Latest News Author: Jordan Reed

Overview During the 2022 holiday season Carrington Mortgage Services, LLC (CMS) offices, including the Lock Desk, will observe the following schedule: Monday, December 26, 2022 – closed for the Christmas holiday Monday, January 2, 2023 – closed for New Year’s Day holiday Normal Lock Desk hours will resume December 27, 2022 and January 3, 2023. […]

Last Week in Review: Waiting on the Fed This past week home loan rates improved modestly as we approach an important Fed Meeting and inflation reading this week. Let's discuss what happened and talk about the headline risk on the horizon. More Signs Of Inflation Falling On Tuesday, 3rd Quarter Productivity showed that Unit Labor […]

"I think we can slow down from the .75% at the next meeting. I don't have a problem with that, I do think that's very appropriate," Cleveland Fed President Loretta Mester Last week was a shortened trading week due to the holiday, we are seeing interest rates continue to hover near the lowest levels in […]

This week, interest rates touched the lowest levels in two months on the idea that inflation may have peaked. Let's break down what happened. 10-yr Note Touches 3.67% The 10-yr Note yield touched 3.67% this week, a large rate improvement from 4.23% seen the previous week. The downtick in long-term rates also fed into home […]

Last week, interest rates moved a bit sideways after Election Day and only added to the uncertainty as ballots continue to be counted. Let's discuss what happened and look into the week ahead. Consumed By Uncertainty It has been nearly a year since the Federal Reserve flip-flopped on the idea that high inflation was "transitory" […]

Last Week in Review: Higher Prices and Higher Rates in a Global Issue This past week we watched the 10-year yield hit a fresh 14-year high, closing above 4.00%. As a result, home loan rates also ticked higher. Let's discuss what happened and investigate the week ahead. Inflation Is High Everywhere Global yields continue to […]

Last Week in Review: Bank of England Blinks, Interest Rates Sink This past week, we watched the sharpest one-day decline in Treasury rates since 2008. The rate relief was relatively short-lived as uncertainty and volatility reign supreme in the financial markets. Let's recap what happened and investigate the big news in the week ahead. Last […]

Last Week in Review: Three Things We Learned From Federal Reserve This past week, the Federal Reserve raised the Fed Funds Rate by .75% and issued its quarterly economic projections. In response, home loan rates ticked up to a new 2022 high. Let's discuss three things we learned from the Fed Meeting and what to […]

Last Week in Review: Financial Markets Attempt to Stabilize After several weeks of higher rates and lower stocks, the financial markets stabilized a bit. Let's walk through what happened and look into the week ahead. When Words Don't Matter "I am more focused on if balance sheet reduction will affect liquidity in markets than impact […]

Last Week in Review: What's Happening in The Markets? The financial markets had a rough week, with stocks falling and rates spiking since Fed Chair Powell spoke in Jackson Hole. Let's walk through what happened and look into the week ahead. "While higher interest rates, slower growth, and softer labor market conditions will bring down […]