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Daily Market Watch for Tuesday, June 28, 2016 (Courtesy of Larry Baer and Market Alert )
Short Term: Favors steady to fractionally higher rates and slightly lower prices.
Long Term: Favors steady to fractionally higher rates and steady to slightly lower prices.
                      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:

It has been a relative quiet start to the day in the mortgage market.

Earlier this morning the Commerce Department released their final “guesstimate” of economic growth over the course of the first three months of the year. Government dank wonks say their revised calculations show the economy actually grew at a 1.1% pace during the first-quarter – a marked improvement over their earlier estimate suggesting growth bumped along at a very anemic 0.8%.

Consumer spending fell 0.7% on a quarter-over-quarter basis during the period while core inflation (a value stripped of the volatile food and energy components) posted a reading of 2.0% -- a noticeable gain from the 1.3% reading in the prior quarter. During the first three-months of 2016 the pace of core inflation rose at the fastest rate since the second-quarter of 2014. That “scratchy” tidbit of economic news did not escape the notice of mortgage investors. The initial response was fairly modest -- but another quarter of expanding inflation pressures will make it difficult, if not impossible for mortgage interest rates to gain meaningful traction toward lower levels.

Still to come this week is the Fed’s favorite measure on inflation at the consumer level, the personal consumption expenditure index, a component of the May Personal Income and Spending report scheduled for release tomorrow morning. Friday’s release of the June Institute of Supply Management Manufacturing index rounds-out the economic news for the week. The mortgage market will close early at 2:00 p.m. ET on Friday for the Independence Day Holiday.
 
Commentary and Chart Courtesy of Larry Baer and Market Alert

Recent Additions to The Sweetwater Real Estate Page View The Sweetwater Real Estate Page
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
 
12515 Ravensway
Cypress , TX   77429
$212,000
Agent: Lisa Ross Smith     713-291-8298
Monarch Real Estate Group
Date listed on this site: 6/23/2016

Loan Officer: Jim Norris (RMLO #304627)

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12515 Ravensway Cypress TX 77429
 
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
 
5544 Lawson
Houston , TX   77023
$339,990
Agent: Karen Cook     832-443-3642
Realty Associates
Date listed on this site: 4/3/2016

Loan Officer: Jim Norris (RMLO #304627)

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5544 Lawson Houston TX 77023
 
 
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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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