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NO CLOSING COST Options available for all loans!!!

866-445-3765

CALL TODAY

24/7 

SMART LOANS FOR

SMART PEOPLE

Stay Connected:

facebook twitter cast

 

INTEREST RATES

Rates fluctuate on a daily basis, sometimes even hourly, click here to see our current rates or simply request your rate

 

INTEREST RATES

Rates fluctuate on a daily basis, sometimes even hourly, click here to see our current rates or simply request your rate

Market Commentary

Updated on August 11, 2017 10:12:30 AM EDT

Yesterday’s 30-year Treasury Bond auction went pretty smoothly with some of the benchmarks pointing towards a strong demand for the securities. This helped boost bonds a bit during afternoon trading, but I don’t believe we saw many lenders improve pricing as a result. They likely waited to see this morning’s data before reacting.

Julys Consumer Price Index (CPI) was today’s only relevant economic data. The 8:30 AM ET release showed a 0.1% increase in both the overall and core readings. Analysts were expecting to see a 0.2% rise in both, making the data favorable as it indicates inflationary pressures at the consumer level of the economy were softer than many had thought.

Next week brings us the release of several economic reports that may influence mortgage rates, including one very important measurement of consumer spending. In addition to those reports, we also will get the minutes from the most recent FOMC meeting. Monday has none of these events scheduled, so we can expect weekend news, particularly geopolitical military talk, to drive the markets and mortgage rates as the new week begins. Look for details on next week’s activities in Sunday evening’s weekly preview.

 ©Mortgage Commentary 2017

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Mortgage Loans Austin - Reliability Program    Mortgage Loans Austin
State Licencing
Branch of RLM Mortgage LLC, NMLS ID #289446 Mortgage Company License
Sonny Baker, Branch Manager, NMLS ID# 307828
Complaints regarding mortgage bankers should be sent to the Texas Dept. of Savings and Mortgage Lending,
2601 N. Lamar, Suite 201, Austin, TX 78705. A toll-free consumer hotline is available at 1-877-276-5550.

Figure: 7 TAC 80.200(b) "Consumers wishing to file a complain against a company or a residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department's website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550.

 

The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recover fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the Recovery Fund, please consult the department's website at www.sml.texas.gov."
 

 

 
Mortgage Loans Austin - Reliability Program    Mortgage Loans Austin
State Licencing
Branch of RLM Mortgage LLC, NMLS ID #289446 Mortgage Company License
Sonny Baker, Branch Manager, NMLS ID# 307828
Complaints regarding mortgage bankers should be sent to the Texas Dept. of Savings and Mortgage Lending,
2601 N. Lamar, Suite 201, Austin, TX 78705. A toll-free consumer hotline is available at 1-877-276-5550.

Figure: 7 TAC 80.200(b) "Consumers wishing to file a complain against a company or a residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department's website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550.

 

The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recover fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the Recovery Fund, please consult the department's website at www.sml.texas.gov."
 

 

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