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.
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.