Latest News Category: News

Last Week in Review: Slowing but Growing Recession fears were back in full swing this past week, thanks to the weakest manufacturing report since June 2009, which was the last month of the Great Recession. Manufacturing makes up 12% of our economy, while consumer spending makes up nearly 70%. So even though the consumer remains strong, […]

Last Week in Review: Bullard Wants More This past week was a classic example of how good news means bad news for Bonds and home loan rates. A little trade deal with Japan, solid housing numbers, and hopeful news on the U.S./China trade dispute was enough to erase the previous week's modest improvement in rates. And […]

Last Week in Review: Three Things the Fed Said This past week the Federal Reserve cut the Fed Funds Rate for the second time this year, lowering the rate to 2.00%. Remember that the Fed Funds Rate is a short-term, overnight rate that has little effect on home loan rates. Home loan rates respond to the […]

Last Week in Review: Stocks and Mortgage Rates Rise This past week home loan rates ticked up sharply from the previous week leaving many wondering -- have rates bottomed? For would-be homebuyers, real estate agents, and folks working in the housing industry, here are three things affecting home loan rates today and stories to follow in […]

Last Week in Review: Too Much of a Good Thing for Rates Bonds and home loan rates hate good news. So, the influx of positive news abroad coupled with strong jobs data here in the U.S. pressured Mortgage Bonds lower and home loan rates higher. The main event, which helped Stocks and hurt home loan rates, […]

Last Week in Review: Fed vs. Recession Home loan rates finished this past week essentially where they began, near 3-year lows. With all the chatter of a global recession and elevated fears that the U.S. will slip into a recession thanks to the recent inverted yield curve, why haven't rates improved further? Is the Bond market […]

The Carrington Mortgage Services, LLC - Wholesale Lending Division Lock Desk will be closed on Monday, September 2, 2019 for Labor Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, September 3, 2019. Additionally, the Lock Desk will close early on Friday, August 30, 2019 at 11:00 A.M. PST due to […]

Last Week in Review: Yield Curve Inversion Discussion This past week we watched Bond yields/interest rates decline around the globe on rising fears of a global recession. It's worth noting that home loan rates did not partake in the declining interest rate party this week as the Treasury market, not the Mortgage Backed Security market, received […]

Last Week in Review: Thinking Like an Investor This past week we watched home loan rates touch three-year lows as investors around the globe continue to seek the safe haven of the U.S. dollar. Why are global investors moving money into the U.S. dollar and safe instruments like U.S. Bonds? Due to the lingering uncertainty behind […]

Last Week in Review: First Fed Rate Cut in 10 years This past week the Federal Reserve (Fed) cut the Fed Funds Rate by .25% to 2.25%, the first rate cut in 10 years. Many consumers are wondering why home loan rates haven't declined by .25% in tandem with the Fed action. Let's break down […]