Dallas Texas Mortgage Company (214) 389-4649 or (888) 435-7190 | Free Mortgage Application | Low Rates on VA, FHA, Reverse, and JUMBO Home Mortgages. In Business Since 1993 with an A+ Rating from the BBB!

MBS are up +28bp (FNMA 30-yr 3.0 at 102.97), around 13bp higher than yesterday at this time. Unfavorable repricing took place yesterday. Early investors may have priced at much lower levels.

Much like yesterday, weaker than expected economic data has caused an early rally in MBS. Investors were most concerned by an increase in Weekly Jobless Claims to 360K, far above the consensus of 330K. After three weeks with readings below 350K, investors were disappointed by today's results. April CPI fell 0.4% from March, below the consensus of -0.3%, and it was just 1.1% higher than one year ago. Core CPI, which excludes food and energy, increased 0.1%, below the consensus of 0.2%. Core CPI was 1.7% higher than one year ago. The Dow is up 10 points. Philly Fed will be released at 10:00 et.

The Housing Starts report contained mixed news. April Housing Starts declined 17% from March to 853K, which was far below the consensus of 970K. On the other hand, Building Permits jumped 14% to 1,017K, which was much higher than expected.

Dallas Texas Mortgage Company (214) 389-4649 or (888) 435-7190 | Free Mortgage Application | Low Rates on VA, FHA, Reverse, and JUMBO Home Mortgages. In Business Since 1993 with an A+ Rating from the BBB!

Texas Mortgage News:

Texas Mortgage Rates:

Texas Mortgage Programs - Both Fixed and Adjustable:

Mortgages for Veterans - Where NO Can Be A Good Thing:

No Downpayment Required on a Purchase (100% Home Purchase)

No Money Required at Closing on a Streamline Refinance (IRRRL) 100% LTV

No Income Documentation Required on Some Streamline Refinances

No Funding Fee For Qualified Disabled Veterans

No Appraisal Required on Some Refinance (IRRRL) Programs

FHA - High Debt Ratio | Streamline Refinance Without an Appraisal

USDA - 100% Purchase (must qualify by income and location)

Conventional - Very low rates and fees | No Monthly Mortgage Insurance | Refinance Without Appraisal | HARP 2.0 | Fannie Mae DU+

Reverse (HECM) - No Income Documentation | You Pick Your Monthly Payment (or none) | Must Be 62 to Qualify | FHA Guaranteed

Jumbo - Expanded Guidelines | Up to 90% Loan-to-Value | Up to 50% Debt-to-Income | Interest Only | Texas Jumbo Mortgage Cash Out | No Mortgage Insurance (even over 80%) | 30 Year Fixed Rate

NEW!!! RURAL HOUSING (USDA) STREAMLINE:

NO APPRAISAL | NO INCOME | CALL NOW!

Our Market Area:

We are located in Dallas, TX but we handle Austin, San Antonio, Houston, El Paso, and everywhere else in Texas, Alabama, New Mexico, Arkansas, and Oklahoma.

Mortgage Tip of the Day:

The Texas Jumbo Mortgage is Here!