Sovereign Lending Group’s clients see in the press a lot about “soft landings” or “hard landings” when it comes to the impact on the economy from the Federal Reserve’s actions. This impacts mortgage rates, of course, since a hard landing would foster a recession and...
There was quite a bit of news last weeks that impacts mortgage rates, either directly or indirectly. Without much fanfare, let’s jump in for Sovereign Lending Group’s clients and review what happened, and why. The Federal Reserve, the bond market, and therefore...
Housing and jobs drive the economy in the United States, and Sovereign Lending Group’s clients should know that July’s job’s data sure turned some heads, and certainly suggesting that we’re not in a recession. Nonfarm payrolls increased by 528k in July. What do rates...
