| |
| |
SHORT-TERM TREND (20 days or less) Favors higher note rates and lower investor prices.
LONG-TERM TREND (21 days or more) Favors higher note rates and lower investor prices. |
| |
Commentary: Mortgage interest rates were dinged this morning after a surprisingly strong reading from the ex. auto component of the April Retail Sales report. Retail sales excluding cars grew 0.5% in April, well ahead of analysts’ expectations for a gain of 0.2% and a nice follow through from a revised 0.4% gain in March. Excluding autos and gasoline, sales rose 0.6%, the best performance for this measure since November. The “so what” factor here is that the April retail sales report is part of a developing body of macro-economic data that points to a growing chance fed policy-makers will soon shift gears from their mortgage market friendly rate-cutting campaign -- and focus more closely on controlling inflation. The mere thought of a possible inflation threat tends to send shudders down the spines of investors – making it difficult, if not impossible, for mortgage interest rates to stage any type of meaningful rally.
Still to come this week in terms of big economic releases is tomorrow morning’s much anticipated consumer price index (8:30 a.m. ET) – a report on the level of consumer inflation during the month of April. Trading activity involving crude oil, the dollar, and the trend trajectory of equity markets will likely become bigger factors in terms of investor rate sheet pricing schemes as the week progresses.
From a technical perspective, keep your fingers crossed – the Fannie Mae 5.5% 30-year mortgage-backed security is probing a strong support trend line that has contained every downward price thrusts since April 18th. If this trend support line is broken (a close below 99.781) there is a good chance the price of the Fannie Mae 5.5% 30-year fixed-rate mortgage-backed security will tumble about 100 basis-points lower before pausing to catch its breath ( lower prices typically push note rates higher). Should the major support line hold – a rally into the 100.938 price range would certainly not be out of the question. It is highly likely we’ll know how all of this turns out by no later than Friday. Heads up. |
| |
715 Apple Hill DR
Allen, Texas
$200,000
Lynda Bates 972-931-9000
Prudential Texas Properties
Date listed on this site: 5/9/2008
View Web Site View Flyer |
 |
| |
2818 Woodcreek Ln
Houston, TX
$174,888
Maluisa Sugay 281-667-8870
RE/MAX Professional Group
Date listed on this site: 5/9/2008
View Web Site View Flyer |
 |
| |
17835 Secon Creek Ln
Humble, TX
$152,880
Maluisa Sugay 281-667-8870
RE/MAX Professional Group
Date listed on this site: 5/8/2008
View Web Site View Flyer |
 |
| |
19847 Cypresswood Estates Run
Spring, TX
$247,888
Maluisa Sugay 281-667-8870
RE/MAX Professional Group
Date listed on this site: 5/8/2008
View Web Site View Flyer |
 |
| |
21823 Willow Downs Dr
Tomball, TX
$135,888
Maluisa Sugay 281-667-8870
RE/MAX Professional Group
Date listed on this site: 5/8/2008
View Web Site View Flyer |
 |
| |
2918 N Ranch Rd 620 N #270
Austin, Texas
$309,000
Phillip D Johnson 512-751-5455
RE/MAX LAKE TRAVIS
Date listed on this site: 5/5/2008
View Web Site View Flyer |
 |
| |
|
| Title
& Date |
Announcement |
TSML Assigns Sweetwater the Highest Possible Compliance Rating!
5/3/2007 |
During a recent 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". |
Houston:Houston Loan Officer (TX Broker #2525)
908 Town & Country Blvd # 120
Houston, Tx 77024
(281) 970-1082
(866) 717-4556 Toll Free
Email:sweetwater@sweetwatermortgage.com
|
Dallas:Dallas Loan Officer (TX Broker #2525)
(866) 717-4556 Toll Free
Email:sweetwater@sweetwatermortgage.com
|
San Antonio:San Antonio Loan Officer(TXBroker #2525)
(210) 807-7285
(866) 717-4556 Toll Free
Email:sweetwater@sweetwatermortgage.com
|
Austin:Austin Loan Officer (TX Broker #2525)
(866) 717-4556 Toll Free
Email:sweetwater@sweetwatermortgage.com
|
Houston:Jim Norris, President (TX Broker #2525)
12010 Miramar Shores Drive
Houston, Tx 77065
(281) 970-1082 ext 1
(866) 717-4556 Toll Free
Email:jim@sweetwatermortgage.com
|
Houston:Gayle Valentine-Hill (Tx LO #6998)
12010 Miramar Shores Drive
Houston, TX 77065
281-970-1082 ext 2
(866) 717-4556 Toll Free
Email:gayle@sweetwatermortgage.com
|
Houston:Elle Roloff (Tx LO#16352)
12010 Miramar Shores Drive
Houston, TX 77065
281-970-1082 ext 3
866-717-4556
Email:elle@sweetwatermortgage.com
|
Houston:Mark Hamilton (Tx LO#40347)
908 Town & Country #120
Houston, Tx 77024
(281) 970-1082 ext 4
(866) 717-4556 Toll Free
Email:mark@sweetwatermortgage.com
|
Houston:Monnie Bond (TX LO #77142)
908 Town & Country #120
Houston, TX 77024
281-970-1082 ext 110
(866) 717-4556 Toll Free
Email:monnie@sweetwatermortgage.com
|
Georgetown/Austin:Michelle Bost (Tx LO#46865)
1102 S. Austin Ave. Suite 106
Georgetown TX 78626
(866) 717-4556 ext 5 Toll Free
(512) 795-4964
Email:michelle@sweetwatermortgage.com
|
Austin:Lori Hughes (Tx LO#70809)
908 Town & Country Blvd #120
Houston, Tx 77024
(281) 970-1082 ext 9
(866) 717-4556 Toll Free
Email:lori@sweetwatermortgage.com
|
Houston:Richard Mixon (TX LO #60199)
908 Town & Country #120
Houston, TX 77024
281-970-1082 ext 6
(866) 717-4556 Toll Free
Email:richard@sweetwatermortgage.com
|
Dallas:Stephanie Parrish (TX LO #72579)
908 Town & Country Blvd #120
Houston, Tx 77024
(281) 970-1082 ext 7
(866) 717-4556 Toll Free
Email:stephanie@sweetwatermortgage.com
|
Houston:Joe Ferris (TX LO #72316)
908 Town & Country Blvd #120
Houston, Tx 77024
(281) 970-1082
(866) 717-4556 Toll Free
Email:joe@sweetwatermortgage.com
|
 |
|
|
|
|
