fbpx

Blog

Mortgage Rates: Have They Stopped Going Up?

Mortgage Rates: Have They Stopped Going Up?

Sovereign Lending Group prides ourselves on offering customer-centric service to our clients and a solid product line up at a very competitive price. Our dedication to service and products is well known and has been consistent over time. When November began, however,...

We Help You with the Basics

We Help You with the Basics

Sovereign Lending Group’s loan officers are constantly coaching and teaching potential home buyers on financial basics. It is something that we pride ourselves on, and it benefits people whether they use Sovereign Lending Group (SLG) or not to help them buy a home....

Mortgage Rates for Condominiums

Mortgage Rates for Condominiums

Our Sovereign Lending Group loan officers are often asked, “Why are mortgage rates higher for condominiums?” As with so many other things in life, whether it be insurance, or penny stocks, or pork bellies, the basic answer is “risk.” But let’s dive in a little further...

After Your Loan Closes

After Your Loan Closes

The question often comes up, “What happens to my loan after it closes? “Independent mortgage banks” almost always sell the loan into the secondary markets. Think of Sovereign Lending Group (SLG) as a toy manufacturer: factories produce toys, sell them to stores, and...

No One Can Predict Interest Rates

No One Can Predict Interest Rates

We’re more than halfway through 2023 and not only have mortgage rates not gone down but have risen to levels that no one predicted. The supposed experts who have been predicting an economic slowdown or recession are wrong, once again. Sovereign Lending Group’s...

Letters from Buyers to Sellers

We can’t control interest rates, or the entire U.S. economy. Federal Reserve Chairman Jerome Powell, on the other hand, has much more to say about those, and he and Fed presidents are often in the spotlight during the weeks talking about the economy. But Sovereign...

Economic News & Our Borrowers

Economic News & Our Borrowers

SLG’s focus is on mortgage products, pricing, and service. There are many moving parts that go into each one of those, and all of the news in recent weeks has been on the government and economy. What’s going on out there that impacts Sovereign Lending Group’s...

Sovereign Lending Group’s Borrowers Catch a Break

Sovereign Lending Group’s Borrowers Catch a Break

How would you like to pay a different price for two cheese enchiladas at your favorite local Mexican restaurant, depending on the table you sat at, or how much you weighed, or what kind of credit card you were going to pay with? Yes, some of that exists, but the vast...

Sovereign Lending Group is Watching the Economic Tumult

Sovereign Lending Group is Watching the Economic Tumult

When rates go up, bond prices go down, and vice versa. People who own bonds may not care if the price is going down since they don’t have to sell them , but many institutions do, including banks who own them. And in this environment, where people are second-guessing...

Jobs Data: What Recession?

Jobs Data: What Recession?

Sovereign Lending Group’s clients should know that the economy in the United States is driven by housing and by jobs, and we saw the employment data last week that turned heads. And bond market investors were left wondering what impact this data will have on the...