Shelter Six:  Potential Trade War Biggest Risk to Economy

1. According to Fannie Mae’s latest economic report, U.S. economic fundamentals remain strong with the stimulus from the tax cut and new federal budget working well.

2. According to the report, the biggest economic downside risk at this time is the potential trade war with China.

3. Fannie Mae expects the Fed to raise interest rates for the second time this year in June and then once more before the end of the year, for a total of three times this year and not four.

4. After three months of unexpected declines, Retail Sales figures rebounded in March up to a very healthy .6%.

5. Multi-family Housing Starts were strong but Single-family Housing Starts fell 4% in March.

6. Shelter’s new Smart Choice program allows for loan amounts up to $2M with only 10% down and no PMI with the flexibility of one mortgage late in the last year and up to a 50% debt ratio.

Rate Update

Despite no compelling economic news nor a clear reason, mortgage rates moved to the highest point in several years last week.

This Week

Existing Home Sales will be released on Monday, New Home Sales on Tuesday, and Durable Orders on Thursday.

April 23, 2018 by · Leave a Comment

About James

James A. Williamson is currently the Sr VP of Sales Development for Shelter Lending Services (formerly Fairfield Mortgage). James joined Shelter in 1994 and was the company's top Loan Officer in GA for 20 straight years helping over 2500 families finance their homes. James now oversees an incredible group of Loan Officers in Atlanta while further building Shelter's Atlanta business.

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