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Daily Market Watch for Monday, September 25, 2017 (Courtesy of Larry Baer and Market Alert )
Short Term Trend (5 days or less): Favors steady to slightly lower rates and fractionally higher prices.
Long Term Trend (6 days or more): Favors steady rates and 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:

Trading activity in the mortgage market today is exceptionally slow. Last Friday’s threat from North Korea to test a hydrogen bomb in the Pacific Ocean continues to provide a little “flight-to-quality” lift to the forward-looking prospects for steady to perhaps fractionally lower mortgage interest rates.

Uncle Sam will be in the credit markets this week Tuesday through Thursday conducting a three-part Treasury debt auction.

First up on the block Tuesday will be $28 billion of 2-year notes followed on Wednesday by $34 billion of 5-year notes. The auction series will wrap-up on Thursday afternoon with the sale of $28 billion of 7-year notes. Since the first week or so of this month yields have climbed to levels that will likely be deemed very attractive to a broad array of market participants. If so, the upcoming Treasury debt auctions should prove to be supportive of the prospects for steady to perhaps fractionally lower mortgage interest rates.

In terms of economic data investors will get a look at the August New Home Sales figures on Tuesday, August Durable Goods Orders on Wednesday, and the final “guesstimate” of Q2 Gross Domestic Product on Thursday. These reports are not expected to influence the current trend of mortgage interest rates one way or the other. The same cannot be said for Friday’s August Personal Income and Spending Report.

Buried within the Income and Spending data is the Fed’s preferred gauge of inflation pressure at the consumer level – the personal consumption expenditure index. The majority of economists currently expect this measure to show inflation on Main Street USA ticked up 0.2% in August from the month earlier level. The projected gain is already well priced into the mortgage market. In the off chance this measure of inflation at the consumer level registered a 0.3% increase, as a minority of economists believe it will, look for mortgage investors to respond by nudging mortgage interest rates higher before the end of the day on Friday. Heads up.
 
Commentary and Chart Courtesy of Larry Baer and Market Alert

Recent Additions to The Sweetwater Real Estate Page View The Sweetwater Real Estate Page
16314 Leamington Ln.
Houston , TX   77095
$169,000
Agent: Sheila Joplin     (281)236-4555
Better Homes and Gardens Real Estate Gary Greene
Date listed on this site: 8/17/2017

Loan Officer: Jim Norris (RMLO #304627)

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16314 Leamington Ln. Houston TX 77095
 
5906 BIRDWOOD RD.
HOUSTON , TX.   77074
$259,000
Agent: JANIE Y LEE     832.677.5899
REALTY ASSOCIATES
Date listed on this site: 8/9/2017

Loan Officer: Jim Norris (RMLO #304627)

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5906 BIRDWOOD RD. HOUSTON TX. 77074
 
8618 Hot Springs Dr.
Houston , TX   77095
$249,900
Agent: Sheila Joplin     (281)236-4555
Better Homes and Gardens Real Estate Gary Greene
Date listed on this site: 7/5/2017

Loan Officer: Jim Norris (RMLO #304627)

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8618 Hot Springs Dr. Houston TX 77095
 
 
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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 Norris - 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:Ellen 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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