Oil is all over the news, and Nations Lending employees and their clients are certainly happy to be paying less at the pump. Prices have dropped to $50 a barrel from around $115 a barrel in June. But does the price movement of oil impact mortgage rates?
One of the main concerns Nations Lending clients have when refinancing or purchasing a home is what their interest rate is going to be, because the rate affects disposable income and liability. But whether it is a single borrower or a country, the interest rate determines the outflow of money to a bank or other […]
Last week Nations Lending and the home lending industry took note of changes in the way that Freddie and Fannie price loans. Due to the improvement in the overall housing industry, we found that the changes were definitely due.
Since they directly affect the housing market on a local level, Nations Lending experienced loan officers closely monitor trends in vacancy rates.