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Last Week in Review: To Stimulate or Not to Stimulate Last week, a few market-moving events caused turbulence in the financial markets. Stocks and rates bounced up and down before heading into the weekend at elevated levels. The Dow Jones Industrial Average hovers near 30,000 and the 10-Year Note Yield near 1.00%. Here are three […]

Last Week in Review: Three Things the Markets Told Us About Election Day Many were expecting uncertainty and chaos emerging from Election Day, and those people were not disappointed. Joe Biden will be the next president of the United States. Even when the president was unknown, Stocks skyrocketed, and Bond prices soared, causing rates to […]

Comparable Benefits with Easier Qualifications Although the market for Jumbo loans is bouncing back for traditional banks, Carrington Mortgage Services offers borrowers a better-priced alternative – Carrington Prime Advantage℠ – that has comparable benefits with easier qualifications for loans up to $2.5 million. Dare to compare! "The Bank" Carrington One loan up to 85% LTV? […]

Last Week in Review: Headed Back to the Future This past week, the U.S. 10-year Note yield, a proxy for long-term interest rates, climbed back above .80% for the first time since June.  At the same time, mortgage-backed security prices, which determine home loan rates, declined to their lowest level since July, pushing mortgage rates […]

Last Week in Review: Europe Pain is Bonds Gain U.S. Bond Market = Safe Haven Last week, investment dollars around the globe flooded into the U.S. Treasury market as a "safe haven" against growing uncertainty in Europe. Germany, France, and other European countries are seeing record levels of COVID-19 cases and have to decide on […]

Last Week in Review: Interest Rate Outlook – Three Things to Follow Three Things to Follow Home loan rates remain right at historic lows fueling unprecedented refinance activity and driving purchase demand. Many are asking: how long will the good times last? Could rates move another leg lower? What’s next for rates? Here are three […]

Last Week in Review: Markets Enter the Great Unknown COVID-19 Hits the White House Last Friday morning, President Trump and the First Lady tested positive for COVID-19. The news shocked the financial markets around the globe, with global Stocks declining in response to the uncertainty. The news adds the potential for large market swings as […]

Last Week in Review: Uncertainty Takes Over the Markets Fiscal Stimulus Fiscal stimulus refers to policy measures undertaken by a government that typically reduce taxes or regulations and increase government spending in order to boost economic activity. This past week, both Fed Chair Powell and Treasury Secretary Mnuchin called for more “fiscal stimulus” to help […]

Last Week in Review: The Fed Spoke, the Markets Reacted Last Wednesday, the Federal Reserve issued its Monetary Policy Statement and held a press conference. An unofficial mandate for the Fed is to maintain "market calm" and not say anything to roil either Stocks or Bonds. Overall, the Fed statement and press conference were extremely […]

The Last Week in Review: Good, Bad, and Ugly Before the Fed The Good Last week, home loan rates hit all-time low levels despite progress and optimism on a vaccine, the economy, and the job market. A continued tailwind for relatively low rates comes from the Eurozone, where their central bank, the ECB, left rates […]