At Nations Lending we see first-hand how clients change over the years. There are shifts in financial demographics: credit score, income and median housing prices. But more importantly there are shifts in homebuyer behavior: an increase in the average age of a homeowner and increase in the length a person rents before buying. According to Zillow, across […]
Last week we discussed what in the economy is currently moving interest rates and we continue that discussion this week. The job market here in the United States, as Nations Lending’s originators know, indicates that our economy is doing well. Now, normally a fast-paced economy typically leads to higher interest rates. But if only life was that […]
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 […]
There are dozens of excuses people make as to why they’re not saving for retirement. I’m too young, I don’t make enough money, or the infamous ‘What’s the rush?’. Whatever the reason may be, it’s important to understand that there are many ways to save that don’t entail extreme couponing or eating Ramen noodles every […]
Many consumers are familiar with the concept of “debt” when borrowing money. Let’s talk about a different kind of debt- financial evolution, specifically, debt financing. Having an understanding of the current environment is an asset for Nations Lending’s clients. Over the past 25 years non-financial corporate debt has only risen modestly as a share of […]
A home is where you go to feel safe. It’s where you want to relax with your family and lay your head down after a long tiring day. It’s not somewhere that you should feel worried about your safety. There are over 2 million home burglaries reported each year in the US. If you break […]
In June when the Federal Reserve issued its policy statement regarding rates and the economy, analysts rushed to slice and dice the statement. But Nations Lending’s branch managers took a breath and reminded their originators that the market questions how important the Fed is at this point – especially in the mortgage market. The Fed […]
