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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. |
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Commentary: Employers cut 62,000 workers from their payrolls last month – almost dead-on with most economists’ expectation. The national jobless rate edged higher to 5.5% from May’s 5.4% reading. Average hourly earnings improved 0.3% -- but on a year-over-year basis hourly earnings remain well below levels that would cause even the most conservative knee-knocking analysts to fret about inflationary implications.
A separate report this morning showed that initial claims for unemployment benefits rose by 16,000 during the week ended June 28th. Most market participants tend to discount some of the jobless claims data this time of year because of the impact of automakers furloughing workers as production lines are reconfigured for the new model year.
The Institute of Supply Management also released their Service Sector index today. The service sector represents about 80% of all domestic economic activity, including businesses such as banks, airlines, hotels and restaurants. The ISM’s June Service Sector index shrank to a reading of 48.2 from the May mark of 51.7. Contraction in the service sector is just one more piece of anecdotal evidence that shows while the economy is still on its feet – it is staggering badly.
The economic calendar next week will be dominated by a few second tier economic reports like Tuesday’s May Pending Home Sales figures and the Wholesale Inventory report for May. With so little to “chew-on” -- look for mortgage investors to take their directional cues from trading in the stock markets. Higher stock prices will tend to drag mortgage interest rates higher while lower stock prices will probably support steady to perhaps fractionally lower note rates. |
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9204 Westwood Village Dr
Houston, TX
$79,900
Claudio Andrade 713-252-5604 Cell
Home Team of America
Date listed on this site: 7/4/2008
View Web Site View Flyer |
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5331 Plantation Colony Dr
Sugar Land, Texas
$238,000
Claudio Andrade 713-252-5604 Cell
Home Team of America
Date listed on this site: 7/4/2008
View Web Site View Flyer |
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11115 NEPAU DR
HOUSTON, Texas
$111,900
Claudio Andrade 713-252-5604 Cell
Home Team of America
Date listed on this site: 7/4/2008
View Web Site View Flyer |
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16230 CAVENDISH CT
HOUSTON, Texas
$154,900
Adam Mendoza 2818149657
United Texas Realtors
Date listed on this site: 7/4/2008
View Web Site View Flyer |
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21122 STONEY HAVEN DR
KATY, Texas
$134,000
Lisa Lozano-Hill (281)213-6200
Re/Max Realty Center
Date listed on this site: 7/3/2008
View Web Site View Flyer |
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3602 Sardis
Houston , Tx
$119,900
Delis Ventura 713-263-8813
Latinos Unidos Realty
Date listed on this site: 7/2/2008
View Web Site View Flyer |
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1308 Cheyenne Rd
Lewisville, TX
$189,900
Eddie Elizardo 972-691-7600
Owen Real Estate Group
Date listed on this site: 7/2/2008
View Web Site View Flyer |
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5700 Jamboree Ct.
Austin, TX
$243,992
Mike Hardin 512-483-6000, x5925
Prudential-Texas Realty
Date listed on this site: 7/2/2008
View Web Site View Flyer |
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& 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
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Dallas:Dallas Loan Officer (TX Broker #2525)
(866) 717-4556 Toll Free
Email:sweetwater@sweetwatermortgage.com
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San Antonio:San Antonio Loan Officer(TXBroker #2525)
(210) 807-7285
(866) 717-4556 Toll Free
Email:sweetwater@sweetwatermortgage.com
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Austin:Austin Loan Officer (TX Broker #2525)
(866) 717-4556 Toll Free
Email:sweetwater@sweetwatermortgage.com
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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
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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
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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
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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
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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
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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
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Austin:Lori Hughes (Tx LO#70809)
908 Town & Country Blvd #120
Houston, Tx 77024
(866) 717-4556 ext 9
Email:lori@sweetwatermortgage.com
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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
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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
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