Latest News Author: Travis Peterman

Mortgage applications increased 20.4% from one week earlier; interest rates fell to 6.63% this week, the largest weekly decline since September; construction costs could increase by 4% to 6% over […]

Overview Due to severe storms, straight-line winds, flooding, landslides, and mudslides in Kentucky, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: February […]

Overview Due to severe storms, straight-line winds, flooding, landslides, and mudslides in Kentucky, FEMA has declared the following counties a disaster. Incident Period: February 14, 2025 and continuing State FEMA […]

Overview Due to severe storms, straight-line winds, flooding, landslides, and mudslides in West Virginia, FEMA has declared the following counties a disaster. Incident Period: February 15, 2025 and continuing State […]

Pending home sales dropped 4.6% from December, the lowest level on record; mortgage rates dropped for the sixth straight week to 6.76%; mortgage application payments increased 3.7%; home prices grew […]

The average 30-year fixed mortgage rate fell for the fourth straight week to 6.87%; applications to purchase newly constructed homes rebounded 19% from December; mortgage applications decreased 6.6% from one […]

Mortgage applications increased 2.3% from one week earlier; shelter prices accelerated last month, rising 0.4% versus 0.3% in December; home prices rose in Q4 2024 as nearly 90% of metro […]

Overview Carrington Mortgage Services, LLC (CMS) is implementing the following guideline changes for third-party originated FHA loan submissions (excluding Streamline loans) when the qualifying FICO score is 640 or less. […]

Overview The offices of Carrington Mortgage Services, LLC (CMS), including the Lock Desk, will be closed on Monday, February 17, 2025 for President’s Day, which is a Federal Holiday. Normal […]

Existing home sales grew by 2.2% in December, although pending home sales dropped 5.5% that same month; mortgage applications decreased 2% from one week earlier; new single-family home sales accelerated […]