The Six Most Important Things You Need to Know From the Mortgage World this Week.
Metro Atlanta residential real estate closings were up 8.7% for the first nine months of this year compared to 2015.
The average Metro Atlanta sales price is up 4.9% over last year and on track to beat the record level of 2006.
Metro Atlanta home values are now up 60% from the March 2012 bottom. (Case-Shiller Index)
After two months of declines, Retail Sales, minus the volatile auto component, rebounded nicely in September and were up .5% from August.
The Retail Sales figures are very important as consumer spending accounts for nearly 70% of U.S. economic activity.
The latest data on weekly jobless claims was also encouraging as the number of people applying for unemployment benefits matched the lowest level since 1973.
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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 (www.nmlsconsumeraccess.org). 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.