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Home Loan Rates Ticked Up

Last Week in Review: Rate Movements Explained This past week was a head-scratcher as home loan ticked up slightly week over week despite the 10-year Note yield hitting a historic low of 0.31% and Stocks enduring heavy losses. Typically, when Stocks drop, so do rates — especially after historic Stock losses like those this past week. […]

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Coronavirus Uncertainty Fueling Low Rates

Last Week in Review: How Low Can Rates Go? Home loan rates touched all-time lows this past week, fueling refinance activity and creating a sense of urgency for homebuyers to lock in purchase loans. The question many people are asking is, "how low can rates go?" The short answer -- no one knows. A lot […]

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The Lowest Rates EVER

Last Week in Review: The Lowest Rates EVER Bonds love bad news, uncertainty, and fear, which is causing rates to move lower. This past week, the escalation of the coronavirus fears caused enough anxiety to push rates down to the lowest levels in U.S. history. Here's what we know: Mortgage Bonds, which determine loan pricing, ticked […]

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Definition of Goldilocks

Last Week in Review: A Great 2020 Housing Story Here’s some good news… the continued strength of the labor market, along with historically low mortgage rates, will keep positive housing momentum alive in 2020. The Unemployment Rate is currently at a 50-year low of 3.6% with expectations for the index to push even lower to […]

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Three Reasons Why Rates May Have Bottomed

Last Week in Review: What the Market Is Saying Solid economic numbers continue to be reported. We are seeing a historically strong labor market, rising wages, high consumer and business confidence, and an overall boost in housing. Bonds hate good news and there is simply too much good news to go around at the moment.Home […]

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Back to the Future for the Financial Markets

Last Week in Review: Recovering From the Coronavirus This past week was a bit rough for the Bond market as home loan rates steadily ticked higher and off the best levels in three years. The coronavirus has been a tailwind to the Bond market and home loan rates for the past few weeks, but this week […]

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Home Loan Rates Decline Again

Last Week in Review: Home Loan Rates Decline Again The coronavirus outbreak in China continued to grip the financial markets this week. The total affected and number of deaths rose sharply throughout the week suggesting the virus is not yet contained. Stocks hate uncertainty and Bonds love uncertainty. As a result, Bonds traded higher to their […]

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The Good News Flow Continues

Last Week in Review: The Good News Flow Continues This past week, we watched home loan rates tick modestly higher and retreat from three-year lows. Why? There are three main reasons: U.S and Iran. On Wednesday, the de-escalation of tensions between the U.S. and Iran brought an immediate sense of calm to the financial markets. As a […]

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New Year, New Decade, Same Story

Last Week in Review: Nice Start to 2020 The new year and new decade started, and good news, some things don’t change. Stocks picked up right where they left off in 2019 by touching all-time highs. And Bonds, which also performed well in 2019, continue to hover near three-year highs, keeping home loan rates near 3-year […]

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Finishing the Year With a Bang

Last Week in Review: Global Improvement 2019 was an incredible year for Stocks, which finished the final trading week of the year at all-time highs. Generally speaking, when Stocks go higher, so do rates. And that was the case this past week as home loan rates ticked up to the highest levels in months. So, what […]

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An Equal Housing Opportunity Lender. Copyright 2007 - 2022 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines. Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

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