When rates go up, bond prices go down, and vice versa. People who own bonds may not care if the price is going down since they don’t have to sell them , but many institutions do, including banks who own them. And in this environment, where people are second-guessing...
Sovereign Lending Group’s clients should know that the economy in the United States is driven by housing and by jobs, and we saw the employment data last week that turned heads. And bond market investors were left wondering what impact this data will have on the...
A VA loan is a type of mortgage loan available to veterans, service members, and eligible surviving spouses. It is a government-backed loan that is issued by private lenders but is guaranteed by the Department of Veterans Affairs (VA). The VA loan program was created...
Sovereign Lending Group prides ourselves on our service, reputation, and product line up. But that doesn’t mean, of course, that we don’t keep our eye on offering competitive pricing, mortgage rates, and the economy in general. Overall mortgage rates were down last...
Sovereign Lending Group’s borrowers often wonder how mortgage rates are derived, and how prices are determined. There are two basic sets of rate and price determinants that our clients should be aware of which may clear up some of the confusion. The first set of...