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Daily Market Watch for Friday, July 22, 2016 (Courtesy of Larry Baer and Market Alert )
Short Term: Favors steady rates and slightly higher prices -- but just barely.
Long Term: Favors steady rates and slightly higher prices -- but just barely.
                      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:


Trading activity in the mortgage-backed security market is thin and sporadic this morning.

Capital continues to pour into U.S. credit markets from investors around the globe looking for a safe place to park their money without being required to pay the government for the privilege in the form of negative interest rates. As long as this condition persists, the threat of significantly higher mortgage interest rates developing anytime in the foreseeable future remains benign.

Looking ahead to the coming week the Federal Open Market Committee will meet in a two-day session that will conclude at 2:00 p.m. on Wednesday with the release of the committee’s post meeting statement. The Chicago Mercantile’ s Fed Watch tool is indicating fed fund future traders are virtually certain the Fed will choose to leave short-term interest rates and their monetary policy position “unfooled-around-with”. As I write, the CME Fed Watch probability model is assigning a 2-out-of-100 (2.0%) chance to the likelihood the Fed will vote to bump benchmark interest rates higher at next week’s meeting.

Tuesday will feature the June New Home Sales report while June Durable Goods Order data will be released on Wednesday. The government’s first “guesstimate” of the pace of economic growth during the April through June period will be released on Friday.

Uncle Sam will be active during the coming week as well with a three-part, three-day debt sale. First up on the auction block will be $26 billion of 2-year notes on Monday followed by $34 billion worth of 5-year notes on Wednesday. The whole thing will wrap-up at 1:00 p.m. ET on Thursday when the final gavel falls on $28 billion of 7-year notes.

As long as Friday’s first estimate of Q2 GDP does not exceed 2.3% -- mortgage interest rates will likely remain within shouting distance of current levels. The inflation threats implied with a reading of more than 2.5% (a possible but not very probable outcome) carries a strong potential to cause mortgage investors to defensively move rates fractionally higher.
 
Commentary and Chart Courtesy of Larry Baer and Market Alert

Recent Additions to The Sweetwater Real Estate Page View The Sweetwater Real Estate Page
19123 Mill Ferry Ln.
Katy , Texas   77449
$185,000
Agent: Sheila Joplin     (832)334-0001
Better Homes and Gardens Real Estate Gary Greene
Date listed on this site: 7/14/2016

Loan Officer: Jim Norris (RMLO #304627)

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19123 Mill Ferry Ln. Katy Texas 77449
 
5906 BIRDWOOD RD.
HOUSTON , TX.   77074
$279,000
Agent: JANIE Y LEE     832.677.5899
REALTY ASSOCIATES
Date listed on this site: 7/11/2016

Loan Officer: Jim Norris (RMLO #304627)

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5906 BIRDWOOD RD. HOUSTON TX. 77074
 
12515 Ravensway
Cypress , TX   77429
$212,000
Agent: Lisa Ross Smith     713-291-8298
Monarch Real Estate Group
Date listed on this site: 7/9/2016

Loan Officer: Jim Norris (RMLO #304627)

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12515 Ravensway Cypress TX 77429
 
5426 Coral Ridge Dr
Houston , TX   77069
$297,000
Agent: Lynnette Gronewold     832-229-8795
RE/MAX Northwest
Date listed on this site: 6/25/2016

Loan Officer: Jim Norris (RMLO #304627)

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5426 Coral Ridge Dr Houston TX 77069
 
8114 Hideaway Lake Ci
Spring , TX   77389
$5,800
Agent: ELSA MARTINEZ     832-860-8609
Texas Home Group Realtors
Date listed on this site: 6/8/2016

Loan Officer: Jim Norris (RMLO #304627)

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8114 Hideaway Lake Ci Spring TX 77389
 
13015 Advance Dr
Houston , TX   77065
$140,000
Agent: Lisa Ross Smith     713-291-8298
Monarch Real Estate Group
Date listed on this site: 5/25/2016

Loan Officer: Jim Norris (RMLO #304627)

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13015 Advance Dr Houston TX 77065
 
6911 Brewster
Missouri City , TX   77459
$385,000
Agent: Scott Mendell     281-433-7621
Berkshire Hathaway HomeServices AP
Date listed on this site: 5/11/2016

Loan Officer: Jim Norris (RMLO #304627)

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6911 Brewster Missouri City TX 77459
 
 
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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

 

 
 
  
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