Main Street Mortgage Co

Information may not be reliable

What Happened to Rates Last Week:
Mortgage backed securities (MBS) lost -147 basis points last week causing 30 year fixed rates to increase from the previous week. The sell-off in mortgage backed securities started with much weaker than anticipated demand for the U.S. 10 year and 30 year Treasury auction. We had our second straight week of positive economic data with stronger than expected Initial Jobless Claims, Consumer Sentiment and Wholesale Inventories which also pressured MBS pricing.
Consumers Point to Stronger Housing:
Consumers drive the housing market. So when we see improvement in consumer behavior, it paints a prettier picture for housing.

Retail Sales rose more than expected in October to post their largest gain in seven months. The Commerce Department reported that total Retail Sales increased 1.2% which is the biggest increase since March. They also upwardly revised last month's data.

This report follows the much better than expected Consumer Sentiment report published by Reuters/University of Michigan. They reported that their preliminary consumer sentiment index jumped to a reading of 69.3 in November compared to 67.7 the month prior, putting in on track to be the best results since June. The release beat out analysts´expectations of 69.0.

Both of these reports show that consumers are back on track and coupled with very low mortgage rates could lead to more demand in housing.

Main Street Mortgage Company continually monitors trading in the Mortgage Backed Securities (MBS) market in order to advise our clients on both current rates and the trend for rates in the future

Houston Texas Mortgage Rates for Fixed and Adjustable Rate Loans

Welcome to The Best Place to get Your Next Home Loan -
MAIN STREET MORTGAGE COMPANY
Why come to Main Street?
We are a trusted mortgage loan advisor with experience and honest personal service for your largest financial investment - your home.
We combine old fashioned values with current technology to give you the service you deserve - matching Main Street values with Wall Street technology to service our clients
Experience - Main Street has been originating mortgage loans in Houston and across Texas since 1996
CONTACT US TODAY TO DISCUSS YOUR FINANCING NEEDS
Toll Free (877) 264-0924

Maximum 80% Financing Available
Attractive Options for 1-2 year Lot Financing + 12 Month Construction Financing for High Net Worth Borrowers

MSMC Now Offers Jumbo Loans from 4 different Underwriters
Portfolio Guidelines and Standard Guidelines
Purchase financing with 90% to $500,000 and NO PMI
Refinance and Purchase with 80% to $1,500,000
30,20 & 15 Year Fixed Rates
Lower Rates on 3.1, 5.1, 7.1 and 10.1 ARM

Houston Texas Mortgage Company since 1997
Originating Mortgage Loans in Houston, Galveston and across Texas
All loans processed in- house at our Houston Texas Mortgage office for your privacy and security

* Conventional Conforming and Jumbo Mortgage Loans - Fixed, ARMs, Balloons & Interest Only
* Lot Loans available
* Construction financing - Stand Alone and One Time Close
* Texas Home Equity Loans and Home Improvement Loans

Hear what our Clients Say:
"Very smooth and easy process - knowledgable" S. Reeves
"Great Job! Very user friendly. Great Service" T. Raynor
"Paul was great to work with! Made buying my first home very easy" J. LeGrand
"Thanks Paul- You anticipated all our needs" S. Yeatts
"Great Job - Thanks for all of your help" J. Young
THE HIGHEST COMPLIMENT THAT WE CAN RECEIVE IS A REFERRAL FROM OUR CLIENTS, BUSINESS PARTNERS AND FRIENDS . . . THANK YOU FOR YOUR BUSINESS !

RESIDENTIAL LOT LOAN PROGRAM
Purchase financing for a residential lot to be a future Primary Residence or Vacation Home
If you are seeking a Lot Loan in Texas, You need to contact our office to explore your options. We work with several different underwriters with several different financing options.
MSMC offers a variety of residential lot loan programs to meet your specific needs. Lot Loan Rates vary by the amount of down payment, length of term and the individual's credit and income qualifications