After a couple days of low rates, we in the mortgage “circle” were hoping for the January Retail Sales Data report to come back negative…again, it’s not good for the economy for negative reports, but for interest rates it might have helped. The expectations were a fall of .3% and it increased by 1%. Right off, that might lead us to believe that we would definitely see an increase in rates today. On the other hand, there was quite a bit of momentum in a bettering market towards the end of the day yesterday, and we have hope at the most, that rates at least stalemate today and don’t go up.
Helping Families Find Home Loans
Texas Recovery Fund Notice
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER 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 MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY 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 HTTP://WWW.SML.TEXAS.GOV.
Brad Lynch, RMLO, (NMLS #206799) is a representative of Mason McDuffie Mortgage Corporation (NMLS #1141). Mason McDuffie Mortgage Corporation is a registered trade name of Mason McDuffie Mortgage Corporation. Equal Housing Opportunity.
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