Latest News Category: News

Last Week in Review: August Retail Sales rose at their smallest level in six months. Did inflation sizzle or fizzle? Retail Sales disappointed in August, up just 0.1 percent from July. However, July's figure was revised higher from 0.5 percent to 0.7 percent. Sales were led by non-store retailers and from receipts at gasoline stations, […]

Last Week in Review: Non-farm payrolls rose in August. So did home prices in July. U.S. employers hired 201,000 new workers in August, above the 187,000 expected, the Bureau of Labor Statistics reported. However, June and July were revised lower by a total of 50,000 jobs. Job gains have averaged 185,000 per month over the last 3 […]

Last Week in Review: Existing Home Sales fell for the fourth straight month in July. New Home Sales declined on a monthly basis but improved annually. Existing Home Sales decreased 0.7 percent to a seasonally adjusted annual rate of 5.34 million in July from 5.38 million in June, the National Association of REALTORS® reported. This […]

Last Week in Review: Retail Sales were stronger than expected in July. Housing Starts improved from June's nine-month low. July Housing Starts rebounded slightly from the steep decreases seen in June. Housing Starts grew to a seasonally adjusted annual rate of 1.168 million units, which was a 0.9 percent increase from June's downwardly revised estimate […]

Last Week in Review: Home price gains were strong in June. Did inflation heat up in July? Research firm CoreLogic reported that home prices, including distressed sales, rose 6.8 percent from June 2017 to June 2018. Prices were up 0.7 percent from May to June. However, gains could slow over the next year if further […]

Overview Effective Thursday, August 9, 2018, Carrington Mortgage Services, LLC (CMS) will introduce the Investor Advantage Program. The Investor Advantage Program is well suited for Investors with some credit challenges and is convenient without the need for income documentation and traditional debt ratios to qualify.  The borrower only needs to have positive cash flow for […]

Last Week in Review: Job growth eased in July while annual inflation remained tame in June and home prices continued to rise. Non-Farm Payrolls rose by 157,000 new jobs in July, below the 190,000 expected, the Bureau of Labor Statistics reported. However, the figures for May and June were revised higher by a total of […]

Last Week in Review: Home sales slumped in June while second quarter economic growth soared. Existing Home Sales declined for the third straight month in June, falling 0.6 percent from May to an annual rate of 5.38 million units, the National Association of REALTORS® reported. Declines in the West and South outpaced gains in the […]

Last Week in Review: June saw Housing Starts slump and Retail Sales jump. U.S. homebuilders broke ground on fewer homes than expected in June, due in part to higher costs for lumber, lack of available land and a shortage of construction workers. June Housing Starts fell 12.3 percent from May to an annual rate of […]

Last Week in Review: Annual inflation ticked up while small business optimism neared record highs. The Consumer Price Index (CPI) rose 2.9 percent in the 12 months ending in June, up slightly from the 2.8 percent annual reading in May. This was the largest annual increase since the year ending in February 2012, and it […]