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: Strong Again, This Time After Morning Head-Fake
Thu, 24 Apr 2014 19:54:24 GMT

Posted To: MBS CommentaryFor the second straight day, MBS are coasting toward the close having held a narrow 4/32nds range for most of the day, having seen little, if any threat of major weakness. Today was a bit different than yesterday in that it s..[read more]

Mortgage Rates Hold Steady Despite Stronger Data
Thu, 24 Apr 2014 19:06:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held were mostly sideways today. In cases where rate sheets differed from yesterday, the tendency was toward just slightly higher rates. The move was small enough that this would only affect the up-front c..[read more]

Increasingly Optimistic Attitudes on Housing Market
Thu, 24 Apr 2014 16:28:20 GMT

Posted To: MND NewsWireA new Gallup survey seems to indicate that Americans are falling in love with real estate again . The poll, conducted among over a thousand respondents this month, shows that 56 percent of Americans think the average price of a..[read more]

MBS MID-DAY: Volatile Morning Leaves MBS Just Barely Positive
Thu, 24 Apr 2014 16:01:05 GMT

Posted To: MBS CommentaryBond markets have had a volatile morning so far. Treasuries were slightly weaker overnight, resulting in lower opening levels in MBS. Both were weaker still after the 8:30am economic data. Although the Jobless Claims headline..[read more]

Price Growth Slows in Once Hot Markets
Thu, 24 Apr 2014 14:54:00 GMT

Posted To: MND NewsWireSales of residential properties were marginally higher in March than in February and the median price of both distressed and non-distressed properties also increased slightly RealtyTrac said today. Sales of single-family homes,..[read more]

CFPB Pilot Program Seeks to Lessen Closing Table Pain
Thu, 24 Apr 2014 14:20:55 GMT

Posted To: MND NewsWireThe mortgage closing table is the site of considerable pain and confusion for homebuyers, Richard Cordray, Director of the Consumer Financial Protection Bureau (CTFP) told a Mortgage Closing Forum on Wednesday. They find themse..[read more]

Buffett Ready to Step in for Fannie & Freddie? Breaking News: CFPB Research Discovers Confused Borrowers
Thu, 24 Apr 2014 14:18:12 GMT

Posted To: Pipeline PressIt is "bring your kid to work" day. Some kids are fascinated with how much others make. They grow up to be underwriters . Others are fascinated with the ebb and flow of compensation, and the inherent inequality in government ..[read more]

MBS Day Ahead: Jobless Claims Data is More Important Than Normal Today
Thu, 24 Apr 2014 12:00:04 GMT

Posted To: MBS CommentaryBond markets continue to be relentlessly sideways. Just when Treasury yields were staging for their best chance at breaking out of a 3-month range-bind, yields spiked late last week after a token amount of deescalation in Ukr..[read more]

MBS RECAP: Strong and Stable all Day
Wed, 23 Apr 2014 20:21:40 GMT

Posted To: MBS CommentaryIt was a refreshingly strong day for MBS and Treasuries. While the gains weren't immense by any standard, they were mostly present from the start of the day and never looked to be under dire threat. Weak economic data hel..[read more]

Mortgage Rates Erase 2 Days of Weakness
Wed, 23 Apr 2014 19:14:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved lower at a healthy pace today, more than erasing the past two days of weakness, but leaving most of last Thursday's weakness intact. Some of the gains were attributable to today's much weaker than ex..[read more]

California Pending Sales Surge; Short Sales Lowest since 2008
Wed, 23 Apr 2014 17:26:31 GMT

Posted To: MND NewsWireCalifornia appears to be gearing up for a strong spring market according to pending home sales figures released today by the California Association of Realtors® (C.A.R.). The group reports that, based on contracts for home ..[read more]

Housing Market Improving at Slower Pace, but There's a Catch
Wed, 23 Apr 2014 17:14:59 GMT

Posted To: MND NewsWireThe February edition of the new Multi-Indicator Market Index (MiMi) introduced by Freddie Mac last month indicates that the U.S. housing market overall is recovering at a slightly slower pace than it was in January. Nonetheless..[read more]

Home Sales Tank; Inventories and Prices Surge
Wed, 23 Apr 2014 16:15:25 GMT

Posted To: MND NewsWireNew homes sales in March were down 14.5 percent from sales in February to a seasonally adjusted annual rate of 384,000. The New Residential Sales report issued today by the U.S. Census Bureau and the U.S. Department of Housing ..[read more]

MBS MID-DAY: Bond Markets Stronger After New Home Sales Data
Wed, 23 Apr 2014 16:07:13 GMT

Posted To: MBS CommentaryEven before this morning's economic data, bond markets were already in slightly stronger territory. The data itself only helped, though it's a double-edged sword for the Housing Market. New Home Sales hit a 9 month lo..[read more]

Number of Banks is Declining; New Interest in Condo Loans; Existing Home Sales Numbers Dissected
Wed, 23 Apr 2014 14:28:38 GMT

Posted To: Pipeline PressA few weeks ago I wrote about the "over 65ers", the age demographic which is very much a part of the baby-boom generation. Recently the U.S. Census Bureau released " The Centenarian Population: 2007-2011 ," which focuses on t..[read more]

Mortgage Apps Decline; Loan Amounts hit Record High
Wed, 23 Apr 2014 13:24:42 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) said the average size of a purchase mortgage loan reported by respondents to its most recent Weekly Mortgage Applications was $280,500, the highest in the history of the survey . MBA said ..[read more]

MBS Day Ahead: Aimless Week, Downbeat Home Sales Forecast, and Technical Silver Lining
Wed, 23 Apr 2014 11:00:04 GMT

Posted To: MBS CommentaryThe first two days back from the extended weekend have been surprisingly uneventful, and that's saying something considering they were already likely to be fairly quiet. There hasn't been much by way of potential mark..[read more]

MBS RECAP: Bond Markets Trickle Back to Positive Territory
Tue, 22 Apr 2014 20:06:39 GMT

Posted To: MBS CommentaryThe overarching caveat for any assessment of today's market activity is that the whole thing occurred in a relatively tight range. Sustained highs and lows were in a 4/32nds range in MBS and just over 2bps in 10yr yields...[read more]

Mortgage Rates Drift Higher Again
Tue, 22 Apr 2014 18:47:00 GMT

Posted To: Mortgage Rate WatchMortgage rates drifted higher for the second straight day despite a relatively flat day for underlying bond markets. Rates pushed into their 2-week highs yesterday, but are still well under the levels seen in the first w..[read more]

Applications, Prices, and Condo Sales Get Second Look
Tue, 22 Apr 2014 17:57:54 GMT

Posted To: MND NewsWireRecent postings on CoreLogic's Insights Blog have a couple of different views of some of the housing numbers generally taken at face value by those of us who follow them. Mortgage applications, cash sales, and home prices all g..[read more]

MBS MID-DAY: Quick Move Back to Unchanged After Weaker Morning
Tue, 22 Apr 2014 16:07:16 GMT

Posted To: MBS CommentaryStocks and bonds have been in relative lock-step for much of 2014 (stock prices and bond yields moving in same direction, aka 'stock lever'). The correlation had been on hold to a large degree over the past few sessio..[read more]

Existing Home Sales Languishing in 2014
Tue, 22 Apr 2014 15:31:46 GMT

Posted To: MND NewsWireSales of existing homes were essentially unchanged in March compared to February the National Association of Realtors® (NAR) said today. Home prices continued to increase in March but the growth has now slowed from previous..[read more]

Measures of Housing Distress at 7+ Year Lows
Tue, 22 Apr 2014 14:30:59 GMT

Posted To: MND NewsWireBlack Knight Financial Services said today that the mortgage delinquency rate in March was the lowest in the U.S. since October 2007 and the foreclosure rate was the lowest since October 2008. September 2008 is the date most co..[read more]

Non-QM Loan Webinar; TD Bank's No MI Program; New Jumbo Program From ResMac
Tue, 22 Apr 2014 14:17:51 GMT

Posted To: Pipeline PressHere's a little trivia for you. This week I am in Minnesota and Kansas, but 4,000 miles away not a single one of the country's ten biggest banks, including Bank of America, Chase, Citi, and Wells Fargo, has a retail location ..[read more]

MBS Day Ahead: More Meaningful Economic Data, Treasury Auctions Begin, Vacations End
Tue, 22 Apr 2014 12:00:05 GMT

Posted To: MBS CommentaryGlobal financial markets were unequivocally still out on holiday breaks yesterday--unofficially in the US and officially in Europe. There were no major reactions to Geopolitical headlines or any other substantive market mover..[read more]

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