Kris Everett Hill

Kris Everett Hill
Branch Manager/Senior Loan Officer
NC License #I-150280
SC License #MLO-145996
NMLS # 145996
Branch NMLS # 100056
(click links above to check licenses)

Direct: 919-398-6564
Mobile: 919-500-0907
Fax: 919-398-6580

3100 Smoketree Court, Suite 210
Raleigh, NC 27604

Questions? Call Kris Everett Hill at 919-398-6564.
We are always available to help make sense of the market.

Mortgage News Daily News Feed


Strong Reaction on Wall Street to So-So Home Builder Results

Posted To: MND NewsWire

It was a bad day on Wall Street Thursday for housing stocks. In no particular order Census Bureau data was released showing that new home sales had declined by 8.1 percent in June compared to May and that May's numbers weren't nearly as shiny as was first thought. ( Read More: New Home Sales Decline from Downgraded May Numbers ) Then several of the big home builders released quarterly earnings that missed analysts expectations. An already jittery stock market did not take it well. The exchange traded fund that trucks home construction fell to a two month low , losing 3.4 percent of its value as most home builder and home builder-related stocks fell. ITB was down another 0.79 percent in early trading on Friday. Both D.R. Horton and Pulte announced that their earnings fell short . Horton reported...(read more)

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MBS MID-DAY: Bond Markets Still at Altar Despite Yesterday's Cold Feet

Posted To: MBS Commentary

For more than a week, bond markets have flirted with a break into the best levels of the year. On several occasions 10yr yields have looked all but wed to the idea. Such a wedding would take place with a move through the 2.4's. While that's not something that was exceptionally possible until next week's big-ticket events, a crowd had gathered at the altar. In other words, most of the week's activity has taken place between 2.45 and 2.50. Yesterday's weakness caused some concern that bond markets might be getting cold feet as Treasuries rose to 2.52. That left today as a bit of a wild card that could either reinforce the cold feet or reinforce the potential to break the range. Both German Bunds and US Treasuries had a strong, simultaneous bounce off yesterday's weakest...(read more)

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Big Changes at Ginnie; GSE Updates; Zillow Buying Trulia?

Posted To: Pipeline Press

"Rob, you have mentioned before that you are beginning to see some companies' volumes slowing down, and maybe even some lay-offs . Is that still happening?" Yes it is. Established lenders, even those adding production units, are looking at their historical purchase volumes and forecasting things for the 2 nd half of 2014. The longer rates stay here or go up, the more refinances will drop, and practically every lender sees a marked decline in purchase volumes during the autumn and winter. Companies are moving toward a variable cost structure, and yes, unfortunately layoffs can be part of the equation - the latest example being RoundPoint Mortgage eliminating 166 jobs . And Zillow might buy Trulia ? That would cause quite a stir... Do you think GSE reform is still a possibility? Snort. Congress...(read more)

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MBS Day Ahead: Too Much Too Soon for Bond Market Rally Ahead of Big Week?

Posted To: MBS Commentary

Next week is a big one. ADP/GDP/FOMC all hit on Wednesday. Month-End is on Thursday, and NFP is on Friday. There are other top-tier reports as well, and a Treasury auction cycle, but the named peril is more than enough evidence for the big potential. This round of GDP seems extra special, because it follows a first quarter reading that was extra special in its own way. There's a lot going on here with respect to GDP, and we'll talk more about it next week, but the point for this week is that markets bellied right up to the long-term bar well in advance of the data that will likely determine whether or not they stay there. By "the bar," I mean the longer term range boundary for 10yr yields in the mid 2.4's (call it 2.47, 2.44, whatever...). If they did indeed arrive a bit...(read more)

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Mortgage Rates Rise at Fastest Pace in Weeks

Posted To: Mortgage Rate Watch

Mortgage rates moved higher today at the fastest pace since July 3rd as bond markets began backing away from more anxious levels associated with last week's geopolitical headlines. Such headlines (Malaysian airliner and Gaza invasion) can motivate investors to seek safe-havens such as Treasuries and MBS (the mortgage-backed securities that influence mortgage rates). Since last week, bond markets have been relatively on edge but never moved any lower than the initial move on Thursday. If there has been one day since then that "undoes" the flight-to-safety, today is the best candidate. This isn't for any particular reason either. Sometimes when it comes to financial market movements, "it's just time." A few caveats here though... First of all, the movement wasn't exceptionally large in a historical...(read more)

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