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

Seasonally-Adjusted Home Prices Declined in May

Posted To: MND NewsWire

Home 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 20-City was 9.3 percent higher. In April the two composites posted annual increases of 10.9 and 10.8 percent respectively. Both Composites increased by 1.1 percent from April to May and for the second straight month all 20 cities had positive returns. But that's only true on an unadjusted basis. When it comes to to home price data, seasonal buying/selling trends tend to be kind to prices in the Spring and Summer months. Adjusting for those affects, prices were down 0.3 percent in May--the first seasonally-adjusted decline in more than 2 years. Regionally, Charlotte...(read more)

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New Products; Regions Bank's Cuts; PHH, NationStar in the News; Radian/NAREB Partnership

Posted To: Pipeline Press

My 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 San Francisco Fed that I should ask my accounts receivable gal to stop calling my oldest. In, Wage Growth Gap for Recent College Grads , Bart Hobijn and Leila Bengali writes, "Median starting wages of recent college graduates have not kept pace with median earnings for all workers over the past six years. This type of gap in wage growth also appeared after the 2001 recession and closed only late in the subsequent labor market recovery. The wage gap in the current recovery, however, is substantially larger and has lasted longer than in the past. The larger gap represents...(read more)

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MBS Day Ahead: Last Day of Tame Data Before Things Get Serious

Posted To: MBS Commentary

Yesterday 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 market movers hitting until tomorrow, it feels like bond markets are biding their time until then. At times like this, it's not uncommon for both stocks and bonds to travel together , generally hitting intraday highs and lows together. This was the case yesterday. It doesn't necessarily mean anything interesting about the future, but it builds a case for that "biding time" concept. It can also be more prevalent around the end of the month as some investors begin adjusting portfolio balances based on updated indexes. If calendar events stand a chance to cause...(read more)

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MBS RECAP: Some Weakness and a Few Reprices, but Mostly Holding Ground

Posted To: MBS Commentary

More 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 weaker in Treasuries. A small amount of weakness was intact after the overnight session, but bonds were able to move into positive territory just after 10am. The most helpful factor was a stock market sell-off at the same time. It would then prove to be unhelpful into the afternoon as Treasury yields moved higher with stocks. MBS are simply one step removed from that 'stock lever' movement, and thus lost less ground . The incremental weakness in Treasuries could also have to do with the week's upcoming auction supply. MBS Pricing Snapshot Pricing shown below...(read more)

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Mortgage Rates Unchanged to Start Important Week

Posted To: Mortgage Rate Watch

Mortgage 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 today versus Friday with the only differences seen in the form of closing costs. The most prevalently quoted conforming 30yr fixed rate remains at 4.25% for flawless scenarios with 4.125% available to a lesser extent. As the week progresses, so should the movement in the world of interest rates. Mortgages and Treasury yields alike have been bumping around at the lower end of their ranges in 2014. There's a decent chance that this week's events will either help break those ranges, or prompt a bounce back toward higher levels. Bottom line, rates have been low and sideways, but...(read more)

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