Latest News Category: Bulletin

Last Week in Review: Global Improvement 2019 was an incredible year for Stocks, which finished the final trading week of the year at all-time highs. Generally speaking, when Stocks go higher, so do rates. And that was the case this past week as home loan rates ticked up to the highest levels in months. So, what […]

Overview During the holiday season the Carrington Mortgage Services, LLC (CMS) Lock Desk, will observe the following schedule: Tuesday, December 24, 2019 – Close early for Christmas Eve at 11:00 AM PST (early market closure of 2:00 PM EST) Wednesday, December 25, 2019 – Closed for the Christmas holiday Tuesday, December 31, 2019 – Close […]

Last Week in Review: Goldilocks 2.0 As we enter the final weeks of 2019, the housing and home lending sectors have enjoyed a good year thanks to a "Goldilocks" scenario of a tight labor market, rising wages, consumer confidence, and three-year low interest rates. Many are asking "What should we expect for housing, and thus lending, […]

Last Week in Review: Changes That Could Affect Rates There are rumors that our Fed is considering an idea to abandon its present 2% target rate for inflation in favor of a floating target where inflation would be allowed to rise above 2% for some time before considering hiking rates. This comes with two consequences that mortgage lenders, […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce effective Thursday, December 5, 2019, CMS will introduce the new Carrington Prime Advantage program with Fixed, ARM and Interest-only ARM options. Carrington Prime Advantage allows alternative income documentation along with competitive pricing and loan amounts up to $2,500,000 and is designed for higher-credit-quality, non-agency borrowers […]

Last Week in Review: A Great Housing Backdrop Many are wondering what lies ahead for housing as we enter 2020. There are many reasons why the U.S. housing sector should do well for the foreseeable future, but here's three main reasons for the bright outlook: Housing Starts are improving. This is especially true for single-family homes, which […]

Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk, will be closed Thursday, November 28, 2019 in observance of Thanksgiving, which is a federal holiday.  Due to the holiday, the Lock Desk will be closing early on Friday, November 29, 2019 at 11:00 AM PST (early market closure of 2:00 PM EST).  Normal Lock Desk […]

Last Week in Review: The Definition of Goldilocks "Looking ahead, my colleagues and I see a sustained expansion of economic activity, a strong labor market, and inflation near our symmetric 2% objective as most likely." -- Fed Chairman Jerome Powell, 11/13/2019 This quote from our Fed Chair on Capitol Hill this past week was the definition […]

Last Week in Review: How Fast Rates Can Change Right now, the biggest news story to follow is the U.S. and China trade negotiations. This past week, home loans started inching higher but were "saved" momentarily midweek when reports came out suggesting a delay of a "phase one" trade deal signing. Remember that Bonds and home […]

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