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Latest News Author: Jordan Reed

FEMA Disaster Declaration for Alabama

Overview Due to severe storms, straight line winds and tornadoes in Alabama, FEMA has declared the following counties a disaster. Incident Period: January 12, 2023 State FEMA Disaster Declaration Counties Alabama 1/15/23 Autauga and Dallas Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … FHA Full […]

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FEMA Disaster Declaration for Georgia

Overview Due to severe weather in Georgia, FEMA has declared the following counties a disaster. Incident Period: January 12, 2023 State FEMA Disaster Declaration Counties Georgia 1/16/23 Butts, Henry, Jasper, Meriwether, Newton, Spalding and Troup Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … FHA Full […]

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FEMA Disaster Declaration for California

Overview Due to severe winter storms, flooding, landslide and mudslides in California, FEMA has declared the following counties a disaster. Incident Period: December 27, 2022 and Continuing State FEMA Disaster Declaration Counties California 1/14/2023 Merced, Sacramento and Santa Cruz Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these […]

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Inflation Declines Again

Last Week in Review: Inflation Declines Again Home loan rates held steady near the best levels in months after another decline in inflation. Let's look at what happened this past week and brace for what is coming in the week ahead. December Consumer Price Index (CPI) The headline Consumer Price Index, which includes food and […]

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New Year, New Outlook

Last Week in Review: New Year, New Outlook The first few trading days of 2023 saw an improvement in rates. Let's look at what happened this past week and brace for what is coming in the week ahead. Lower Than Last Year Long-term interest rates started the year moving lower, with both mortgage-backed securities (where […]

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Martin Luther King Jr 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, January 16, 2023 for Martin Luther King Jr. Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, January 17, 2023. Rate Locks that expire on the holiday will automatically roll to the next […]

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Market Themes as We Enter 2023

Last Week in Review: Market Themes as We Enter 2023 Home loan rates crept higher in the final week of 2022. Let's look at some themes that should bode well for housing in 2023. Inflation Has Peaked One of the biggest economic stories in the U.S. was seeing inflation hit the highest levels in over […]

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Shrugging off BOJ Surprise

Last Week in Review: Shrugging off BOJ Surprise Home loan rates held steady near 3-month lows despite a negative surprise from the Bank of Japan. Let's discuss what happened and look into this week. BOJ Surprise Earlier this week, the Bank of Japan (BOJ) unexpectedly allowed its 10-yr government bond rates to rise. This sounds […]

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Fed Raises Rates and Home Loan Rates Improve

Last Week in Review: Fed Raises Rates and Home Loan Rates Improve This week, the Federal Reserve raised the Fed Funds Rate by .50%, the smallest hike in over 6 months, and in response, home loan rates improved. Let's discuss the seemingly odd market reaction and what to watch in the week ahead. "We've covered […]

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FEMA Disaster Declaration for Florida - Hurricane Nicole

Overview Due to Hurricane Nicole in Florida, FEMA has declared the following counties a disaster. Incident Period: November 7, 2022 – November 30, 2022 State FEMA Disaster Declaration Counties Florida December 13, 2022 Brevard, Flagler, Lake, Putnam, St. Johns and Volusia Re-Inspection by Product Type If your loan is … A re-inspection is required … […]

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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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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

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