Clients often ask us, “What moves interest rates?” The condition and direction of the U.S. economy is a major driver of interest rates and bond prices, and along those lines an unexpected news tends to move markets quickly. Bond markets, which is the same way as saying interest rates, follow economic indicators closely, looking for […]
Let’s be honest: we’ve all had a personal finance tip that was drilled into our brain. We don’t necessarily know that the advice is 100% accurate and we might not even be able to say where we heard it from. Maybe a friend or even the coffee barista? Who knows. While your friends and the […]
Nations Lending’s management feels that it is important for our originators and branch managers to have a basic understanding of the capital markets. After all, what happens in those markets directly influences our borrower’s rates. And it is estimated that currently 90% of mortgages are through Ginnie, Fannie, and Freddie. Fannie Mae is the nickname […]
The press is filled with stories about first-time home buyers and Millennials obtaining home loans. At the other end of the spectrum are aging Baby Boomers and retired people – what about mortgages for them? Nations Lending does many loans for older U.S. citizens. Obtaining a typical mortgage while retired is certainly doable. It is […]
