Special offer

Mortgage Interest Rates Carrollton Texas

Mortgage and Lending with WR Starkey Mortgage

Mortgage Interest Rates Carrollton Texas

Whether you are looking to purchase or refinance in Carrollton Texas you need to look at the impact  lower mortgage interest rates will have on your new payment.

As reported by all news agencies about this being the lowest that mortgage interest rates have been I strongly urge the clients floating or thinking about refinancing to secure your mortgage interest rate.  These rates will not last, take advantage of them while they are available.


Market Comment - Week of August 30th, 2010

Mortgage bond prices fell slightly last week pushing interest rates higher. Unfortunately the seesaw trading pattern continued with rates rising and falling throughout the week. We started the week with stronger than expected Industrial Production and Capacity Use data pressuring mortgage interest rates higher. Stocks fell mid-week following a shocking 27.2% decline in existing home sales and weaker than expected durable goods orders. This helped us recover some of the earlier losses. Friday was choppy with 1/4 point up and down swings occurring throughout most of the morning. Despite all the volatility we were able to stay relatively flat overall for the week as rates rose by about 1/8 of a discount point.

The employment report Friday will be the most important release this week. Expect more volatility.

Economic Factors

Economic Indicator

Release Date Time

Consensus Estimate


Personal Income and Outlays

Monday, Aug. 30, 2010

Up 0.3%, Up 0.3%,

Important. A measure of consumers' ability to spend. Weakness may lead to lower mortgage rates.

PCE Core Inflation

Monday, Aug. 30, 2010

Up 0.1%

Important. A measure of price increases for all personal consumption. Weaker figure may help rates improve.

Consumer Confidence

Monday, Aug. 30, 2010


Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

ADP Employment

Tuesday, Aug. 31, 2010


Important. An indication of employment. A large decrease in payrolls may bring lower rates.

ISM Index

Tuesday, Aug. 31, 2010


Important. A measure of manufacturer sentiment. Weakness may lead to lower mortgage rates.

Revised Q2 Productivity

Wednesday, Sept. 1, 2010

Down 1.5%

Important. A measure of output per hour. Improvement may lead to lower mortgage rates.

Factory Orders

Wednesday, Sept. 1, 2010

Up 0.5%

Important. A measure of manufacturing sector strength. Weakness may lead to lower rates.


Friday, Sept. 3, 2010

9.6%, Payrolls -120k

Very important. An increase in unemployment or a large decrease in payrolls may bring lower rates.



Productivity is the rate at which goods or services are produced. It is most commonly defined in terms of labor, which is the contribution of people to the process. Labor costs represent about two thirds of the value of the output produced. The Bureau of Labor Statistics of the US Department of Labor releases the most widely cited productivity statistics quarterly and annually. Increased productivity is often credited for economic growth with little signs of inflation.

Productivity is significant in that as it increases, businesses can produce more with the same or less input. This wealth building effect is vital to the US economy. As productivity increases, the US economy generally performs better. As productivity decreases, the economy generally suffers. While the bond market generally favors signs of weakness in the economy, bonds tolerate growth as long as the economic environment shows little or no inflationary pressures. Keep in mind that rates remain very favorable. Now is a great time to avoid the uncertainty surrounding continued market volatility.

Posted by

Glenn Colley, Loan Officer                                                                                                         




NMLS #2146    

Views and opinions expressed on this site are not necessarily those of WR Starkey Mortgage