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


Mortgage Rates Hold Steady Despite Stronger Data

Posted To: Mortgage Rate Watch

Mortgage rates held were mostly sideways today. In cases where rate sheets differed from yesterday, the tendency was toward just slightly higher rates. The move was small enough that this would only affect the up-front cost component of most quotes, meaning the actual interest rate would be the same. The most prevalently quoted conforming 30yr fixed rate for best-case scenarios ( best-execution ) remains at 4.375% in most cases, though many lenders are better-priced at 4.5%. For a second straight day, the markets underlying mortgage rate changes had a paradoxical trading session in that they moved in the opposite direction of that suggested by the incoming data. When economic data is stronger than expected, interest rates tend to rise--all things being equal. This morning's economic data fits...(read more)

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Increasingly Optimistic Attitudes on Housing Market

Posted To: MND NewsWire

A new Gallup survey seems to indicate that Americans are falling in love with real estate again . The poll, conducted among over a thousand respondents this month, shows that 56 percent of Americans think the average price of a home in their local area will increase compared to only one-third who thought so two years ago and 21 percent, a survey low, in January 2011. Another 34 percent expect prices to remain at about the same level, leaving only 10 percent who believe prices will fall again. The current euphoria is not up to pre-crash standards, but is closing in on the peak 60 percent who expected appreciation in late 2006. The results were gathered by Gallup's annual Economy and Personal Finance poll, which has tracked Americans' perceptions of the housing market annually since 2005. In...(read more)

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MBS MID-DAY: Volatile Morning Leaves MBS Just Barely Positive

Posted To: MBS Commentary

Bond markets have had a volatile morning so far. Treasuries were slightly weaker overnight, resulting in lower opening levels in MBS. Both were weaker still after the 8:30am economic data. Although the Jobless Claims headline came in higher than expected, ongoing claims fell and the Durable Goods data was stronger than expected. 10yr yields crested 2.73 shortly thereafter and Fannie 4.0s moved down to 104-04. They'd been at 2.685 and 104-11 late yesterday respectively. Then came the mystery rally. Bond markets reversed course and moved rapidly into stronger territory as stocks sold off just as abruptly. The pace of the movement in European markets suggests the trading could be Ukraine-related and that's CLEARLY the route that media outlets have taken. Indeed geopolitical risk is an...(read more)

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Price Growth Slows in Once Hot Markets

Posted To: MND NewsWire

Sales of residential properties were marginally higher in March than in February and the median price of both distressed and non-distressed properties also increased slightly RealtyTrac said today. Sales of single-family homes, condominiums, and townhomes were at an annual rate of 5,253,464 units in March, up 0.4 percent from February. The sales pace was 8 percent higher than in March 2013. The median price of all residential properties was $164,500, a 1 percent increase from the previous month and 10 percent above the median price one year earlier. RealtyTrac said this was the 24 th consecutive month that median house prices posted annual growth and the 10 percent March to March change was the largest of those increases. "The housing market showed signs of coming out of hibernation in March...(read more)

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CFPB Pilot Program Seeks to Lessen Closing Table Pain

Posted To: MND NewsWire

The mortgage closing table is the site of considerable pain and confusion for homebuyers, Richard Cordray, Director of the Consumer Financial Protection Bureau (CTFP) told a Mortgage Closing Forum on Wednesday. They find themselves confronted with reams of documents while facing one of the most important financial commitments of their life. They are frustrated not only by the sheer volume but by the speed at which they must review those papers and their complexity. "Mortgage closings are often fraught with anxiety," the Director said. "We have taken action to address some of the problems consumers face, but more needs to be done." He announced results of a study done by CFPB on "closing table pain points" and an eClosing pilot project the Bureau hopes will provide insight into improving the...(read more)

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