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Daily Market Watch for Friday, April 24, 2015 (Courtesy of Larry Baer and Market Alert )
SHORT-TERM TREND (5 days or less). Favors higher prices and lower rates.
LONG-TERM TREND (6 days or more) Tilted in favor of steady to higher prices and steady rates.
 
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 Commerce Department released data this morning showing orders for durable goods (items manufactured to last three-years or more) jumped 4.0% last month. The gain was significantly stronger that the 1.0% improvement most economists had anticipated. That’s the good news.



The bad news, at least from an economic growth perspective, is the gain was generated by an unusual 112% surge in bookings for fighter jets and military equipment. Stripping out the outsized aircraft orders and other transportation demand – orders actually dropped 0.2% -- the seventh consecutive decline in this measure of future manufacturing activity – which matches the longest such slump in records dating back to 1992.



With no sign business demand is starting to pick-up, the forward looking prospect for accelerating economic growth remains muted. That is good news for the prospects of steady to perhaps fractionally lower mortgage interest rates -- but a potentially limiting development for future single-family mortgage loan demand.



Looking ahead to the coming week the members of the Federal Open Market Committee will huddle on Tuesday, April 28th and Wednesday, April 29th to plot monetary policy strategy for the next six weeks. Central bankers are broadly expected to remain on the sidelines with respect to any move to tighten benchmark short-term interest rates this time around.



This assessment is almost certain to be accurate if next Wednesday 8:30 a.m. ET release of the government’s initial estimate of first-quarter economic growth as measured in terms of Gross Domestic Product shows a gain of 1.0% or less as most economists now expect.
 
Commentary and Chart Courtesy of Larry Baer and Market Alert

Recent Additions to The Sweetwater Real Estate Page View The Sweetwater Real Estate Page
2727 Bright Trail
Sugarland , TX   77479
$499,500
Agent: Nelly Pezeshki     7133972888
Houston Properties & Investments
Date listed on this site: 4/13/2015

Loan Officer: Jim Norris (RMLO #304627)

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2727 Bright Trail Sugarland TX 77479
 
7919 Ellinger Ln.
Houston , TX   77040
$121,900
Agent: Sheila Joplin     (832)334-0001
Better Homes and Gardens Real Estate Gary Greene
Date listed on this site: 3/30/2015

Loan Officer: Jim Norris (RMLO #304627)

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7919 Ellinger Ln. Houston TX 77040
 
9315 NEW FOREST
SPRING , TX   77379
$271,000
Agent: Khairun Moton     832-443-5652
CHAMPION REAL ESTATE
Date listed on this site: 3/11/2015

Loan Officer: Jim Norris (RMLO #304627)

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9315 NEW FOREST SPRING TX 77379
 
19938 Franz Rd,
Katy , TX   77449
$695,500
Agent: Anjanette Fower     832-335-9393
Realty Pros Of Texas
Date listed on this site: 3/7/2015

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19938 Franz Rd, Katy TX 77449
 
19308 Desna
Porter , TX   77365
$485,000
Agent: Tricia Frazier     832-233-7215
Realty Associates
Date listed on this site: 3/5/2015

Loan Officer: Jim Norris (RMLO #304627)

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19308 Desna Porter TX 77365
 
9407 Emerald Lakes
Rosharon , Texas   77583
$300,000
Agent: Scott Mendell     281-433-7621
Berkshire Hathaway HomeServices AP
Date listed on this site: 2/28/2015

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9407 Emerald Lakes Rosharon Texas 77583
 
17742 Washburne Lane
Houston , Texas   77095
$465,000
Agent: Kathy and Mark Emery     281-464-6966
Executive Real Estate Services
Date listed on this site: 2/23/2015

Loan Officer: Jim Norris (RMLO #304627)

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17742 Washburne Lane Houston  Texas 77095
 
2377 Strangemeier Road
Brenham , Texas   77833
$314,900
Agent: Jessica Andrade     979-421-3470
Champions Real Estate Group, LLC
Date listed on this site: 2/7/2015

Loan Officer: Jim Norris (RMLO #304627)

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2377 Strangemeier Road Brenham Texas 77833
 
 
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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)                            Elle Roloff - Operations Manager (RMLO #304630)

908 Town & Country #120                                                  908 Town & Country #120
Houston, TX 77024                                                             Houston, TX 77024
(281) 970-1082 ext 1                                                         (281) 970-1082 ext 2
(866) 717-4556 ext 1 Toll Free                                            (866) 717-4556 ext 2 Toll Free

jim@sweetwatermortgage.com                                            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 & 210-807-7285 ext 2
866-717-4556 ext 2
Email:elle@sweetwatermortgage.com

 

 
 
  
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