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Latest News

Rates Improve As Fed Tone Softens

This past week, interest rates held steady and near the best levels in over one month. Let's look at what happened last week and peek into the week ahead. Treasury Selling More Debt Last week, the Treasury Department sold over $100 billion worth of Treasuries, to fund the government. The increase in our deficit spending […]

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Fed Pauses, Rates Decline

This past week, the Federal Reserve did not raise rates, and long-term rates, like mortgages, declined to the best levels in a month. Let's discuss what happened and discuss the big news items to watch for this coming week. The Fed On Wednesday, the Federal Reserve issued its monetary policy statement and decided to hold […]

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The Fed Was Quiet, The Markets Were Not

This past week, home loan rates hovered near the highest levels in this century. Let's look at what moved the markets and look into the week ahead. European Central Bank Pauses Rates Hikes European Central Bank (ECB) President Christine Lagarde did not hike rates this past week, citing economic weakness. This action and statement from […]

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Headwinds And Unsustainable Trends

This past week home loan rates touched the highest levels in this century. Let's talk about the recent headwinds for interest rates and other big events as we march toward the next Fed meeting on November 1st. Headwind #1 - QT Back in 2020, to stabilize the U.S. bond markets, the Federal Reserve began a […]

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Private Job Creations, Oil and Rates Fall

It was another wild week in the financial markets with interest rates backing away from the highest levels in decades. Let's discuss what happened and look at the news to watch for this coming week. JOLTS Report Jolts the Markets Last Tuesday, the JOLTS report, which shows how many jobs are available, ticked up much […]

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Will Rates Continue to Rise in Q4?

This past week interest rates touched the highest levels in decades. Let's discuss what happened and see what to watch for as the 4th Quarter begins. Ouch The U.S. bond market has been struggling since April, continuing a disturbing pattern of higher rates over time. Despite market expectations and even the Federal Reserve saying rate […]

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Significant Upside Inflation Risks Continue

This past week, the minutes from the July Fed Meeting were released. The news didn't help home loan rates, which ticked up to the peaks of last year. Let's look at what happened and talk about the headline risk for this week. "Uncertainty of the U.S. economic outlook remains elevated"... FOMC minutes from the July […]

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Higher Energy Prices Lift Inflation in August

Inflation perked up, yet interest rates improved from key levels. Let's walk through the big financial news of last week as we approach this Wednesday's Fed Meeting. Tale Of Two Inflations Last Wednesday, the Consumer Price Index (CPI) for August increased by 0.6% for the month, lifting the annual rate to 3.7%, both of which […]

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Oil Spikes Bring Fear of Rate Hikes

September has been a rough month so far for bonds and rates. Let's discuss the big headlines last week in the financial markets. Oil Gushing Higher The price of oil has been on the rise, hitting 10-month highs, due to lower supply levels and production cuts from Saudi Arabia and Russia. This rise has also […]

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20-Year Anniversary

Cheers to 20 Years! Celebrate with our 20-20-20 Special 20 Years of Excellence 20 Basis Points Savings Ends on the 20th of September Starting Tuesday, September 5th, until September 20th, we are offering an exclusive 20 basis points (BPS) discount on every FHA, VA, and USDA loan submitted to us. This is our way of […]

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Equal Housing Opportunity An Equal Housing Opportunity Lender. Copyright 2007 - 2024 . 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.

The content of this website is intended for licensed third-party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services is one of the leading wholesale mortgage lenders.

Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

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