Ron Sutton
Broker/Owner/GRI

Mike Averill
Real Estate Agent


Holly See
R.E.S


David L. Moore
R.E.S

SUTTON REALTY
Phone: 814-827-8822
Email: suttonrealty@zoominternet.net




Real Estate News
MBS RECAP: Another Quiet Session With a Narrow Range and Decent Gains
Mon, 30 Mar 2015 21:16:10 GMT

Posted To: MBS CommentaryFor MBS, today was substantially similar to Friday, with a narrow but positive trading range and little fanfare surrounding any headline event. That's consistent with the expectation for the first two days of the week, wh..[read more]

Mortgage Rates Slightly Improved Over Weekend
Mon, 30 Mar 2015 19:59:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell moderately to begin the week, but haven't yet returned to recent lows. Even so, the improvement is a relief considering rates had only just begun fighting back against a big move higher that happened ..[read more]

MBS MID-DAY: Holding Gains and Outperforming Treasuries
Mon, 30 Mar 2015 17:14:07 GMT

Posted To: MBS CommentaryThe first two days of this week stand a good chance to see the momentum driven not by the events that transpire, but by the trades that must be made before tomorrow night, regardless of the data. Of course traders can choose ..[read more]

Pending Home Sales Signal Strong Spring Market
Mon, 30 Mar 2015 14:59:16 GMT

Posted To: MND NewsWireContract signings in the Midwest and South in February drove pending home sales to their highest level in nearly two years. The National Association of Realtors® (NAR) said today that its Pending Home Sales Index (PHSI) ros..[read more]

Primer on Servicing's CPR Calculation; MBA Speaks Out
Mon, 30 Mar 2015 13:38:05 GMT

Posted To: Pipeline PressIn like a lion, out like a lamb? Usually folks say that about March's weather, not the economy. But economic data so far in the first quarter have pointed to an economy more like a lamb than a lion. There are a number of fact..[read more]

MBS Day Ahead: Long Term Rally Intact as NFP Approaches
Mon, 30 Mar 2015 11:34:16 GMT

Posted To: MBS CommentaryAs is often the case, this week has the dual distinction of hosting 'month-end' as well as nonfarm payrolls. Until recently, the ECB was almost always holding policy meetings on the Thursday of NFP weeks, thus adding ..[read more]

MBS RECAP: Bonds Catch a Break Heading into Quarter-End and NFP Week
Fri, 27 Mar 2015 20:55:31 GMT

Posted To: MBS CommentaryIt's that time again. Or, at least it will be next Friday. After 2 months in a row of painful NFP reactions in bond markets, the big jobs report is back again. The Fed has probably done some work toward decoupling rate-hi..[read more]

Mortgage Rates Hold Ground As Markets Take a Breather
Fri, 27 Mar 2015 20:21:00 GMT

Posted To: Mortgage Rate WatchMortgage rates had one of their least exciting days of the week today, moving just modestly lower from yesterday's latest levels. The trading range in underlying markets was exceptionally narrow, especially when compared..[read more]

Affordability Falling as Permits Lag Growth
Fri, 27 Mar 2015 18:48:59 GMT

Posted To: MND NewsWireThe old maxim that a household rents only until it can afford to buy a home is apparently being stood on its head in a lot of housing markets. A study published on Friday by Zillow says that "rental affordability is as bad as i..[read more]

MBS MID-DAY: Bonds Taking a Break from Volatility, Especially MBS
Fri, 27 Mar 2015 17:05:09 GMT

Posted To: MBS CommentaryWith the exception of only a few trades during a few minutes, Fannie 3.0 MBS prices have remained in a range of 101-28 to 101-29 this morning. That's super narrow! It's already resulting in a few "stability reprices" ..[read more]

More Agency Updates; Why Bank M&A is Expected to Continue in 2015
Fri, 27 Mar 2015 14:35:50 GMT

Posted To: Pipeline PressI love it when I receive an e-mail warning me, "You've had unusual and suspicious activity on your American Express Card." I don't have an American Express Card. Think your IT's security is up to speed? Think again - this e-m..[read more]

MBS Day Ahead: Is Today's GDP Reading Important?
Fri, 27 Mar 2015 11:34:00 GMT

Posted To: MBS CommentaryThere's been a lot of talk about GDP recently, but it's important to keep in mind that most of it has to do revised GDP estimates for the first quarter of 2015 due to some recently weak economic data. The thing being reported..[read more]

MBS RECAP: Another Day With Multiple Negative Reprices
Thu, 26 Mar 2015 20:51:38 GMT

Posted To: MBS CommentaryEver since bond markets failed to respond positively to yesterday morning's exceptionally weak Durable Goods report, things have been almost exclusively negative . That anomaly provided a clue that has since been convinci..[read more]

Mortgage Rates Increase Rapidly
Thu, 26 Mar 2015 19:51:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose rapidly today, almost completely erasing the improvement following last week's Fed Announcement. This is especially ironic considering most major media outlets are running Freddie Mac's weekly mortgag..[read more]

Monumental Shift Toward Non-Bank Servicing. Does it Matter?
Thu, 26 Mar 2015 16:28:29 GMT

Posted To: MND NewsWireIn the past five years there has been a monumental shift in mortgage loan servicing. Bank servicing subsidiaries, which once dominated in the market, no longer even constitute a majority of companies servicing Ginnie Mae mortga..[read more]

Home Price Plateau Possible in Areas Where Wages Can't Keep Up
Thu, 26 Mar 2015 16:13:01 GMT

Posted To: MND NewsWireWhile a study released on Thursday by RealtyTrac shows a huge discrepancy between the growth in home prices and increasing wages, it appears that housing in most of the country remains affordable. The California company looked ..[read more]

MBS MID-DAY: Bond Buyers on Strike for 2nd Straight Day
Thu, 26 Mar 2015 16:02:00 GMT

Posted To: MBS CommentaryIt's been a strange week for domestic bond markets so far. Just 2 short days ago, bonds were rallying with a seeming disregard for negative cues from related markets and data. Now, as of yesterday, the opposite is true as..[read more]

Agency Changes; Self-Employed Borrowers; Wells Layoffs; Training and Events
Thu, 26 Mar 2015 14:20:07 GMT

Posted To: Pipeline Press"ADT Security left a business card in my door. Their marketing would be much more effective if I found it inside my house." As I continue my time at the MBA and STRATMOR Peer Group Roundtables, learning what is effective, the..[read more]

MBS Day Ahead: Cause for Concern, but Nowhere Near Abandoning Hope
Thu, 26 Mar 2015 11:24:24 GMT

Posted To: MBS CommentaryWill the Fed raise rates? Is economic data sliding? Are stocks and bonds more interested in trading the rate hike or the data? All of these were fair questions yesterday and all could be argued either way. There is a camp tha..[read more]

MBS RECAP: Bond Markets Relatively Blindsided by Snowball Sell-Off
Wed, 25 Mar 2015 21:41:07 GMT

Posted To: MBS CommentaryIt began as just another day in a 12-day winning streak for bond markets that had seen 10yr yields recover 40bps peak to trough. Actually, "just another day" doesn't really apply to that scenario. We're lucky to see i..[read more]

Mortgage Rates Bounce Higher From Recent Lows
Wed, 25 Mar 2015 19:23:00 GMT

Posted To: Mortgage Rate WatchMortgage rates finally moved noticeably higher today, something they haven't done on 11 out of the last 12 days. Yesterday, I pointed out that such a winning streak is not the sort of thing we see too often, and that a s..[read more]

Seasonal Stumble in Housing Market -Freddie Mac
Wed, 25 Mar 2015 18:45:46 GMT

Posted To: MND NewsWireFreddie Mac said today that housing market stability "stumbled a bit" due to the cold winter weather and softening economic growth. The company's Multi-Indicator Market Index (MiMi) declined slightly in January a decline descri..[read more]

MBS MID-DAY: Holding Slightly Weaker Levels Ahead of 5yr Auction
Wed, 25 Mar 2015 16:14:05 GMT

Posted To: MBS CommentaryToday's trading has offered an interesting development or two. The first was the reaction to the Durable Goods data. It was significantly weaker than expected at -1.4 vs a +0.4 forecast. While this report is historically ..[read more]

Ocwen's Slide Update; Investor and Agency Updates Including Freddie's 97% Program
Wed, 25 Mar 2015 14:02:55 GMT

Posted To: Pipeline PressDon't think the gap between the haves and have-nots is widening? USA Today reports the world's richest 1% of people control over 50% of total global wealth. At the other end of the scale, here in the States research by Epiq S..[read more]

Mortgage Apps Rise at Fastest Pace in 2 Months
Wed, 25 Mar 2015 13:09:39 GMT

Posted To: MND NewsWireStoked by the lowest interest rates in several weeks the volume of applications for mortgages to both purchase and refinance homes increased by the largest percentages during the week ended March 20 than at any time since early..[read more]

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