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Latest News Author: Jordan Reed

The Unemployment Line is Growing

Last Week in Review: The Unemployment Line is Growing The leading indicator on the health of the job market is the Initial Jobless Claims report, which essentially tells us the length of the unemployment line. And that line just grew. Over the past four weeks, approximately 22 million people have filed for unemployment benefits, erasing nearly […]

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The CARES Act - Mortgage Forbearance Relief Breakdown

Last Week in Review: Coronavirus Fallout to Hit Homeowners The Coronavirus has impacted millions of Americans across the country due to job loss and furloughs making it difficult, and sometimes impossible, for homeowners to make their mortgage payments. The U.S. government has stepped in to offer homeowners financial relief during this unprecedented time with the Coronavirus […]

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The Fed to the Rescue

Last Week in Review: Liquidity Defined This past week, thanks to the Federal Reserve, home loan rates declined. The high uncertainty around the coronavirus and its impact on homeowners and mortgage payments created a dire need for liquidity in the mortgage-backed security (MBS) market. This is where the Fed came to the rescue by providing […]

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Home Loan Rates Rising

Last Week in Review: Home Loan Rates Rising This past week, home loan rates ticked up again despite the Fed recently cutting rates by a full point and the 10-year Note remaining just above 1%. Why? Mortgage backed securities (MBS) are Bonds that price home loan rates. This week, the spread or difference in yield between […]

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Home Loan Rates Ticked Up

Last Week in Review: Rate Movements Explained This past week was a head-scratcher as home loan ticked up slightly week over week despite the 10-year Note yield hitting a historic low of 0.31% and Stocks enduring heavy losses. Typically, when Stocks drop, so do rates -- especially after historic Stock losses like those this past week. […]

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Coronavirus Uncertainty Fueling Low Rates

Last Week in Review: How Low Can Rates Go? Home loan rates touched all-time lows this past week, fueling refinance activity and creating a sense of urgency for homebuyers to lock in purchase loans. The question many people are asking is, "how low can rates go?" The short answer -- no one knows. A lot […]

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The Lowest Rates EVER

Last Week in Review: The Lowest Rates EVER Bonds love bad news, uncertainty, and fear, which is causing rates to move lower. This past week, the escalation of the coronavirus fears caused enough anxiety to push rates down to the lowest levels in U.S. history. Here's what we know: Mortgage Bonds, which determine loan pricing, ticked […]

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Definition of Goldilocks

Last Week in Review: A Great 2020 Housing Story Here's some good news... the continued strength of the labor market, along with historically low mortgage rates, will keep positive housing momentum alive in 2020. The Unemployment Rate is currently at a 50-year low of 3.6% with expectations for the index to push even lower to 3.25% by […]

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Three Reasons Why Rates May Have Bottomed

Last Week in Review: What the Market Is Saying Home loan rates continue to hover right near three-year lows. There are many "smart" folks on Wall Street who say rates are going to push even lower at some point...and they may be right. But what if they're wrong? What if rates have bottomed for the foreseeable […]

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Back to the Future for the Financial Markets

Last Week in Review: Recovering From the Coronavirus This past week was a bit rough for the Bond market as home loan rates steadily ticked higher and off the best levels in three years. The coronavirus has been a tailwind to the Bond market and home loan rates for the past few weeks, but this week […]

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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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