Author Archives: shelterlending

What is Mortgage Preapproval and Why is it Important?

Mortgage preapproval is often one of the first steps you will take in the complex process of buying a home. Like many other aspects of homebuying, it’s one that’s shrouded in mystery and its fair share of misconceptions. Particularly if … Continue reading

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Housing Going Strong, Will Keep Going Strong

Housing led the economy out of the 2009 recession. It leads the economy to this day. New housing activity is a big deal to economic growth. When all the inputs to a new home — material, financing, sales, accouterments (furnishings … Continue reading

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The Yield Curve Flattens. Should We Care?

The yield curve has flattened in recent months: Short-term yields have risen; long-term yields have drifted lower.  The yield on the 2-year U.S. Treasury note was 1.22% to start the year. The yield on the 10-year Treasury note was 2.45%. … Continue reading

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Going into the mortgage process, it is common for many first-time or even seasoned homebuyers to have a few misconceptions. With reasonable and clear expectations, the entire process of obtaining home financing can be simple and painless. Here are few … Continue reading

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Rates Stay Low as the Economy Keeps Humming Along

Businesses keep doing what they’ve been doing for the past five years — hiring employees and making money.  On the former, business hiring helped lift payrolls by 261,000 in October. The surge in hiring dropped the unemployment rate to 4.1%. … Continue reading

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What to Know About FHA Loan Requirements

U.S. homebuyers have a number of financial tools at their disposal today when it comes to smoothing out the notoriously expensive and complicated process of purchasing a home. One of the oldest and most well-known is a publicly funded program from … Continue reading

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Rates Are up…and so Are Home Sales

It’s more fours than threes these days. Mortgage rates — rates on the long-end of the curve, in particular — are at a two-month high.  Our own central bank, the Federal Reserve, has long ago telegraphed its intentions on monetary … Continue reading

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