an overnight lending rate. They also release their Monetary Policy Statement which includes the reasoning for their action or inaction. This past week, it was […]

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Four Reasons Why Rates are on the Rise This Week

Last Week in Review: Four Reasons Why Rates are on the Rise This Week This past week, home loan rates ticked a bit higher from their best levels in U.S. history. More importantly, this increase in rates may be the start of a trend in higher rates. Here's four reasons why rates rose and why […]

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All-Time Low Home Loan Rates

Last Week in Review: All-Time Low Home Loan Rates This past week, Freddie Mac reported the 30-year home loan rate hit an average all-time low of 3.15%. As the unofficial start of summer has begun and states continue to reopen, this is welcome news, but there is even more to the story. Refinance activity remains elevated […]

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Three Trends to Follow as Summer Begins

Last Week in Review: Three Trends to Follow as Summer Begins As the unofficial start of summer began with the Memorial Day holiday, there are three trends worth following which may determine how the economy moves past the coronavirus. The reopening. Most states have begun to open up in some form. A few states have been […]

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Fed Speak Shakes Markets

Last Week in Review: Fed Speak Shakes Markets Home loan rates remain near historic lows and have stabilized, thanks mainly to the Federal Reserve, as the central bank continues to purchase mortgage-backed securities on a daily basis. The Fed also helped rates this past week in another way, but it may have been unintentional. Fed […]

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Oversupply of Bonds and Unemployment

Last Week in Review: Oversupply of Bonds and Unemployment One week after home loan rates failed to improve further in the face of multiple Bond-friendly stories, such as low inflation, high unemployment claims, and the Fed's continued commitment to purchase Bonds, we watched home loan rates tick up this past week. Why? Oversupply. The U.S. […]

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Is This the Bottom?

Last Week in Review: Is This the Bottom? Home loan rates continue to hover near all-time lows, but there are three reasons why they should have improved but didn't. Let's take a look at some of the "Bond-friendly" news from this week that was unable to push mortgage-backed security (MBS) prices higher and home loan rates […]

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Stabilization in the MBS Market

Last Week in Review: Stabilization in the MBS Market One of the major effects of the coronavirus was the enormous destabilization of the mortgage-backed securities (MBS) market back in mid-March. MBS pricing and trading activity determine home loan rates, so a big and fast solution was necessary. Thankfully, the Federal Reserve quickly came to the rescue […]

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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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