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The U.S. spring home-buying season had its weakest start in five years; mortgage applications increased 1.1% from one week earlier; the number of homes for sale rose to the highest level since December 2019; new home purchase mortgage applications increased 5.3% in April; pending U.S. home sales fell 3.4% year over year during the four […]

Mortgage applications increased 11% from one week earlier; Fannie Mae’s Home Purchase Sentiment Index ticked up slightly to 69.2; U.S. housing inventory reached its highest level since the pandemic began; mortgage rates stayed put at levels reached last week; U.S. home price growth fell to a 13-year low in March; and first-time homebuyers accounted for […]

Overview The Lock Desk will be closed on Monday, May 26, 2025 for Memorial Day, which is a Federal Holiday.  Normal lock hours will resume on Tuesday, May 27, 2025. Additionally, the Lock Desk will close early on Friday, May 23, 2025 at 11:00 A.M. PST due to the early close of the financial markets. […]

Pending home sales jumped 6.1% in March; mortgage applications decreased 4.2% from one week earlier; interest rates fell for the second week in a row, from 6.76% from 6.81%; Fannie Mae lowered its mortgage rate outlook for 2025 and 2026; the S&P CoreLogic Case-Shiller Index climbed 3.9% in February; home price appreciation in the U.S. […]

Overview Due to severe storms, straight-line winds, tornadoes, flooding, landslides, and mudslides in Kentucky, FEMA has declared the following counties a disaster. Incident Period: April 2, 2025 and continuing State FEMA Disaster Declaration Counties Kentucky 04/24/2025 Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen, and Woodford Re-Inspection by Product Type If […]

Contract closings decreased 5.9% last month to an annualized rate of 4.02 million, while new home sales increased by 7.4%; mortgage applications decreased 12.7 percent from one week earlier; nationwide, the median home-sale price rose 2.1% year over year; home prices were up 5.2% from Q1 2024 to Q1 2025; active inventory climbed 30% from […]

Overview On Friday April 18th, the Carrington Mortgage Services Lock Desk team is open and available to assist with any issues on loans, but will not be accepting any new locks or re-locks due to the Good Friday holiday and bond market closure. The Lock Desk will reopen and resume normal operations on Monday, April […]

The average rate on a 30-year fixed loan plunged 12 basis points to 6.63%; mortgage applications decreased 1.6% from one week earlier; new listings climbed 10.2% year-over-year, marking the highest March increase in three years; the total value of owner-occupied real estate registered at $48.1 trillion, the third-highest value on record; and monthly payments for […]

Overview Due to severe storms, straight-line winds, flooding, landslides, and mudslides in West Virginia, FEMA has declared the following counties a disaster. FEMA has established the Incident Period End Date and the updated counties are listed in bold. Incident Period: February 15, 2025 and February 18, 2025 State FEMA Disaster Declaration Counties West Virginia 02/26/2025 […]

To better serve an important segment of the mortgage market, the CMS correspondent channel is concentrating exclusively on underwriting and purchasing non-QM loans. Read Press Release ANAHEIM, Calif. (April 2, 2025) — Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, boasts an impressive slate of loan offerings and services […]