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Starting Off on the Wrong Foot

Financial markets started off the new year on the wrong foot, and interest rates inched higher. Let's discuss what happened and look at next week's events. Fed Minutes Released On Wednesday, the minutes from the December Fed meeting from two weeks ago were released. Overall, the minutes amplified Fed Chair Jerome Powell's take, "The Fed" […]

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Bonds Ringing in The New Year

Home loan rates have improved once again finishing the year at the best levels since May. Let’s look at what happened in the final trading week of the year and discuss what to watch as the new year begins. 3.83% The 10-year Note continues to hover near 3.83%, exactly where 2023 began. But as we […]

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Historic Bond Market Rally Continues

The "Santa Claus Rally" in stocks is an often-discussed phenomena in the markets, but it was the bond market that has displayed some holiday cheer this year. Let's discuss what happened last week and look into the final trading days of the year. Crazy 8's In late October 30-yr mortgage rates hit 8%; the highest […]

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Fed Pivots, Bonds Celebrate

This past week the good vibes in the financial markets continued. Interest rates hit their best levels since the Summer and continued their historic run lower. Let's discuss what happened and look at the week ahead. Winning Streak Extends to Six Through late October, we were experiencing one of the worst bond market/interest rate trends […]

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Bonds Rally Ahead of Fed Meeting

Home loan rates have enjoyed the sixth consecutive weekly decline as bond friendly news continues to hit the wires. Let's review what is happening in the financial markets, the economy and prepare for a big news week ahead. Winning Streak Extends to Six Through late October, we were experiencing one of the worst bond market/interest […]

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Home Loan Rates Ease Further

Home loan rates continued their decline which started at the beginning of November. Let's look at what happened this past week and prepare for the big news ahead. Bonds Enjoy the Best Month in Forty Years So how good has the bond market been in November? According to Bloomberg's widely followed U.S. Aggregate Bond Index, […]

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Inflation Eased, Bonds Pleased

This past week interest rates held near the best levels in two months in response to bond-friendly news. Let's review what happened last week and look at what to watch for this coming week. Inflation is Declining Disinflation, or the rate of inflation declining, is in full bloom. The Consumer Price Index was reported on […]

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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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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.

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