Latest News Category: News

Last Week in Review: Fed Takes Action This past week the Federal Reserve cut the Fed Funds Rate for the third time this year, by .25%. Along with the rate cut, the Fed released a statement that suggested a "pause" in further cuts, but stated they will be ready to act again should "slowing global conditions" […]

In an effort to make disclosing loans easier and faster, Carrington Mortgage Services, LLC will begin providing State Specific Disclosures as part of the lender disclosure package for all loans disclosed on or after November 1, 2019. Disclosure packages will be available in brokerIQ where you can download the disclosures to meet signature requirements. It […]

Last Week in Review: The Remedy for Higher Rates This past week home loan rates were essentially unchanged from the previous week, breaking a trend of higher rates since the beginning of October. Bonds hate good news and there is still plenty to go around: U.S./China trade dispute progress Brexit progress Corporate earnings remain positive, as […]

Last Week in Review: Optimism Hurts Rates This past week home loan rates ticked up, yet remain just above 3-year lows. Here are 3 reasons why: Solid corporate earnings and future positive guidance from many public companies were a pleasant surprise for many who were bracing for a far more disappointing outlook. As a result, Stocks […]

Last Week in Review: Fed Rate Cut Coming -- But Don't Wait U.S. Bond yields and home loan rates ticked modestly higher this week as the world watches the U.S. and China have their first serious talk since July. There is a growing sentiment that the U.S. and China will agree to some short-term measures like […]

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, […]