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 Day Ahead: Today Suffers From One Major Issue: It's Not Tomorrow
Tue, 16 Sep 2014 11:33:22 GMT

Posted To: MBS CommentaryWhat are we even supposed to do with today? Whether from the standpoint of market participant or market watcher, there's precious little to care about today when we all know it's tomorrow that determines the next big ..[read more]

MBS RECAP: Technically Positive, but Might as well have been a Holiday
Mon, 15 Sep 2014 20:49:59 GMT

Posted To: MBS CommentaryJapan was out for a holiday today and US markets might as well have been. Apart from the first few minutes of the domestic session, today was one of the calmest days in terms of volatility in recent memory. From 8:30am on, Fa..[read more]

Mortgage Rates Hold Steady; Volatility Ahead
Mon, 15 Sep 2014 20:22:00 GMT

Posted To: Mortgage Rate WatchMortgage rates managed to hold steady today, which matches the very best performance of any other day in September. In other words, rates have either been flat or higher every day for the past 11 days. As we discussed la..[read more]

Homeownership Slump Drives Rental Construction to 25 Year High
Mon, 15 Sep 2014 18:19:13 GMT

Posted To: MND NewsWireMuch has been made lately over the propensity of so-called millennials, the demographic cohort which is now between 18 and 34 years of age, to forgo homeownership. In its September Public Outlook Freddie Mac points out that thi..[read more]

Potential Home Buyers Sidelined by Misconceptions
Mon, 15 Sep 2014 16:15:00 GMT

Posted To: MND NewsWireLack of knowledge and misinformation may be discouraging Americans from buying a home according to a recent survey sponsored by Wells Fargo &Company. The survey, conducted in June by Ipsos Public Affairs, found that many prospe..[read more]

MBS MID-DAY: Holding Ground After Modest Gains
Mon, 15 Sep 2014 16:13:58 GMT

Posted To: MBS CommentaryTreasuries began the overnight session moving to even higher yields than those seen on Friday afternoon. Just after 4:30am, German Bunds put in a strong bounce on their high yield ceiling from Friday and Treasuries reluctantl..[read more]

Lead Generator Bank Settle Suits; Agency Updates; Fed Week
Mon, 15 Sep 2014 13:51:46 GMT

Posted To: Pipeline PressLead generator Intermundo Media, LLC has agreed to pay $500,000 to settle charges by the Federal Trade Commission (FTC) that it falsely advertised free mortgage refinancing services online. Intermundo Media used the name "Del..[read more]

MBS Day Ahead: Bonds at Risk of Confirming Death of Positive 2014 Trend
Mon, 15 Sep 2014 11:27:00 GMT

Posted To: MBS CommentaryAs Treasury yields and mortgage rates spiraled rapidly higher over the past two weeks, 2014's steady trend toward lower rates quickly strayed into vulnerable territory. Specifically, 10yr yields lost more ground, more quickly..[read more]

MBS RECAP: Ugly Day to End Ugly Week For Bond Markets
Fri, 12 Sep 2014 20:35:53 GMT

Posted To: MBS CommentaryActually, the last 2 weeks have been ugly for bond markets. It's almost as if a switch was flipped as soon as September began. Just when yesterday looked like it might offer the first significant reprieve, boom... more se..[read more]

Mortgage Rates Now Back to 4.25% on Average
Fri, 12 Sep 2014 19:18:00 GMT

Posted To: Mortgage Rate WatchMortgage rates have now endured an insulting 10 straight days without improving. While a few of those have resulted in 'unchanged' levels, most have sent rates higher. Today, in particular, has the grim distinction of mo..[read more]

Recapping Recent Proposed Mortgage Rule Changes
Fri, 12 Sep 2014 17:33:25 GMT

Posted To: MND NewsWireThere are five key issues confronting the Federal Housing Finance Agency (FHFA) its director told a banking audience on Monday. The five, taken together, Director Mel Watt said, address both of FHFA's roles; conservator of the ..[read more]

MBS MID-DAY: Bond Markets Officially Move Out of Long Term Downtrend
Fri, 12 Sep 2014 16:01:10 GMT

Posted To: MBS CommentaryThroughout the week, we've had our eyes on the long term downtrend in rates stretching back to the beginning of 2014. It provided some context for the relatively brutal uptrend that's taken shape in September. Until t..[read more]

Possible CRA Changes; Freddie QC Software; Compliance Boot Camp in Hawaii
Fri, 12 Sep 2014 14:30:53 GMT

Posted To: Pipeline PressWho says that everything on the web is spellchecked? One glance at this website will tell you otherwise - those mortgage brokers had better fix it. Mortgage people may need to start our own club, complete with special handsha..[read more]

MBS Day Ahead: Bond Markets hit Most 'Oversold' Levels of the Year, Now What?
Fri, 12 Sep 2014 11:31:57 GMT

Posted To: MBS CommentaryI hate the terms 'overbought' and 'oversold.' At best, they cause confusion, and at worst they serve as the basis for faulty decision-making among armchair market technicians. So let's talk about them. Wha..[read more]

MBS RECAP: Bond Markets Throw a Head Fake Before Getting Right Back to Selling Spree
Thu, 11 Sep 2014 20:26:54 GMT

Posted To: MBS CommentaryIt was a bit of a cruel session for bond markets as the day started out in stronger territory only to sell off with less than 2 hours to go. After 8 days of general negativity/volatility, this morning's gains were due to ..[read more]

Mortgage Rates Essentially Unchanged at 1-Month Highs
Thu, 11 Sep 2014 19:00:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were essentially unchanged today. Most lenders were microscopically lower in terms of closing costs, though several went the other direction. On average, the movement barely registered, keeping rates at th..[read more]

New Home Mortgage Applications Softened in August
Thu, 11 Sep 2014 17:43:55 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association's (MBA's) measure of new home sales reflected a significant drop in the volume of applications for mortgages to purchase those homes in August. Data gathered through MBA's Builder Applications S..[read more]

First Increase Since 2010 for Annual Foreclosure Rate
Thu, 11 Sep 2014 17:42:29 GMT

Posted To: MND NewsWireForeclosure activity increased significantly in August according to the U.S. Foreclosure Market Report released Thursday by RealtyTrac. The increase included the first year-over-year uptick in scheduled foreclosure auctions in ..[read more]

MBS MID-DAY: Tenuously Holding Modest Improvement Ahead of 30yr Auction
Thu, 11 Sep 2014 16:05:32 GMT

Posted To: MBS CommentaryAfter 8 days in throes of volatility and weakness, bond markets are finally catching a small break today. For now, it's no more than a half-hearted pause in an otherwise determined trend--the kind of consolidation that..[read more]

Citi's Down to How Many States? FHLB Primer; More on USDA Changes
Thu, 11 Sep 2014 14:40:57 GMT

Posted To: Pipeline PressIn preparing to write a small blurb about the Unmarried and Singles Week that starts in 10 days, which, as best I can tell, is nowhere near Valentine's Day, I Googled "top songs about being single." Bon Jovi's It's My Life to..[read more]

MBS Day Ahead: Longer Term Trend at Risk
Thu, 11 Sep 2014 11:31:56 GMT

Posted To: MBS CommentaryWhen we talk about the 'longer term trend' these days, we're referencing the slow and steady improvements for bond markets that began in early 2014. The chart below shows this trend using 10yr Treasury yields. It ..[read more]

MBS RECAP: Negative Momentum Continues Ahead of Next Week's Fed Announcement
Wed, 10 Sep 2014 21:00:31 GMT

Posted To: MBS CommentaryWhiel we could see some sort of technical bounce or a data-driven consolidation of recent trading patterns, bond markets have generally been on a tear toward higher rates so far in September. Over the past few days, speculati..[read more]

Mortgage Rates Rise to 1-Month Highs
Wed, 10 Sep 2014 19:37:00 GMT

Posted To: Mortgage Rate WatchMortgage rates continued moving higher at a fairly quick pace today. Some borrowers may now start to see rate quotes moving up an eighth of a point. This is significant because most of the recent movement in the rate mar..[read more]

MBS MID-DAY: General Anxiety for Bond Markets or a Specific Phobia?
Wed, 10 Sep 2014 16:41:29 GMT

Posted To: MBS CommentaryFannie 3.5s are down 10/32nds from yesterday's latest levels. Keep in mind that today's prices reflect October coupons whereas yesterday's were based on September. These two coupons were always about 10/32nds apar..[read more]

USDA Changes; Genworth on PMIER; Apps at 14-Year Low; New Lender
Wed, 10 Sep 2014 14:55:41 GMT

Posted To: Pipeline PressThe city of San Francisco has 121 square kilometers (about 47 square miles). The Dallas-Ft. Worth Airport's area is about 70 square kilometers, which means that DFW is nearly 60% of SF in its entirety! This has nothing to do ..[read more]

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