Sweetwater Mortgage Company and Texas Homeplace Mortgage Company
Experienced Strong Trustworthy

NMLS ID#225711     
Complimentary Websites
Listing Agents
Sign Up to Make or Receive Websites and Open House Flyers for Your Listings

Sweetwater Mortgage BBB Business Review

 
Weekly Rate Sheet and Market Watch
Real Estate Agents
Sign Up to Receive Weekly Rate Sheet and Market Watch
 
 
Customer Tools
Free Pre-Approval
The Real Estate Page
Loan Status
Loan Application
Testimonies
Texas Homeplace

Loan Officers Mission Statement
Awards
Privacy Policy
Daily Market Watch for Thursday, February 11, 2016 (Courtesy of Larry Baer and Market Alert )
Short Term: Favors lower prices and steady to perhaps fractionally higher rates.
Long Term: Favors lower prices and steady to perhaps fractionally higher rates.
                      30 Year Fixed (National Average)
15-Minute Daily Chart of the Fannie Mae 5.0% - 30 Year from mktalert.net

 

Dow Jones Industrial Average Last 5 Days          



 
Commentary:
As I write, Fed Chairman Janet Yellen is making an encore presentation before the Senate Banking Committee to repeat verbatim her monetary policy statements she delivered to the House Finance Committee yesterday morning.

Even though her comments did not directly indicate the Fed has completely backed-off of earlier projections for potentially three or four more rate hikes this year -- based on pricing in the fed funds futures contracts -- investors don’t currently see the central bank hiking short-term interest rate at all in 2016.

So what happens now as the Fed begins to retreat from its tough talk in terms of the number and pace of rate increases for 2016?

As I mentioned in this space yesterday – and even though I know it may sound crazy -- the probabilities strongly suggest the equity markets will soon respond with a relatively short-lived, but rather powerful counter-trend rally as consumers move to take advantage of ultra-low interest rates and to spend some of the money they have been saving at the pump. My models are suggesting the Dow will likely put in a multi-week “bottom” as it trades between 15,550 and 15,400 (currently trading at 15,518).

Since many traders see a direct correlation between oil prices and stock prices – a strong but probably short-lived rally in the oil markets may develop soon as well. My models are suggesting Light Sweet Crude will bottom as it trades in the $26.00 to $25.50 price range. (Currently trading at $26.56)

My TrueCast™ timing models suggests we are within two or three weeks of at least one – and very likely both -- of these two events occurring.

The “so what” factor here is worth noting – a solid rally in stock prices, if/when it develops, will almost certainly come at the expense of higher mortgage interest rates as “flight-to-quality” capital once again goes in search of higher yield. Now is the time to increase your focus on exactly how much lower you will let prices get before locking in your “floating” loan pipeline – rather than allowing yourself to get caught up in speculation surrounding how much lower rates may fall.

In other events of the day -- Uncle Sam will wrap-up this week’s three part, three-day debt auction with the sale of $15 billion of 30-year bonds this afternoon at 1:00 p.m. ET.

The Labor Department reported earlier this morning the number of Americans standing in-line to file first-time claims for government jobless benefits declined by 16,000 to a seasonally adjusted 269,000. Since the beginning of March jobless claims have been below the 300,000 level economists say is consistent with strength in the job market. Mortgage investors gave the data nothing more than a passing glance.

Tomorrow's release of the January Retail Sales figures occupies an otherwise empty economic calendar. Overall retail sales are expected to post a decline of 0.1% -- and the ex. auto component of the report is expected to post a month-over-month decline of 0.1% as well. If these projections prove accurate, the January retail sales data should, at the very least, be supportive of steady mortgage interest rate.
 
Commentary and Chart Courtesy of Larry Baer and Market Alert

Recent Additions to The Sweetwater Real Estate Page View The Sweetwater Real Estate Page
5544 Lawson
Houston , TX   77023
$397,000
Agent: Karen Cook     832-443-3642
Realty Associates
Date listed on this site: 1/22/2016

Loan Officer: Jim Norris (RMLO #304627)

View Web Site     View Flyer

5544 Lawson Houston TX 77023
 
6161 Reims Rd #205
Houston , TX   77036
$37,000
Agent: Laura Van Duyn     (713) 291-9034
Daumas Realty
Date listed on this site: 1/14/2016

Loan Officer: Jim Norris (RMLO #304627)

View Web Site     View Flyer

6161 Reims Rd #205 Houston TX 77036
 
6161 Reims Rd #204
Houston , TX   77036
$42,000
Agent: Laura Van Duyn     (713) 291-9034
Daumas Realty
Date listed on this site: 1/14/2016

Loan Officer: Jim Norris (RMLO #304627)

View Web Site     View Flyer

6161 Reims Rd #204 Houston TX 77036
 
90 Wyndemere
MONTGOMERY , TX   77356
$379,900
Agent: Thelma Ibarra     713/330-1254
Champions Real Estate Group
Date listed on this site: 1/4/2016

Loan Officer: Jim Norris (RMLO #304627)

View Web Site     View Flyer

90 Wyndemere MONTGOMERY TX 77356
 
2201 Monte Cristo Way
Las Vegas , Nevada   89117
$930,000
Agent: Robert J Russell, IRES, ICREA     972-292-8967 Office
Robert J Russell
Date listed on this site: 1/1/2016

View Web Site     View Flyer

2201 Monte Cristo Way Las Vegas Nevada 89117
 
 
Announcements
Title & Date Announcement
The BBB awarded Sweetwater the Gold Star Award for 2015!
3/18/2015
The BBB awarded Sweetwater the Gold Star Award for the 8th time in 9 years. The Gold Star is awarded to companies who have shown outstanding customer service for three consecutive years.

Contact Information

 

MANAGEMENT  

Jim Norris - President (RMLO #304627)
12010 Miramar Shores Dr.
Houston, TX 77065
(281) 970-1082 ext 1
(866) 717-4556 ext 1 Toll Free

jim@sweetwatermortgage.com 

Elle Roloff - Operations Manager (RMLO #304630)
12010 Miramar Shores Dr.
Houston, TX 77065
(281) 970-1082 ext 2
(866) 717-4556 ext 2 Toll Free
elle@sweetwatermortgage.com

 

LOAN OFFICERS

Brenham:Gayle Valentine-Hill (RMLO #298234)
119 W Commerce St
Brenham, TX 77833
979-353-4234


Email:gayle@texashomeplacemortgage.com
Brenham:Sandra Starnes (RMLO #298126)
119 W Commerce Street
Brenham, TX 77833
979-353-4234
979-251-0726

Email:sandra@texashomeplacemortgage.com
Houston:Jim Norris (RMLO #304627)
12010 Miramar Shores Dr
Houston, Tx 77065
(281) 970-1082 ext 1
(866) 717-4556 ext 1
Email:jim@sweetwatermortgage.com
Houston:Elle Roloff-Norris (RMLO #304630)
12010 Miramar Shores Dr
Houston, TX 77065
281-970-1082 ext 2
866-717-4556 ext 2
Email:elle@sweetwatermortgage.com

 

 
 
  
  Designed by ChristWebs Mortgage Broker Recovery Fund and Consumer Complaint Notice Copyright 2003 SweetwaterMortgage
All Rights Reserved