Kim Clinton

Turbo Realty of Texas
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Sweetwater Mortgage Weekly Rate Sheet & Market Watch

February 10th, 2011

Rate Sheet for Tuesday, February 8, 2011

Rates Last Updated on 2/8/11, 9:30 AM CST

Loan Program Interest Rate Lock Period Max LTV Credit Score APR*
95% LTV 30 Year Fixed 5.000% 30 95% 680 5.093%
95% LTV 20 Year Fixed 4.875% 30 95% 680 5.001%
95% LTV 15 Year Fixed 4.375% 30 95% 680 0.125%
95% LTV 5/1 LIBOR ARM 3.500% 30 95% 680 3.585%
96.50% LTV FHA 30 Year Fixed 5.000% 30 96.5% 640 5.106%
96.50% LTV FHA 15 Year Fixed 4.250% 30 96.5% 640 4.430%
100% LTV VA 30 Year Fixed 5.000% 30 100% 600 5.106%

*The APR is an estimate which does not include interim interest and is based on an average loan amount of $212,500.  Rates and terms are subject to change at any time based on various conditions such as market conditions, loan size, property type, credit rating, occupancy type, etc.

Sample of our “state of the art” Mortgage Offers and Pre-Approval Letters!

Daily Market Watch for Tuesday, February 8, 2011 (Courtesy of Larry Baer and Market Alert )

15-Minute Daily Chart of the Fannie Mae 5.0% - 30 Year from

Commentary: The credit markets are bracing for this afternoon’s $32 billion 3-year note sale. Nervousness over rising commodity prices, worries that the Fed may be acting too slow to curb inflation pressures and the compounding effects of $10 to $15 billion of higher yielding corporate bonds on the auction block this week are all serving to push mortgage interest rates fractionally higher in the day’s early going. That’s the bad news. The good news is that the relatively short duration of these three-year notes together with a yield at its highest level in six months should combine to draw a reasonably strong bid from investors. If so, this event will likely prove to be supportive of steady mortgage interest rates. In order to push mortgage interest rates fractionally lower today — the three-year note auction will need to draw blockbuster demand. While such an outcome is certainly possible – it is not very probable. I’ll provide today’s auction result on my website as soon as bidding concludes at 1:00 p.m. ET.

Sweetwater now has in-house underwriting on Purchase, Primary Residence transactions! This will dramatically improve underwriting turntimes!
We have added Texas Homeplace Mortgage as a division of Sweetwater Mortgage. Texas Homeplace will serve as our ‘small town’ mortgage division with our first branch opening in Brenham, Texas August 2010.
The TDSML gave Sweetwater the highest possible Compliance Rating of a “1” on our recent audit! According to the TDSML, a Compliance Rating of a “1” means “A mortgage broker in this category is in a strong compliance position”.
Ask about our great financing for non-warrantable condos! We are the condo experts!
For More Information, Please Call: Elle Roloff-Norris (RMLO #304630)
281-970-1082 ext 2


Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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Turbo Realty of Texas
1334 Brittmore Rd. Ste B, Houston, TX 77043   Get Directions
Phone: (713) 692-7777
Fax: (713) 583-1382
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