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Daily Market Watch for Friday, August 22, 2014 (Courtesy of Larry Baer and Market Alert )
SHORT-TERM TREND (5 days or less). Tilted slightly in favor of higher rates and lower 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 higher rates and lower 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: Fed Chair Yellen made her first trip as head of the U.S. Federal Reserve to Jackson Hole, Wyoming to address central bankers from around the world gather there for the Kansas City Fed’s annual economic symposium.



In her keynote address earlier this morning Mrs. Yellen gave no sense a tightening of the Fed’s short-term interest rates is imminent. Yellen said that 19 labor market indicators followed by the Fed suggest that the decline in the national unemployment rate overstates the overall improvement in labor market conditions overall. She repeated the message that the central bank intends to hold short-term rates close to zero for a “considerable time” after the Fed wraps up its three-part fiscal stimulus program in October. Mrs. Yellen’s comments matched “chapter-and- verse with what investors wanted to hear her say – leaving mortgage interest rates to bounce contentedly around in a very narrow trading range.



The coming week will feature the release of the July New Home Sales figures on Monday, Durable Goods Orders on Tuesday, revised Q2 Gross Domestic Figures on Thursday and the July Personal Income and Spending data on Friday. There is nothing here likely to individually or collectively influence the trend trajectory of mortgage interest rates.



Uncle Sam will be in the credit markets through the middle three-days of the coming week looking to peddle $93 billion worth of government debt in a three-part auction series. First up on the auction block will $29 billion of 2-year notes on Tuesday followed by $35 billion of 5-year notes on Wednesday and the auction series will conclude with the sale of $29 billion of 7-year notes on Thursday. With few other low risk alternatives to choose from on a global basis -- bidding at next week debt auctions should be strong enough to limit any influence they might otherwise have on the current level of 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
6211 Stratmor Ct.
SPRING , TX   77389
$399,900
Agent: Jim Doyle     832-326-7678
JSJ Realty Group
Date listed on this site: 8/22/2014

Loan Officer: Jim Norris (RMLO #304627)

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6211 Stratmor Ct. SPRING TX 77389
 
4003 Lawngate Dr
Dallas , TX   75287
$227,980
Agent: Mattye P. Smith     972-733-5265
Blueprint Realty
Date listed on this site: 8/22/2014

Loan Officer: Dallas Loan Officer (RMLO #304627)

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4003 Lawngate Dr Dallas TX 75287
 
18419 Teal Creek Dr
Humble , Texas   77346
$224,950
Agent: Kim Buish     713-819-1642
Red Door Realty
Date listed on this site: 8/21/2014

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

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18419 Teal Creek Dr Humble Texas 77346
 
9022 MEMORIAL CREEK DR
SPRING , Texas   77379
$279,900
Agent: Jovena Sanders     281-844-6822
ERA Tramco
Date listed on this site: 8/21/2014

Loan Officer: Jim Norris (RMLO #304627)

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9022 MEMORIAL CREEK DR SPRING Texas 77379
 
5803 Hoover St
Houston , Texas   77092
$179,500
Owner: Bob Ryan     713 523-1600 x 204
Ryan's Real Estate Brokers
Date listed on this site: 8/20/2014

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

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5803 Hoover St Houston Texas 77092
 
5109 Parkcrest
La Porte , TX   77571
$157,000
Agent: Dora Solis     713-306-4821
UTR Texas Realtors
Date listed on this site: 8/20/2014

Loan Officer: Jim Norris (RMLO #304627)

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5109 Parkcrest La Porte TX 77571
 
26222 BRIGHT DAWN CT
KATY , Texas   77494
$376,000
Agent: Annu Rao Naik     832.606.0676
Coldwell Banker United, Realtors
Date listed on this site: 8/19/2014

Loan Officer: Jim Norris (RMLO #304627)

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26222 BRIGHT DAWN CT KATY Texas 77494
 
434 Naples Terrace
LaMarque , Texas   77568
$172,500
Agent: Ruby Taylor     409-761-0176
UTR-Texas Realtors
Date listed on this site: 8/19/2014

Loan Officer: Jim Norris (RMLO #304627)

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434 Naples Terrace  LaMarque Texas 77568
 
 
Announcements
Title & Date Announcement
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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