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Daily Market Watch for Friday, August 29, 2014 (Courtesy of Larry Baer and Market Alert )
SHORT-TERM TREND (5 days or less). Tilted ever so slightly in favor of lower rates and higher prices. Market volatility has risen significantly -- so pay increased attention to price and time projections.
LONG-TERM TREND (6 days or more) Tilted slightly in favor of lower rates and higher prices – but very vulnerable to more market volatility than we have experienced in some time. Pay close attention to price action.
 
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 pace of personal income growth and spending disappointed economists in July. Incomes grew by 0.2% -- the slowest pace this year while household spending decreased by 0.1%. The decline in spending was widespread. Consumers bought fewer cars than they did in June and they spent less at department stores and other retailers. The Fed’s favorite measure of inflation at the consumer level (the personal consumption and expenditure component of this morning’s report) posted a very benign reading of 0.1%. The few mortgage investors still at their desks shrugged the whole thing off.



The coming holiday-shortened week will be dominated by investors positioning themselves in front of Friday’s 8:30 a.m. ET release of the July nonfarm payroll figures.



As I write, the consensus estimate among economists is calling for headline payroll growth of 220,000 – a nice improvement over June’s 209,000 gain. The national jobless rate is expected to tick lower to 6.1% from the current 6.2% level and average hourly earnings are expected to have rebounded from June’s 0.04% mark to an improvement of 0.20% this time around.



Numbers that match these projections will not likely move interest rates much one way or the other. In the unlikely event we see a headline payroll number of 225,000 or greater and/or a national jobless rate of 6.0% or less – look for some upward pressure on the current level of mortgage rates to develop.
 
Commentary and Chart Courtesy of Larry Baer and Market Alert

Recent Additions to The Sweetwater Real Estate Page View The Sweetwater Real Estate Page
20514 Manette Dr
Katy , Texas   77450
$258,000
Agent: Jackie Wallman     281-646-9929
Texas Homes Realty
Date listed on this site: 8/29/2014

Loan Officer: Jim Norris (RMLO #304627)

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20514 Manette Dr Katy Texas 77450
 
15202 Rigby Point Ln
Cypress , Texas   77429
$359,100
Agent: Debbie Wilcox     (281) 435-0490
Wilcox Properties
Date listed on this site: 8/27/2014

Loan Officer: Jim Norris (RMLO #304627)

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15202 Rigby Point Ln Cypress Texas 77429
 
18518 Sunrise Pines Dr
Montgomery , Texas   77316
$194,900
Agent: Bill Friedrich     512-517-2961
RE/MAX Heart of Texas
Date listed on this site: 8/27/2014

Loan Officer: Austin Loan Officer (RMLO #304627)

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18518 Sunrise Pines Dr Montgomery Texas 77316
 
3015 Lazy Pine
La Porte , Texas   77571
$285,000
Agent: David Hope     832-285-2063
Logos Real Estate & Investment Properties
Date listed on this site: 8/27/2014

Loan Officer: Jim Norris (RMLO #304627)

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3015 Lazy Pine La Porte Texas 77571
 
26 Post Oak
Hilltop Lakes , Texas   77871
$149,500
Agent: Wayne Warren     936-855-2928
Champions Real Estate
Date listed on this site: 8/27/2014

Loan Officer: Jim Norris (RMLO #304627)

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26 Post Oak Hilltop Lakes Texas 77871
 
1705 Beacon Pointe Ln
Dickinson , Texas   77539
$255,900
Agent: Joseph Maloy     713-301-0282
Keller Williams
Date listed on this site: 8/27/2014

Loan Officer: Jim Norris (RMLO #304627)

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1705 Beacon Pointe Ln Dickinson Texas 77539
 
22 Taupewood Pl
The Woodlands , Texas   77384
$350,000
Agent: Theresa Wagaman      936-524-4901
Remax
Date listed on this site: 8/27/2014

Loan Officer: Jim Norris (RMLO #304627)

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22 Taupewood Pl The Woodlands Texas 77384
 
25617 Peppermill Creek Dr
Porter , Texas   77365
$269,500
Agent: Randal Scott     832-644-2408
Keller Williams Realty Northeast
Date listed on this site: 8/27/2014

Loan Officer: Jim Norris (RMLO #304627)

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25617 Peppermill Creek Dr Porter Texas 77365
 
 
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12/24/2012
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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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