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Inflation and the Fed and Mortgage Rates
Sovereign Lending Group’s clients see in the press a lot about “soft landings” or “hard landings” when it comes to the impact on the economy from the Federal Reserve’s actions. This impacts mortgage rates, of course, since a hard landing would foster a recession and...
Big News Last Week
There was quite a bit of news last weeks that impacts mortgage rates, either directly or indirectly. Without much fanfare, let’s jump in for Sovereign Lending Group’s clients and review what happened, and why. The Federal Reserve, the bond market, and therefore...
Families Still Need a Place to Live
All of Sovereign Lending Group’s clients know that rates have moved higher. Much higher. Average 30-year fixed-rates are firmly around the 7.5 percent mark (up 3.88% on a year-to-year basis and the high 2 percent range from a few years ago). And Sovereign’s clients...
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
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 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?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 But they’ve been replaced by news items such a possible Russian invasion of Ukraine leading to a spike in near-term...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 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?
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?
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...