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
Mortgage Rates End Bad Month on Good Note
Fri, 27 Feb 2015 22:09:00 GMT

Posted To: Mortgage Rate WatchMortgage rates managed to scrape together modest gains for today's month-end session. In terms of the financial markets that dictate mortgage rates, the last day of the month can be a volatile day that shuns the normal c..[read more]

MBS RECAP: Slow, Steady Gains for Bond Markets
Fri, 27 Feb 2015 21:59:28 GMT

Posted To: MBS CommentaryVery little has changed between now and the mid-day update (read that HERE if you like). To recap, bonds started the day roughly in line with yesterday's latest levels and made gradual improvements throughout the day. Tha..[read more]

Lessons for Europe from the US Housing Recovery
Fri, 27 Feb 2015 20:04:47 GMT

Posted To: Community CommentaryIn our highly interconnected financial world, what happens in Europe, Greece, and Germany greatly affects our own bond and MBS markets . There has been much discussion back and forth of who is to blame for the Greek cri..[read more]

Construction Industry Optimism at 20-year High
Fri, 27 Feb 2015 19:39:57 GMT

Posted To: MND NewsWireWhile its ultimate focus is the future of the construction equipment business, Wells Fargo's Equipment Finance division has some predictions for residential construction as well. The company's 2015 Construction Industry Forecas..[read more]

MBS MID-DAY: Uneventful Month-End Session; Little Impact From Data
Fri, 27 Feb 2015 18:06:16 GMT

Posted To: MBS CommentaryThe last trading day of the month has managed to be a total let-down to anyone looking for excitement. In terms of doing no further harm , it's been just fine though--at least through mid-day. That wasn't necessarily ..[read more]

Homebuyers were Busy in January; Pending Sales Rise
Fri, 27 Feb 2015 16:27:19 GMT

Posted To: MND NewsWireEven though sales of existing homes dropped by 4.9 percent in January buyers were apparently out shopping and seriously so. The National Association of Realtors® said that its Pending Home Sales Index (PHSI) climbed to 104...[read more]

Note on VA Loans in Super Lien States; More on Oil's Impact on the Economy
Fri, 27 Feb 2015 16:06:47 GMT

Posted To: Pipeline PressZillow published an article indicating that low-income renters have moved away from living in rural, dense communities and into more affluent suburban areas that were adversely affected by the recession. Historically, low-inc..[read more]

MBS Day Ahead: Today Probably Won't Decide the Permanent Fate of Rates in the US
Fri, 27 Feb 2015 12:34:20 GMT

Posted To: MBS CommentaryWe're all a bit shaken up--us market watching types. Almost all of 2014 through January of 2015 was great, and now February has stuck out like a sore thumb. This week's refreshing rally on Tuesday was the first real g..[read more]

MBS RECAP: Strong Start, Much Weaker Finish as Corporate Deals Hit Rates
Thu, 26 Feb 2015 23:44:31 GMT

Posted To: MBS CommentaryFor being a day that followed 2 sessions of gains in a month where 2 sessions of gains is nearly unheard of, today got off to a great start . There were new all-time lows in German Bund yields and US 10s were all the way down..[read more]

Mortgage Rates Move Slightly Higher Ahead of GDP
Thu, 26 Feb 2015 23:04:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were slightly higher today, undoing the modest gains seen yesterday, but leaving the more significant drop from Tuesday intact. 3.75% remains the most prevalently-quoted conforming 30yr fixed rate for top ..[read more]

By Any Measure FHA's Role is Shrinking
Thu, 26 Feb 2015 17:43:00 GMT

Posted To: MND NewsWireThe Federal Housing Administration (FHA) saw its share of the mortgage insurance market soar to 72 percent of all insured mortgages issued in 2008 and to 25% of the total origination market in 2009 as other lenders pulled back ..[read more]

Q4 Home Price Gains Outpace Inflation -FHFA
Thu, 26 Feb 2015 17:13:20 GMT

Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA) said today that home prices in the fourth quarter of 2014 were up 1.4 percent compared to the previous quarter and 4.9 percent from the fourth quarter of 2013. The fourth quarter was th..[read more]

Mergers, Acquisitions, and Production Shifts; Upcoming Events and Training
Thu, 26 Feb 2015 17:10:45 GMT

Posted To: Pipeline PressHere in North Dakota, at -9 degrees this morning, appraising properties is a walk in the park, right? What about for appraisers in the Lake Erie area where there's a land-yacht? And then we have this little tax snafu where pr..[read more]

MBS MID-DAY: Reprice Risk Mostly Dry as Bonds Cope with Post-Data Weakness
Thu, 26 Feb 2015 16:41:53 GMT

Posted To: MBS CommentaryThe day began on a strong note with US bond markets led higher in price by an even stronger overnight move in Germany. Following the mornings' economic data, MBS and Treasuries fell back into just slightly negative territ..[read more]

MBS Day Ahead: After Standing 8-Count, Will Bonds Come Out Swinging?
Thu, 26 Feb 2015 12:34:12 GMT

Posted To: MBS CommentaryDomestic bond markets had been getting pummeled for exactly 3 weeks before getting a break on Tuesday. Then yesterday, they confirmed they're not going to go down without a fight. The question now becomes ' how hard w..[read more]

MBS RECAP: Extraordinarily Flat Day, Which is Awesome Right Now
Wed, 25 Feb 2015 22:44:39 GMT

Posted To: MBS CommentaryThere are few situations that warrant more happiness or relief over what turned out to be a merely flat trading session in bond markets. Reason being: it helps legitimize and confirm yesterday's more determined movement. ..[read more]

Mortgage Rates Finally Feeling the Love
Wed, 25 Feb 2015 21:04:00 GMT

Posted To: Mortgage Rate WatchMortgage rates had a bad Valentines Day. It's not that anything happened on that Saturday. Indeed, lenders weren't even open. It's just that things changed significantly by the time US markets reopened on Tuesday, with r..[read more]

Housing Indicator Continues to Stabilize; Energy States at Risk
Wed, 25 Feb 2015 19:43:38 GMT

Posted To: MND NewsWireFreddie Mac said on Wednesday that its Multi-Indicator Market Index (MiMi) still shows that, at the national level, housing is continuing to stabilize . Thirty-eight of the 50 states plus the District of Columbia are now showin..[read more]

Black Knight Notes Home Price Decline
Wed, 25 Feb 2015 19:40:58 GMT

Posted To: MND NewsWireThe Home Price Index (HPI) report issued this week by Black Knight Financial Services shows the December national index at $241,000, a -0.1 percent change from November. The HPI has increased by 4.6 percent since December 2013,..[read more]

90-day Delinquencies Increasingly Ended in Foreclosure Last Month
Wed, 25 Feb 2015 19:40:10 GMT

Posted To: MND NewsWireBlack Knight Financial Services has released a "first look" at its month-end January mortgage performance statistics. The company regularly previews data that is covered in a more comprehensive form in its Mortgage Monitor sche..[read more]

MBS MID-DAY: Bonds Generally Faring Well Ahead of 5yr Auction
Wed, 25 Feb 2015 17:59:32 GMT

Posted To: MBS CommentaryAlthough there was a brief move to the lows of the day just after the noon hour, MBS have been doing a fine job of holding almost all of the gains from yesterday. As Yellen's testimony winds down--once again with no bombs..[read more]

Northeast Drags Down New Home Sales
Wed, 25 Feb 2015 15:49:09 GMT

Posted To: MND NewsWireSales of newly constructed single-family homes dipped only slightly in January from December levels. The U.S. Census Bureau and Department of Housing and Urban Developing said today that January sales were at a seasonally adjus..[read more]

Settlement Agent Poll; Fannie & Freddie Continue to be Discussed; Apps Continue Downward
Wed, 25 Feb 2015 14:27:06 GMT

Posted To: Pipeline PressAlthough the focus of this 6-day a week commentary is residential, it is good to have an awareness of commercial lending - especially as it competes at some banks with residential lending in terms of portfolio usage. Througho..[read more]

Purchase Apps Pick Up Some Slack From Falling Refi Volume
Wed, 25 Feb 2015 13:59:36 GMT

Posted To: MND NewsWireMortgage applications declined again during the week ended February 20. The Mortgage Bankers Association (MBA) said that its Market Composite Index, a measure of application volume, was down 3.5 percent on a seasonally adjusted..[read more]

MBS Day Ahead: So is it Greece or Yellen Moving Bond Markets?
Wed, 25 Feb 2015 12:34:09 GMT

Posted To: MBS CommentaryThe answer to the question posed in the headline is "yes," both Yellen and Greece are moving markets. Unfortunately for the more traditional thinkers in the audience, US bond markets have unequivocally been taking their big-p..[read more]

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