Nations Lending customers are located in many areas that are seeing price appreciation, but is the increase in housing prices real, or just a passing trend?
Many cities that Nations Lending originates in are experiencing a rental affordability crisis as rent cost continues to increase. And we believe that this is increasing the motivation to buy a home rather than live in an apartment or rent.
The Fed met recently. Does it matter? The low rate environment has Nations Lending loan officers and their clients wondering if the Federal Reserve will raise mortgage rates. The short answer is no. The Federal Reserve does not set mortgage rates.
You’d be hard-pressed to find a borrower that didn’t depend on oil in some way, whether it be for driving or heating fuel.
Last week Nations Lending and the home lending industry took note of changes in the way that Freddie and Fannie price loans.
There are more people born between 1980 and 1999 – what the Census Bureau defines as Millennials – than any other generation.
As the jumbo loan and refinance market begins to pick up, it’s important to remind Nations Lending clients that their credit standing is important.
With the recent drop in interest rates, Nations Lending loan officers are being asked by their clients whether or not this is an opportune time to refinance.
Many of Nations Lending clients are in areas where rent has been increasing. So it is of great interest to them, and us, whenever news comes out about rents because places known for their high rents, which in turn impact affordability of housing.