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Daily Market Watch for Friday, July 25, 2014 (Courtesy of Larry Baer and Market Alert )
SHORT-TERM TREND (5 days or less). Favors higher rates and lower prices.
LONG-TERM TREND (6 days or more) Tilted in favor of higher rates and lower prices.
 
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: New orders for durable goods (items manufactured to last three-years or more) rose 0.7% in June, a little stronger than expected -- but temporary factors distorted the April and May headline number. Excluding transportation – orders rose 0.8%. Overall the numbers were not totally out of line with expectations, and the survey details were mostly positive. Mortgage investors yawned.



The mortgage market is benefiting from selling pressures in the stock markets this morning as stock jocks choose to reduce their exposures over the weekend. My models are suggesting the equity markets have one more strong run into the end of the month to go before they become increasingly vulnerable to a significant selloff. If this assessment proves accurate, it will be difficult for mortgage interest rates to gain much momentum toward lower levels during the coming week.



Speaking of next week -- Uncle Sam will be in the credit markets from Monday through Wednesday looking to peddle $93 billion worth of Treasury notes. The auction series will begin with $29 billion of two-year notes on Monday, followed by $35 billion worth of five-year notes on Tuesday and the entire process will wrap up on Wednesday with the sale of $29 billion of seven-year notes. That is a significant amount of supply investors will be asked to absorb days before the much-anticipated June nonfarm payroll report is released on Friday, August 2 at 8:30 AM ET.



As if the Treasury auctions were not enough distraction, the Federal Open Market Committee will be conducting a two-day monetary policy meeting beginning on Tuesday and running through their post meeting statement release at 2:00 PM ET on Wednesday.





The week will end with a deluge of data featuring the release of the June nonfarm payroll report at 8:30 AM ET on Friday morning -- which will be immediately followed by the release of the June Personal Income and Spending report and the release of the Institute of Supply Management’s July Manufacturing Index.



That is a lot of moving parts for one week. At this juncture -- few of those parts look like they will be particularly supportive of the prospects for notably lower mortgage interest rates and higher prices. Unless/until the Fannie Mae 3.5% 30-year mortgage-backed security can attract enough buyers to push up and through a price of 102.312 – a “lock ‘em if you’ve got ‘em” pipeline risk management strategy will likely provide to be the most prudent choice.
 
Commentary and Chart Courtesy of Larry Baer and Market Alert

Recent Additions to The Sweetwater Real Estate Page View The Sweetwater Real Estate Page
16903 WORTLEY DR
Houston , Tx   77084
$229,900
Agent: AL Mesrahi     281-513-8346
Remax Grand
Date listed on this site: 7/25/2014

Loan Officer: Jim Norris (RMLO #304627)

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16903 WORTLEY DR Houston Tx 77084
 
8107 SUN TERRACE LN
Houston , Tx   77095
$489,000
Agent: AL Mesrahi     281-513-8346
Remax Grand
Date listed on this site: 7/25/2014

Loan Officer: Jim Norris (RMLO #304627)

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 8107 SUN TERRACE LN Houston Tx 77095
 
9738 ravensworth
houston , Texas   77031
$139,900
Agent: AL Mesrahi     281-513-8346
Remax Grand
Date listed on this site: 7/25/2014

Loan Officer: Jim Norris (RMLO #304627)

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9738 ravensworth houston Texas 77031
 
22006 WILLOW SHADOWS DR
TOMBALL , Texas   77375
$165,900
Agent: Mariangel Wilkinson     832-482-5599
Texas United Realty
Date listed on this site: 7/25/2014

Loan Officer: Houston Loan Officer (RMLO #304627)

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22006 WILLOW SHADOWS DR TOMBALL Texas 77375
 
819 Levi Bnd
Magnolia , Texas   77354
$169,900
Agent: Rebecca Privette     (713)965-7165
United Real Estate
Date listed on this site: 7/24/2014

Loan Officer: Jim Norris (RMLO #304627)

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819 Levi Bnd Magnolia Texas 77354
 
10038 CEDAR CREEK CT
BROOKSHIRE , Texas   77423
$289,900
Agent: Jackie Wallman     281-646-9929
Texas Homes Realty
Date listed on this site: 7/23/2014

Loan Officer: Jim Norris (RMLO #304627)

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10038 CEDAR CREEK CT BROOKSHIRE Texas 77423
 
2118 CASTLE GARDENS LN
KATY , Texas   77449
$153,000
Agent: Jackie Wallman     281-646-9929
Texas Homes Realty
Date listed on this site: 7/23/2014

Loan Officer: Jim Norris (RMLO #304627)

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2118 CASTLE GARDENS LN KATY Texas 77449
 
25907 Indian Springs Way
Spring , TX   77373
$340,000
Agent: Barbarette Twiggs     281-447-0058, ext. 704
Alpha & Omega Properties
Date listed on this site: 7/19/2014

Loan Officer: Jim Norris (RMLO #304627)

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25907 Indian Springs Way Spring TX 77373
 
 
Announcements
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The BBB awarded Sweetwater the Gold Star Award for 2013!
11/13/2013
The BBB awarded Sweetwater the Gold Star Award for the 6th time in 7 years. The Gold Star is awarded to companies who have shown outstanding customer service for three consecutive years.
TSML Assigns Sweetwater the Highest Possible Compliance Rating!
12/24/2012
For the 2nd consecutive examination, the Texas Department of Savings and Mortgage Lending assigned Sweetwater the highest possible compliance rating of a "1"! According to TSML definition, this means that Sweetwater is in a "strong compliance position".

Contact Information

 

MANAGEMENT

Jim Norris - President                                                          Elle Roloff - Operations Manager

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

Austin:Austin Loan Officer (RMLO #304627)
(866) 717-4556 Toll Free
Email:sweetwater@sweetwatermortgage.com
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
Dallas:Dallas Loan Officer (RMLO #304627)
(866) 717-4556 Toll Free
Email:sweetwater@sweetwatermortgage.com
Houston:Houston Loan Officer (RMLO #304627)
908 Town & Country Blvd # 120
Houston, Tx 77024
(281) 970-1082
(866) 717-4556 Toll Free
Email:sweetwater@sweetwatermortgage.com
Houston:Jim Norris (RMLO #304627)
908 Town & Country Blvd #120
Houston, Tx 77024
(281) 970-1082 ext 1
(866) 717-4556 ext 1
Email:jim@sweetwatermortgage.com
Houston & San Antonio:Elle Roloff-Norris (RMLO #304630)
908 Town & Country Blvd #120
Houston, TX 77024
281-970-1082 & 210-807-7285 ext 2
866-717-4556 ext 2
Email:elle@sweetwatermortgage.com
San Antonio:San Antonio Loan Officer (RMLO #304627)
(210) 807-7285
(866) 717-4556 Toll Free
Email:sweetwater@sweetwatermortgage.com
 
 
  
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