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Overview Due to severe winter storms, straight-line winds and flooding in Tennessee, FEMA has declared the following counties a disaster. Incident Period: January 22, 2026 – January 27, 2026 State FEMA Disaster Declaration County Tennessee 02/06/2026 Benton, Carroll, Cheatham, Chester, Clay, Davidson, Decatur, Dickson, Dyer, Fayette, Hardeman, Hardin, Henderson, Hickman, Lewis, Macon, Madison, Maury, McNairy, […]

Mortgage applications decreased 0.8% from one week earlier; new listings dropped 10.0% year over year for the week ending April 4; credit availability increased modestly in March to its highest level since August 2022; mortgage rates ticked down this week to 6.37% for the average 30-year fixed mortgage; annual price appreciation slowed to a marginal […]

The average 30-year fixed mortgage rate rose to 6.46% this week, the highest level in seven months; mortgage applications decreased 10.4% from one week earlier; national home price growth decelerated to 0.9% in January; March saw 16.2% of for-sale homes offering price reductions, down 1.2% points from a year ago; affordability improved to its strongest […]

Overview Due to the holiday, the Lock Desk will close early on Friday, April 3rd at noon Pacific Daylight Time and will not be accepting any new locks or re-locks but will be open to assist with any other issues. Issues related to locks should be sent via email to lockdesk@carringtonms.com. Contacts Please contact CorrespondentRM@carringtonms.com […]

Mortgage applications decreased 10.5% from one week earlier; sales of newly built single-family homes slumped more than 17% on a seasonally adjusted monthly basis in January; 1 in 5 sellers slashed prices in 9 major metros in February; the average rate for a 30-year loan climbed to 6.38%, the highest since September 2025 and up […]

Year-over-year pending home sales increased 1.8% in February; mortgage rates hit their highest point this year, rising 11 basis points to 6.30%; mortgage applications decreased 10.9% from one week earlier; new home sales activity increased slightly in February compared to year-ago levels; 73% of surveyed agents expect a stronger spring than in 2025; a report […]

Nearly 45,000 U.S. homes pulled from the market last year were relisted in January 2026, a decade high; mortgage applications increased 3.2% from one week earlier; existing home sales in February rose 1.7% from January; borrower equity declined by $78.8 billion or 0.5% year over year in Q4 2025; the average rate of a standard, […]

Mortgage applications increased 11.0% from one week earlier; the average 30-year fixed mortgage was 6% for the week ending March 5; the U.S. housing supply gap widened to 4.03 million units as new construction faltered last year; a new report shows that the typical homeowner hangs onto their house for 12 years; 67% of Gen […]

Overview Effective March 2, 2026, Carrington Mortgage Services, LLC (CMS) will qualify all Fixed, ARM and Interest-Only Carrington Investor Advantage loans using the Note Rate. Please Note: The updates listed below apply to loans that have not been locked yet. Encompass will be updated with the changes effective 3/5. Category Requirements Debt-Service Coverage Ratio (DSCR) […]

Mortgage rates fell below 6% for the first time in more than three years; mortgage applications increased 0.4% from one week earlier; annual home price growth ended 2025 at 1.3%, the weakest since 2011; Nearly 40,000 home-sale agreements nationwide were canceled in January, which is roughly 1 in 7 home sales; U.S. house prices rose […]