Mortgage Update – January 4, 2017

    The Six Most Important Things You Need to Know From the Mortgage World this Week.


    Despite the rise in mortgage rates since the election, there are many reasons to be optimistic about the housing market and overall economy heading into 2017.


    Just last week, the Consumer Confidence Index revealed that consumers are more confident about their future than at any time over the last 15 years.


    Low unemployment, rising wages, record stock market values, home price appreciation, and growth-friendly economic policies all point toward strength in 2017.


    Even though inventories are still low, home sales ended 2016 at the highest levels since the 2008 recession, and demand from home buyers remains high.


    There is also reason to be optimistic that home builders may pick up their pace as a December survey of home builders showed a surge in optimism since the election.


    Single-family housing starts and building permits are also near multi-year highs. Confident consumers and builders bode well for the future!



    It was a quiet end of the year on the mortgage front with little economic news. The 30 Year Fixed-Rate ended 2016 in the mid 4’s and about .25% higher than where it started the year.


    The ISM National Manufacturing Index is due out on Tuesday, the minutes from the December 14th Fed Meeting on Wednesday, the ISM National Services Index on Thursday, and the next Employment Report on Friday.


    Jim Scheu
    NMLS# #659050 GA #51170
    Senior Loan Officer
    Shelter Lending Services
    5780 Windward Pkwy, Suite 100
    Alpharetta, GA 30005
    Visit my Website
    Mobile: 404.906.6010
    Fax: 610.629.6369

    If you have questions about your mortgage needs, please contact our preferred mortgage lender – Jim Scheu with Shelter Lending Services at 404.906.6010 or click the blue banner just below to send him an email.

    The material is intended for licensed mortgage professionals only and is not an extension of credit. Information contained in this document is subject to change without notification. ©2016 Shelter Lending Services, LLC is an Equal Housing Opportunity Lender. NMLS#1033753 ( This communication does not constitute a commitment to lend or the guarantee of a specified interest rate. All loan programs and availability of cash proceeds are subject to underwriting and property approval. 695 Mansell Road Suite 200, Roswell, GA 30076. James Williamson NMLS# 552530, AL:#59117, GA:#36174, TN:#120865. Georgia Residential Mortgage Licensee # 38779.

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