Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the Carrington Flexible Advantage and Investor Advantage guidelines have been updated to add Illinois and Texas as approved states for the CMS Interest-only ARM program. As a reminder, the CMS Interest-only product has the following features: Terms Available: 5/1 ARM-IO, 7/1 ARM-IO, and 10/1 ARM-IO […]
Latest News
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 […]