Latest News Category: News

Last Week in Review: Inflation – The Problem and Opportunity This past week we watched stocks and rates move higher with the former hitting all-time highs and the 10-year yield crossing above 1.00% for the first time since March. At the same time, mortgage-backed securities (MBS) traded lower, causing home loan rates to tick up […]

Last Week in Review: The Fed and the Unsaid Last week stocks climbed to all-time highs, and rates were able to hold steady near all-time lows. The big news of the week was the Fed Meeting. It is important to follow Fed activities as they are the most powerful central bank on the planet, and […]

Last Week in Review: To Stimulate or Not to Stimulate Last week, a few market-moving events caused turbulence in the financial markets. Stocks and rates bounced up and down before heading into the weekend at elevated levels. The Dow Jones Industrial Average hovers near 30,000 and the 10-Year Note Yield near 1.00%. Here are three […]

Last Week in Review: Three Market Movers This Past Week 1) Stimulus Talks Are Back The big news this past week was the renewed stimulus talks and the "chance" that we may see a $900 billion stimulus bill included in the government funding package this month. Up until now, both political parties have been unable […]

Last Week in Review: Tug-of-War at Play The Tug-of-War Continues Stocks, Bonds, and rates are responding to the tug-of-war playing out between vaccine hopes and the rise in COVID-19 cases, along with additional lockdowns. Pfizer was out this past week saying its vaccine has a 95% effectiveness rate. Moreover, the firm says they will have […]

Last Week in Review: Financial Markets Get Vaccinated The big news of last week was Pfizer's announcement that their vaccine was 90% effective against COVID-19. It also appears that some vaccines could be distributed before year-end. The market's response? "This is a gamechanger." Stocks soared to record highs and mortgage-backed securities and Treasuries prices fell […]

Last Week in Review: Three Things the Markets Told Us About Election Day Many were expecting uncertainty and chaos emerging from Election Day, and those people were not disappointed. Joe Biden will be the next president of the United States. Even when the president was unknown, Stocks skyrocketed, and Bond prices soared, causing rates to […]

Comparable Benefits with Easier Qualifications Although the market for Jumbo loans is bouncing back for traditional banks, Carrington Mortgage Services offers borrowers a better-priced alternative – Carrington Prime Advantage℠ – that has comparable benefits with easier qualifications for loans up to $2.5 million. Dare to compare! "The Bank" Carrington One loan up to 90% LTV? […]

Last Week in Review: Headed Back to the Future This past week, the U.S. 10-year Note yield, a proxy for long-term interest rates, climbed back above .80% for the first time since June.  At the same time, mortgage-backed security prices, which determine home loan rates, declined to their lowest level since July, pushing mortgage rates […]

Last Week in Review: Europe Pain is Bonds Gain U.S. Bond Market = Safe Haven Last week, investment dollars around the globe flooded into the U.S. Treasury market as a "safe haven" against growing uncertainty in Europe. Germany, France, and other European countries are seeing record levels of COVID-19 cases and have to decide on […]