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Big News Last Week

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

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

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 Yield Sovereign 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 But they’ve been replaced by news items such a possible Russian invasion of Ukraine leading to a spike in near-term...