Sweetwater Mortgage Company and Texas Homeplace Mortgage Company
Experienced Strong Trustworthy
Complimentary Websites
Listing Agents
Sign Up to Make or Receive Websites and Open House Flyers for Your Listings

 Sweetwater Mortgage BBB Business Review

 
Weekly Rate Sheet and Market Watch
Real Estate Agents
Sign Up to Receive Weekly Rate Sheet and Market Watch
 
 
Customer Tools
Free Pre-Approval
The Real Estate Page
Loan Status
Loan Application
Testimonies
Texas Homeplace

Loan Officers Mission Statement
Awards
Privacy Policy
Daily Market Watch for Wednesday, October 22, 2014 (Courtesy of Larry Baer and Market Alert )
SHORT-TERM TREND (5 days or less). Favors lower rates and higher prices.
LONG-TERM TREND (6 days or more) Tilted in favor of lower rates and higher 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: Earlier this morning Labor Department announced the September Consumer Price Index (a statistical “guesstimate” of the changes in the price level of a market basket of consumer goods and services ranging from food and shelter to medical care typically purchased by households) rose 0.1%, bouncing back from a 0.2% decline in August.



The core rate of inflation (a value stripped of the more volatile food and energy components) posted a modest 0.1% gain as well.



Inflation pressures remain exceptionally benign as headline and core inflation on Main Street USA increased just 1.7% over the past 12 months – good news for the prospects of steady to fractionally lower mortgage interest rates.



As they do every Wednesday, the Mortgage Bankers of America have released their mortgage application survey figures for the week ended October 17th. The composite index rose by 11.6%. Refinance requests surged 23.3% higher, while purchase money activity fell 4.8%.



On a four-week moving average basis, refinance activity has increased by 11.8% over the past month and is higher by 0.8% from one year earlier. Purchase application demand has advanced by 1.7% over the past month but remains 3.6% below the year-ago mark.



For the week ended October 17th, refinance applications accounted for 65% of all mortgage loan app activity.



The contract rate for 30-year conforming mortgages fell by 10 basis-points to 4.10%. The interest rate is 29 basis-points lower from four-weeks ago and 29 basis-points below where it was this time last year.



As we have experienced over the past couple of months, when the economic news is thin or non-existent – trading action in the equity markets tends to exert a strong influence on the trend trajectory of mortgage rates.



Generally speaking, rising stock prices tend to drag mortgage interest rates higher while falling stock prices are supportive of steady to fractionally lower mortgage interest rates.



As I first mentioned in this space on Monday – my TrueCast™ models are flashing signals suggesting the rally that developed in the stock markets last Friday will likely run out of upward momentum this week. The strength of the rally so far has invalidated my model’s original projected price target for something in the 16,400 to 16,500 range (as I write, the Dow is trading at 16,623).



Even so, my probability bias models are indicating there is a 9-out-of-10 chance a price high for the Dow will be set over the course of the next five (5) business days with an amended price target between 16,600 and 16,780.



Given the ensuing sell-off does not push the Dow meaningfully below last week Thursday’s intraday low of 15,855 -- the Dow will be in position to experience a stuttering upward move back towards the 17,200 level.



My timing models are suggesting the Dow may not reach the projected upward price target until at least mid-November.



The core “so what” message to be derived from all this stock market mumbo-jumbo is this -- the powerful rally that has dominated the mortgage market since mid-September is very likely in its waning days.



I’m not saying mortgage interest rates can’t/won’t move fractionally lower from current levels. I am simply making sure you are aware a rising stock market will provide a very strong indication mortgage interest rates are on their way to progressively higher levels.
 
Commentary and Chart Courtesy of Larry Baer and Market Alert

Recent Additions to The Sweetwater Real Estate Page View The Sweetwater Real Estate Page
26103 Knights Tower Ct
Kingwood , TX   77339
$249,900
Agent: Terri & Bob Blewett     281-812-8254
Keller Williams
Date listed on this site: 10/20/2014

Loan Officer: Jim Norris (RMLO #304627)

View Web Site     View Flyer

26103 Knights Tower Ct Kingwood TX 77339
 
18892 Harbor Side Blvd
Montgomery , TX   77356
$460,000
Agent: Terri & Bob Blewett     281-812-8254
Keller Williams
Date listed on this site: 10/16/2014

Loan Officer: Jim Norris (RMLO #304627)

View Web Site     View Flyer

18892 Harbor Side Blvd Montgomery TX 77356
 
7658 GLEN PRAIRIE
HOUSTON , TX   77061
$240,000
Agent: Nicole Ford     (832) 295-1432
Real Estate Options of Texas, LLC
Date listed on this site: 10/9/2014

Loan Officer: Houston Loan Officer (RMLO #304627)

View Web Site     View Flyer

7658 GLEN PRAIRIE HOUSTON TX 77061
 
738 Northridge Terrace Ln
Spring , Texas   77373
$194,900
Agent: Tracey Richardson     2817065938
TRichardson Realtors
Date listed on this site: 10/6/2014

Loan Officer: Jim Norris (RMLO #304627)

View Web Site     View Flyer

738 Northridge Terrace Ln Spring Texas 77373
 
20511 S Providence Point
Katy , Texas   77449
$149,900
Agent: Josephine Bruno     281-702-4856
Realty Associates
Date listed on this site: 10/4/2014

Loan Officer: Jim Norris (RMLO #304627)

View Web Site     View Flyer

20511 S Providence Point Katy Texas 77449
 
5216 W Elkhorn Rd
Las Vegas , Nevada   89131
$449,900
Agent: David Schmidig     (832)888-0004
Nationwide Realty
Date listed on this site: 10/4/2014

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

View Web Site     View Flyer

5216 W Elkhorn Rd Las Vegas Nevada 89131
 
5223 Crystal Bay Dr
Houston , Texas   77084
$155,000
Agent: Dianne deGeurin     (713) 789-9999 x102
DeGeurin Realty, Inc.
Date listed on this site: 10/3/2014

Loan Officer: Houston Loan Officer (RMLO #304627)

View Web Site     View Flyer

5223 Crystal Bay Dr Houston Texas 77084
 
327 Lake dr
Livingston , Texas   77351
$127,000
Agent: Audrey Thomas     281-443-6633
THE JAN JACKSON GROUP
Date listed on this site: 10/1/2014

Loan Officer: Jim Norris (RMLO #304627)

View Web Site     View Flyer

327 Lake dr Livingston Texas 77351
 
 
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
 
 
  
  Designed by ChristWebs Mortgage Broker Recovery Fund and Consumer Complaint Notice Copyright 2003 SweetwaterMortgage
All Rights Reserved