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Overview The offices of Carrington Mortgage Services, LLC (CMS), including the Lock Desk, will be closed Thursday, July 4, 2024 for Independence Day, which is a Federal Holiday. In addition, all CMS offices, including the Lock Desk, will also be closed on Friday, July 5, 2024 for a company holiday. Normal lock desk hours will […]

This past week the Federal Reserve decided not to cut rates and shared their updated forecast on the economy. Let's discuss what was said and what's ahead for the upcoming week. Higher for Longer Continues The Federal Reserve met last Wednesday and once again decided to make no change to interest rates. The markets widely […]

Interest rates dropped to the lowest levels in the last two months. Let's discuss why and what's next. Economic Deceleration In the past couple of weeks, there have been many economic readings revealing that the economy is slowing. Our gross domestic product (GDP) for the first quarter was revised lower to 1.3%. Coming on the […]

This past week interest rates moved sharply higher in response to a host of unfriendly bond news. Let's discuss what happened and what to watch for in the weeks ahead. We Need More Revenue This past week was shortened due to the Memorial Day holiday, but it was filled with tall problems which caused rates […]

Overview Due to severe storms, straight-line winds, tornadoes, and flooding in Texas, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: April 26, 2024 and continuing State FEMA Disaster Declaration Counties Texas 05/17/2024 Calhoun, Collin, Cooke, Denton, Eastland, Guadalupe, Hardin, Harris, Jasper, Jones, Lamar, Liberty, Montague, Montgomery, Polk, […]

Overview Due to severe storms in Iowa, FEMA has declared the following counties a disaster. Incident Period: May 20, 2024 to May 21, 2024 State FEMA Disaster Declaration Counties Iowa 05/24/2024 Adair, Montgomery, Polk and Story Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … FHA […]

Overview Due to severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides in West Virginia, FEMA has declared the following counties a disaster. Incident Period: April 2, 2024 to April 6, 2024 State FEMA Disaster Declaration Counties West Virginia 05/22/2024 Boone, Cabell, Fayette, Kanawha, Lincoln, Marshall, Nicholas, Ohio, Putnam, Wayne, Wetzel Re-Inspection by Product Type […]

Overview Due to severe storms, straight-line winds, tornadoes, landslides and mudslides in Kentucky, FEMA has declared the following counties a disaster. Incident Period: April 2, 2024 State FEMA Disaster Declaration Counties Kentucky 05/22/2024 Boyd, Carter, Fayette, Greenup, Henry, Jefferson, Jessamine, Mason, Oldham, Union and Whitley Re-Inspection by Product Type If your loan is … A […]

This past week interest rates inched up as "higher for longer" signs around the globe emerged. Before we get into the news, let's take a moment to reflect on this Memorial Day holiday and its significance. Originally called Decoration Day, Memorial Day was first observed after the Civil War and is in remembrance of those […]

This past week interest rates have reached the lowest levels in over a month. Let's discuss what happened and what news to watch next week. Ahhhh Last Wednesday, the highly anticipated Consumer Price Index was released. Back on April 10th, the previous CPI reading was reported hotter than expected and pushed interest rates to the […]