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

MBS RECAP: Sharply Sideways Day for Bond Markets

Posted To: MBS Commentary

As of the 3pm Treasury pit close (the unofficial end of the day for bond markets), little, if anything has changed from this morning. Despite having a wide variety of potential market movers in play, bond markets instead saw a session that would be hard pressed to be more uneventful. Treasuries were slightly weaker in the overnight session with yields pushed higher by a generally improving risk tone. This may have had something to do with stronger Chinese GDP, but even without it, there was still some 'unwinding' to do from yesterday's Ukraine- inspired flight-to-safety. When we see such flights, bond markets are preemptively moving into stronger territory on the chance that geopolitical tensions continue escalating rapidly. If geopolitical tensions to anything else, bonds lose...(read more)

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Mortgage Rates Slightly Higher, but Remain Near Recent Lows

Posted To: Mortgage Rate Watch

Mortgage rates were slightly highe r today as investors continued to pull back from yesterday's geopolitically motivated buying spree. Tensions in Ukraine had created a short term spike in demand for fixed income securities like Treasuries and the mortgage-backed-securities (MBS) that most directly influence mortgage rates. Higher demand means lower rates. As we saw yesterday, that spike in demand led to moderate improvements in rates, but had already started fading by the end of the day. This morning simply continued in that same vein, resulting in higher mortgage rates. That said, the weakness has been merely moderate . Weaker housing data helped to prevent further bond market weakness (bonds tend to improve when economic data is weaker than expected). The most prevalently quoted conforming...(read more)

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No Big Spring Bounce for Housing Starts

Posted To: MND NewsWire

Two of the three measures of residential construction activity used by the Census Bureau fell slightly in March. Fewer permits were issued and fewer homes reached completion than in February while housing starts rose slightly. The Bureau and the U.S. Department of Housing and Urban Development report that residential building permits were issued in March at a seasonally adjusted annual rate of 990,000 units. This is 2.4 percent below the revised February rate of 1,014,000 units and 11.2 percent higher than the rate of 890,000 units issued in March 2013. Permits for single family houses were issued at a rate of 592,000, 0.5 percent above the February estimate of 589,000. Permits for construction of units in buildings with five or more units were at the rate of 370,000 units compared to 402,000...(read more)

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MBS MID-DAY: Grinding Back Toward Unchanged Amid Lack of Inspiration

Posted To: MBS Commentary

Bond markets started the day in weaker territory after stronger economic data out of China and follow-through on yesterday's bounce (bonds had rallied on Ukraine headlines and bounced back toward weaker levels when the headlines dried up). This morning's domestic economic also helped. MBS and Treasuries improved modestly after weaker-than-expected Existing Home Sales. Shortly thereafter, stronger Industrial Production numbers made for a quick jolt to the weakest levels of the day for Treasuries, but they've since come right back to their strongest levels. MBS are outperforming , now only a tick away from unchanged in Fannie 4.0s (104-14), but still 3 ticks off in Fannie 3.5s (101-07). Despite a wide variety of potential market movers today, bond markets haven't really done anything...(read more)

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Business vs Consumer Purposes; Wells and Chase Numbers Reflect Industry Trends

Posted To: Pipeline Press

What happened yesterday? Donald Rumsfeld (remember him?) sent his annual letter to the IRS , telling the agency that, because of the complexity of the tax code, he has no idea if he paid his taxes correctly. AmeriSave Wholesale & Correspondent Lending is looking for a few good men and women! AmeriSave is recruiting AEs for its West, East and Midwest Regions. "At AmeriSave, we support local lending. We pair technological innovation with sensible risk management in mortgage lending in order to provide wholesale and correspondent lending to mortgage bankers, mortgage brokers, community banks and credit unions. Add to this formula integrity, efficiency, competitive rates and excellent customer service, the mortgage experience becomes our motto: Safe. Simple. Mortgages. Our technological innovations...(read more)

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