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Daily Market Watch for Friday, August 28, 2015 (Courtesy of Larry Baer and Market Alert )
SHORT-TERM TREND (5 days or less). Favors lower prices and steady to fractionally higher rates – but just barely.
LONG-TERM TREND (6 days or more) Tilted in favor of lower prices and higher rates – but just barely.
 
15-Minute Daily Chart of the Fannie Mae 5.0% - 30 Year from mktalert.net
How The DJIA & NASDAQ Can Affect Rates

(Note: If the Charts above do not appear, please click 'Refresh' in your browser)
Commentary: The Federal Reserve’s benchmark fed funds rate has been hovering in a range of 0.0% to 0.25% since the end of 2008. In roughly three-weeks the members of the Federal Open Market Committee will meet to decide, among other things, whether the fed funds rate should be nudged up by 25 basis-points.



There are many who suggest the Fed should postpone making any change in its current monetary policy until at least December. They argue the economy is chugging along just fine as it is – creating jobs while inflation remains benign. Prices as measured by the personal consumption expenditure index – the Fed’s preferred way of measuring inflation at the consumer level – grew just 0.3% in the 12 months ended in July.



If the Fed chooses to forego a September rate hike – a growing possibility – many investors will likely conclude the Fed believes the U.S. economy is not strong enough to tolerate such a move. Against such a backdrop -- stock values will likely slump while mortgage interest rates move sideways to fractionally lower.



Looking ahead to the coming week – Tuesday’s Institute of Supply Management’s manufacturing index, Wednesday’s revised Q2 Productivity and Unit Labor Costs stats and Thursday’s Institute of Supply Management’s service sector index will be nothing more than the warm-up act for Friday’s August nonfarm payroll report.



The probabilities are high Friday’s data from the Labor Department will show the economy created roughly 218,000 new jobs in August -- while the national jobless rate remained at 5.3%. If this assessment proves accurate, the August employment report should prove supportive of steady to perhaps fractionally lower mortgage interest rates.
 
Commentary and Chart Courtesy of Larry Baer and Market Alert

Recent Additions to The Sweetwater Real Estate Page View The Sweetwater Real Estate Page
8534 HIGHCREST
HOUSTON , TX   77055
$196,000
Agent: JANIE Y LEE     832.677.5899
REALTY ASSOCIATES
Date listed on this site: 8/29/2015

Loan Officer: Jim Norris (RMLO #304627)

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8534 HIGHCREST HOUSTON TX 77055
 
2914 INDIGO
Pearland , TX   77584
$239,900
Agent: Anjanette Fower     832-335-9393
Realty Pros Of Texas
Date listed on this site: 8/17/2015

Loan Officer: Jim Norris (RMLO #304627)

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2914 INDIGO Pearland TX 77584
 
6913 Crane Road
North Richland Hills , Texas   76182
$189,900
Agent: Nicholas Miller     817-913-4615
Realty Side by Side, LLC
Date listed on this site: 8/12/2015

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6913 Crane Road North Richland Hills Texas 76182
 
410 Otis
Nacogdoches , Texas   75965
$153,430
Agent: Barbarette Twiggs     281-447-0058, ext. 704
Alpha & Omega Properties
Date listed on this site: 8/11/2015

Loan Officer: Jim Norris (RMLO #304627)

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410 Otis Nacogdoches Texas 75965
 
403 N Granville
Bellville , Texas   77418
$250,000
Agent: Ellen Remmert     979-836-9696
Kays Real Estate Cafe
Date listed on this site: 8/11/2015

Loan Officer: Gayle Valentine-Hill (RMLO #298234)

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403 N Granville Bellville Texas 77418
 
1839 FM 3171
Schulenberg , Texas   77418
$415,000
Agent: Ellen Remmert     979-836-9696
Kays Real Estate Cafe
Date listed on this site: 8/11/2015

Loan Officer: Gayle Valentine-Hill (RMLO #298234)

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1839 FM 3171 Schulenberg Texas 77418
 
5231 Norborne Ln
Houston , Texas   77069
$725,000
Agent: Edward Blackwell     281-444-3900
Keller Williams Realty
Date listed on this site: 8/10/2015

Loan Officer: Elle Roloff-Norris (RMLO #304630)

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5231 Norborne Ln Houston Texas 77069
 
3706 STARBRIDGE POINTE
KATY , TX   77449
$189,500
Agent: Anjanette Fower     832-335-9393
Realty Pros Of Texas
Date listed on this site: 8/3/2015

Loan Officer: Jim Norris (RMLO #304627)

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3706 STARBRIDGE POINTE  KATY TX 77449
 
 
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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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