Texas Premier Mortgage - Rate Alert: All in all not bad for the week while the 10 year has been trending upward. Rates still holding in the 4's for a 30 and 3's for a 15 (purchase/excellent credit)! Looking to purchase? Call me to discuss options and get your pre-approval 281-907-6401 x100!

Yesterday interest rate markets improved, the 10 fell 4 bps to 2.70% and 30 yr MBS prices gained 35 bps in price. This morning no follow-through early; the rate markets remain range bound within an extremely narrow range, no direction but the outlook is a little better. The 10 opened at 2.71%, at 10:15 2.69% -1 bp

Consumer Confidence 78.1 vs est 80.0 - this is positive for rates and pricing this morning.

Last week Fannie Mae reported record earnings in 2013 and also paid back all of the bailout money owed to the Treasury. Fannie continues to make monster profits even with the refinance slow down.

Headline PPI was 0.2 vs est 0.1, this is generally a slight negative for pricing but there is a new methodology that has to be reconciled. Core PPI was also 0.2%. Housing Permits were 937K vs est 980K Housing Starts 880K vs est 950K but the prior period was revised upward significantly. Overall, this is a mixed bag for pricing

Texas Premier Mortgage - Mortgage Blog - The Woodlands, Texas: 2/18/2014

Texas Premier Mortgage - Mortgage Blog - The Woodlands, Texas: 2/18/2014: The Home Builders Sentiment Index was much weaker than expected. The market was looking for a reading around 56 but it came in at 46. A rea...

2/18/2014

The Home Builders Sentiment Index was much weaker than expected. The market was looking for a reading around 56 but it came in at 46. A reading of 50 is considered par, so this is a very weak reading.

President's Day

Due to President’s Day, the lock desk will be closed.  Most other departments are open, however will be short staffed.  See below for operation contact info.  As always, Thank you for your business!