Carrington Mortgage Services, LLC Learning Center

With mortgage rates forecasted to dip in 2024, there is potential for a boom in buying and selling, as well as room for potential refinance opportunities for homeowners. 

After its meeting in March this year, the Federal Open Market Committee (FOMC) voted unanimously to leave the benchmark federal fund rates unchanged. The federal funds rate is the overnight borrowing rate for commercial banks and credit unions – indirectly influencing mortgage rates. This vote marks the fifth consecutive meeting to maintain its steady policy rate between 5.25 percent and 5.5 percent. For all your homeownership needs, here are some opportunities you can take advantage of when using Carrington Mortgage Services, LLC! 

Four times a year, we’ll update you with what’s happening in the mortgage and real estate sectors – as well as what we think is coming next.