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Employment is in the Headlines

Employment is in the Headlines

Housing and jobs drive the economy in the United States, and Sovereign Lending Group’s clients should know that July’s job’s data sure turned some heads, and certainly suggesting that we’re not in a recession. Nonfarm payrolls increased by 528k in July. What do rates...

Mortgage Rate Pressure

Mortgage Rate Pressure

Sovereign Lending Group Mortgage Rate Pressure Sovereign Lending Group’s loan officers like to remind our clients that mortgage rates are not controlled by the Federal Reserve or any specific entity. The vast majority of mortgages are bundled by Sovereign and other...

Mortgage Rates and the 10-Year Yield

Mortgage Rates and the 10-Year Yield

Mortgage Rates and the 10-Year YieldSovereign Lending Group (SLG) and our clients have observed the fast rise in mortgage rates in 2022 with alarm, as has the rest of our industry. Treasury yields have gone up as well, leading some to ask, “What is the link between...

Rates… Trending Higher?

Rates… Trending Higher?

Rates… Trending Higher?As we travel through February, the pandemic headlines that have moved interest rates for nearly two years have nearly vanished. But they’ve been replaced by news items such a possible Russian invasion of Ukraine leading to a spike in near-term...

Rates are Still Good

Rates are Still Good

Rates are Still GoodLast week we learned that consumer prices jumped 7% in December from a year ago. That was the eighth straight month of an inflation figure higher than 5%, and the third consecutive month above 6%. It is the biggest annual increase since February...

What Is A VA Cash-Out Refinance?

What Is A VA Cash-Out Refinance?

A VA cash-out refinance can be a useful tool in accessing the equity in a home if you fit the criteria!   Here is why a VA cash-out refinance may be beneficial for you!   What Does It Mean To Do A VA Cash-Out Refinance?     A VA cash-out refinance...

Can You Refinance An Investment Property?

Can You Refinance An Investment Property?

Rental property investing is a popular route of investing for many who are looking to receive passive income.   Does refinancing your investment property have any advantages?   What Are The Advantages?   One of the biggest advantages of a cash-out...

Technology Takes Mortgage Lending Into the Future

Technology Takes Mortgage Lending Into the Future

There are many misconceptions about millennials and homeownership.    Some attacks have even accused Millennials of wasting their money on avocado toast instead of spending it on buying homes. Seriously.    Well, the older generations couldn’t have been...

Pool Of VA Loan Applicants Expanded Due To New Bill Passed

Pool Of VA Loan Applicants Expanded Due To New Bill Passed

VA loans have now been expanded to a new group of people thanks to this lengthy bill passed in congress. Here is what it means:  The Bill  There was a provision included in the Johnny Isakson and David P Roe, M.D. Veterans Health Care and Benefits Improvement Act that...

Refinancing Your Home in 2021

Refinancing Your Home in 2021

Refinancing your mortgage was a hot trend in 2020 because of lower interest rates.  Did you miss out?    Here is why it is still beneficial to refinance your mortgage in 2021!    Why Should You Refinance Your Mortgage?      First off, it is...