Robert Torres - Mortgage Loan Officer - NMLS# 2303989

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Houston, TX
Robert Torres - Mortgage Loan Officer - NMLS# 2303989

Loan Officer with Network Funding, LP. Co NMLS 2297, Equal Housing Lender | MLO NMLS 2303989

01/01/2024

Happy New Year!! From our family to yours, we hope 2024 is filled with joy and exciting new adventures for you and your loved ones!

12/31/2023

Happy New Years Eve everyone! Enjoy the start of 2024 and be safe!

12/30/2023

Looking for that dream home today? Make sure you're pre-qualified for the home you're looking for! Our SIMPL app makes it all... well, simple! *Not all borrowers will qualify. This is not a promise to make a loan.

12/29/2023

Today is very quiet and not much activity with bond pricing being close to flat today. We have seen some investors pull back today because of early market close.

Uncertainty remains as investors are hopeful that the Fed can guide the market in for a soft landing and avoid a recession even as rates remain elevated.

The bond market will close early Today and remain closed Monday in honor of New Years. Jobs will come front and center the first week of the year with U.S. Job openings, initial jobless claims, ADP, and the unemployment report all squeezed into a shortened first week. Many remain hopeful that cuts may come as early as March, but some Fed officials have hinted that it could be May before we see a cut.

The Fed implemented 11 rate hikes in the latest monetary policy cycle starting in March of 2022. For a look back down memory lane, enjoy the chart below showing the Fed’s interest rate hikes over the last cycle. Let’s all hope for a reversal as we turn the page on a New Year! Mortgage rates are under slight upward pressure this morning all else constant.

12/28/2023

Have you heard the that your bank will give you the best mortgage rates available?

Truth is banks are only one type of mortgage lender. Others include credit unions and private lenders. Rates aren’t the same across the board, and service can vary widely.

Want to get more mortgage knowledge? Get in touch!

12/27/2023

Thanks to all our amazing customers. If you're looking for a lender for a purchase or refi, call us. One of our core values is reliability, and making sure we get the job done right and on time is our priority!*

This is a review submitted for Network Funding, LP. Original borrower review is published at https://www.facebook.com/networkfunding/reviews/. Some edits may be made to review posts for clarity or to correct errors.

12/26/2023

Ever wondered about the mortgage term 'cap'?🏡💡It's all about setting limits! Let's explore it together. Stay tuned for more ⬆️💰🔒 "

12/25/2023

"For unto you is born this day in the city of David a Savior, who is Christ the Lord." - Luke 2:11

12/24/2023

Spreading love and cheer from our family to yours! 🎅🏼🎄✨ Wishing you all a warm and wonder-filled Christmas Eve. Stay cozy and remember - the best gifts are the loved ones around the tree.

12/22/2023

With little significant economic news, mortgage markets were relatively quiet this week. The major inflation data was a bit weaker than expected, but its impact was minor, and rates ended the week nearly unchanged.

In November, core PCE was up 3.2% from a year ago, a little below the consensus forecast. This was down from an annual rate of 3.4% last month and the lowest level since March 2021. While still moving in the right direction, it remains above the Fed's target of 2.0%.

After falling to the slowest pace since 2010 last month, sales of existing homes in November rose a little from October but still were 7% lower than last year at this time. Inventory levels remain stuck near historic lows, standing at just a 3.5-month supply nationally, far below the 6-month supply typical in a balanced market. The median existing-home price of $387,600 was 4% higher than last year at this time. Since average mortgage rates in December have been significantly lower than in November, sales activity is likely to show greater improvement in the next report.

In November, single-family housing starts increased 18% from October to the highest level since April 2022 and were 42% higher than a year ago. Single-family building permits rose to the best level since May 2022. In addition, a separate survey of home builder sentiment on housing market conditions from the NAHB jumped from 34 to 37, snapping a four-month decline.

Investors will continue to watch for Fed officials to elaborate on their plans for future monetary policy. No major economic reports will be released during the final week of the year. The ISM national manufacturing index will come out on January 3 and the national services index on January 5. The key Employment report will also be released on January 5, and these figures will be some of the most highly anticipated economic data of the month. Mortgage markets will close early on December 22 and December 29. The next Fed meeting will be on Jan 30-31.

12/21/2023

Knocking on the red door of mortgage facts today! 🏡 Did you know that red doors symbolize a mortgage-free home in Scotland? Dive into the vibrant hues of financial freedom with us ❤️🚪

Address

1334 Brittmoore Road
Houston, TX
77043

Telephone

+18328198376

Website

http://nflp.com/roberttorres

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