|
|
SHORT-TERM TREND (5 days or less). Favors lower rates and higher prices.
LONG-TERM TREND (6 days or more) Favors lower rates and higher prices. |
| |
Commentary: Euro-zone finance officials are voicing optimism this morning that a deal to avert a Greek debt default is imminent. The rumor mill is buzzing with chatter that an agreement between the Greek government and its private creditors will be complete within days. The "so what" factor here is pretty straightforward. Massive amounts of capital have fled the multi-year crisis in the euro-zone and have poured into safe-haven assets like U.S. dollar-denominated Treasury debt obligations and mortgage-backed securities. The good news part of the story is all this capital has helped push mortgage interest rates here at home to historical lows. The bad news part of the story is once the financial threat begins to diminish in Europe -- capital parked in safe haven investments will likely begin to look for higher yielding opportunities elsewhere. Once the process starts one of the significant supports behind the move to record low mortgage interest rates here in the U.S. will slowly begin to fade. I will continue to keep you posted on this developing story.
According to Commerce Department statisticians, the US economy grew at its fastest pace in 1 1/2 years in the fourth quarter of 2011. Fourth-quarter gross domestic product, a measure of the value of all goods and services produced within the country, grew at a 2.8% annual rate. The growth marked a sharp acceleration from the previous three months pace and it was the quickest since the second quarter of 2010. Mortgage investors largely shrugged this report off since most of the big jump in growth was due to inventory accumulation. Most economists expect companies to cut back on inventories in the first three months of 2012. If this assessment proves accurate, overall economic growth in the first three months of 2012 will likely slow noticeably and upward pressures on mortgage interest rates will remain modest.
Looking ahead to the coming week -- Monday’s Personal Income and Spending Figures for December together with Wednesday's Institute of Supply Management's Manufacturing Index will be the warm-up act before January Nonfarm Payroll figures take center stage on Friday morning. There is a growing chance that one or any combination of these reports may prove stronger than the market now expects. If so, the surprise has potential to put some upside pressure on the current level of mortgage interest rates. It has been my experience that one of the easiest ways to make money in this business -- is not to lose it to start with. Be very attentive to your pipeline risk management strategies over the next five business days. |
| |
Commentary and Chart Courtesy of Larry Baer and Market Alert
|
8215 Redchurch Dr
Spring
,
TX 77379
$285,000
Agent: Enedelia (Nelly) Pezeshki 7133972888
Houston Properties & Investments
Date listed on this site: 1/23/2012
Loan Officer: Jim Norris (RMLO #304627)
View Web Site View Flyer
|
 |
| |
3603 Clover Valley Dr
Kingwood
,
Texas 77345
$224,900
Agent: Terri & Bob Blewett 281-812-8253
Keller Williams
Date listed on this site: 1/23/2012
Loan Officer: Jim Norris (RMLO #304627)
View Web Site View Flyer
|
 |
| |
17792 E Loop Rd
Conroe
,
TX 77384
$499,900
Agent: Richard Wall 713-553-1331
Keller Williams
Date listed on this site: 1/23/2012
Loan Officer: Houston Loan Officer (RMLO #304627)
View Web Site View Flyer
|
 |
| |
1929 Florida
SEABROOK
,
TX 77586
$159,000
Agent: Kenneth Tuggle, ABR, CRS, CDPE, IRES Certified RE/MAX Hall of Fame 713.703.7031
RE/MAX
Date listed on this site: 1/23/2012
Loan Officer: Elle Roloff-Norris (RMLO #304630)
View Web Site View Flyer
|
 |
| |
223 Barkley Dr
Hickory Creek
,
TX 75065
$289,900
Agent: Eli Cohen (972)509-7100
Seeto Realty
Date listed on this site: 1/19/2012
Loan Officer: Jim Norris (RMLO #304627)
View Web Site View Flyer
|
 |
| |
606 ELTON ST
HOUSTON
,
Texas 77034
$135,000
Agent: Kenneth Tuggle, ABR, CRS, CDPE, IRES Certified RE/MAX Hall of Fame 713.703.7031
RE/MAX
Date listed on this site: 1/18/2012
Loan Officer: Elle Roloff-Norris (RMLO #304630)
View Web Site View Flyer
|
 |
| |
17414 N. Riata Lake Dr.
Cypress
,
TX 77433
$235,000
Agent: Sheila Joplin (832)559-1112
Texas Sage Properties
Date listed on this site: 1/17/2012
Loan Officer: Houston Loan Officer (RMLO #304627)
View Web Site View Flyer
|
 |
| |
2311 Fort Worth Highway
Weatherford
,
tx 76087
$476,000
Agent: Marsha Holder 817 528-2063
DFW Fine Properties
Date listed on this site: 1/17/2012
Loan Officer: Jim Norris (RMLO #304627)
View Web Site View Flyer
|
 |
| |
|
| Title
& Date |
Announcement |
The BBB awarded Sweetwater the Gold Star Award for 2011!
2/23/2011 |
The BBB awarded Sweetwater the Gold Star Award for the 4th time in 5 years. The Gold Star is awarded to companies who have shown
outstanding customer service for three consecutive years. |
Condo Financing
11/17/2009 |
Ask about our great financing for non-warrantable condos! We are the condo experts! |
|
|
|