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: FOMC Announcement Wholly Overshadowed by GDP
Wed, 30 Jul 2014 22:18:35 GMT

Posted To: MBS CommentaryTonight's theme: "not many." It's not many times that GDP will crack 4% after being down more than 2% in the previous quarter, but it did today. But that's because it's not many times that the US economy will ..[read more]

Mortgage Rates Highest in More Than a Month After GDP
Wed, 30 Jul 2014 21:02:00 GMT

Posted To: Mortgage Rate WatchFor weeks, we've discussed the prospects for increased volatility centered on today's economic calendar. The chances of a bigger move were much higher going into today's GDP data, and a bigger move is exactly what we got..[read more]

California Realtors get Heads-Up on Short Sale Complications
Wed, 30 Jul 2014 19:41:52 GMT

Posted To: MND NewsWireA short sale program for properties serviced by Nationstar, which bills itself as one of the nation's largest independent loan servicers, is the subject of a new member advisory from the California Association of Realtors (C.A...[read more]

Homeownership at 19 Year Low
Wed, 30 Jul 2014 19:37:05 GMT

Posted To: MND NewsWireThe rate of homeownership in the U.S. continued to slide in the second quarter of 2014, reaching a 19 year low . The Commerce Department said that the seasonally adjusted homeownership rate fell to 64.8 percent during the quart..[read more]

Differences Between Past and Current FOMC Statements
Wed, 30 Jul 2014 17:59:00 GMT

Posted To: MBS CommentaryRelease Date: June 18, July 30, 2014 For immediate release Information received since the Federal Open Market Committee met in April June indicates that growth in economic activity has rebounded in recent months. the second q..[read more]

MBS MID-DAY: Bond Markets Pummeled by GDP; Bracing for Aftershock from FOMC
Wed, 30 Jul 2014 16:46:07 GMT

Posted To: MBS CommentaryBond markets began the day on relatively level ground vs yesterday. It was, and has been up to GDP to cast the first major vote on whether or not bond markets move on to new highs for 2014 (or lows in terms of yield), or if t..[read more]

The Importance of FinCEN & SARS; Fannie/Freddie Updates; Upcoming Events
Wed, 30 Jul 2014 14:18:45 GMT

Posted To: Pipeline PressThere are plenty of ways to divvy up people (those who like soggy cereal, those that don't, those that can form their tongue into an "o", and those that can't, for example.) Another way is your net worth & attitude toward wor..[read more]

Slow, Mixed Week for Mortgage Applications
Wed, 30 Jul 2014 13:16:42 GMT

Posted To: MND NewsWireIt was a mixed and largely directionless week for mortgage applications as the volume of applications for home purchases inched up fractionally while applications for refinancing fell . The Mortgage Bankers Association said its..[read more]

MBS Day Ahead: Big Potential for Bond Markets, for Better or Worse
Wed, 30 Jul 2014 11:33:07 GMT

Posted To: MBS CommentaryOn the afternoon of the Thursday before last, bond markets had just gone on their run to the best levels in over a month on the geopolitical flare-up (that was the day that begin with the Malaysian Airliner and ended with Isr..[read more]

MBS RECAP: Bonds Bounce Back From Mid-Day Swoon
Tue, 29 Jul 2014 21:00:08 GMT

Posted To: MBS CommentaryMarkets were more active today, offering a nice little warm up for what promises to be an even more active day tomorrow. The movement came in waves, beginning with a strong bond market rally at the start of the European tradi..[read more]

Mortgage Rates Slightly Lower; Volatility Ahead
Tue, 29 Jul 2014 20:05:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were slightly lower today, holding inside a low and narrow range that's been intact for nearly 2 weeks. The movement was small enough that some lenders are unchanged compared to yesterday, but they're the ..[read more]

MBS MID-DAY: Bond Markets Back Near Unchanged Levels after Stronger Start
Tue, 29 Jul 2014 16:39:35 GMT

Posted To: MBS CommentaryThe day started out well for Treasuries and MBS for a variety of reasons. European bond markets have been the most reliable motivation for overnight movement in Treasuries and last night was no exception. This time around Ger..[read more]

Seasonally-Adjusted Home Prices Declined in May
Tue, 29 Jul 2014 15:47:13 GMT

Posted To: MND NewsWireHome price gains continued to slow in May, posting smaller annual increases than In April the S&P Dow Jones Indices said today. The Indices' Case-Shiller 10-City Composite Index was up 9.4 percent compared to May 2013 and the 2..[read more]

New Products; Regions Bank's Cuts; PHH, NationStar in the News; Radian/NAREB Partnership
Tue, 29 Jul 2014 15:19:07 GMT

Posted To: Pipeline PressMy plan has always been pretty simple with my children: feed and clothe them in a loving home, make sure they get a college education followed by a good job, then at some point, send them an invoice. But I've been told by the..[read more]

MBS Day Ahead: Last Day of Tame Data Before Things Get Serious
Tue, 29 Jul 2014 11:42:51 GMT

Posted To: MBS CommentaryYesterday proved to be anything but serious based on the narrow trading range. 10yr yields only used up half of the range they'd carved out on Friday and MBS, even less than that. With none of the week's big-ticket ma..[read more]

MBS RECAP: Some Weakness and a Few Reprices, but Mostly Holding Ground
Mon, 28 Jul 2014 21:11:49 GMT

Posted To: MBS CommentaryMore due to timing and coincidence than anything, we got a few negative reprices this afternoon. Shortly thereafter, prices moved right back mid-point of today's trading range and never left . That said, things were a bit..[read more]

Mortgage Rates Unchanged to Start Important Week
Mon, 28 Jul 2014 19:30:00 GMT

Posted To: Mortgage Rate WatchMortgage rates didn't move much to start the week, with a nearly equal number of lenders moving both higher and lower. On average, rates were just barely higher. Even then, the actual rates being quoted are the the same ..[read more]

CFPB Seeks to Modify HMDA Data Collection; Raises Privacy Concerns
Mon, 28 Jul 2014 18:54:11 GMT

Posted To: MND NewsWirePublic comments are being requested a a new proposed rule for collecting data under the Home Mortgage Disclosure Act (HMDA). The Consumer Financial Protection Bureau (CFPB) said the new rule includes changes the could help in s..[read more]

MBS MID-DAY: Hold Ground, Moderately Weaker, but Outperforming Treasuries
Mon, 28 Jul 2014 16:56:43 GMT

Posted To: MBS CommentaryVery little happened in the overnight session and very little has changed into the domestic trading hours. Bond markets were a bit weaker overnight and have found little reason to do much else so far today. The only significa..[read more]

Home Prices up Again in May Black Knight says
Mon, 28 Jul 2014 16:06:00 GMT

Posted To: MND NewsWireThe Home Price Index (HPI) released on Monday by Black Knight Financial Services showed another strong month-over-month gain for housing values in May. The HPI increased by 0.9 percent to a value of $239,000 from $236,000 in Ap..[read more]

Zillow to Acquire Trulia; both Companies to Maintain Course
Mon, 28 Jul 2014 15:13:00 GMT

Posted To: MND NewsWireZillow, the Seattle based company which started out in the mid-2000s as a website where one could check on one's own and one's neighbor's property values and has grown to a large on-line source of information on homes for sale ..[read more]

Pending Sales Down but Holding above "Normal' Mark
Mon, 28 Jul 2014 14:40:53 GMT

Posted To: MND NewsWirePending home sales declined modestly in June after three months of what the National Association of Realtors® (NAR) called "solid gains." NAR's Pending Home Sales Index (PHSI) declined 1.1 percent to 102.7 in June from 103...[read more]

RESPA-TILA Update; HMDA Changes in the Wind; FinCen SAR Stats; New IM System for Banks?
Mon, 28 Jul 2014 14:36:45 GMT

Posted To: Pipeline PressHow is it that this is the last week of July already? Lots of lenders seem to have seen decent Julys - but perhaps not as strong as some of their Junes - and certainly for many the upward sloping trend of lending activity and..[read more]

MBS Day Ahead: Tons of Potential Volatility with GDP, Fed Announcement, and Jobs Report
Mon, 28 Jul 2014 11:42:00 GMT

Posted To: MBS CommentaryFinally we come to the week we've been eyeing for nearly a month as a candidate for major changes. It's fitting that 10yr yields ended the previous week right at 2.47% which--above all others--is the poster-child for inflecti..[read more]

MBS RECAP: Bond Markets Hold on to Recent Gains Ahead of Big Week
Fri, 25 Jul 2014 19:51:45 GMT

Posted To: MBS CommentaryNext week promises to be big. Even if the events don't 'agree' with each other enough to spark a major rally or sell-off, the potential is there. Due to last week's geopolitical headlines, bond markets arguabl..[read more]

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