Elite Realty Group
442 E. Economy Rd
Morristown, TN 37814
Phone: 423-307-8566
Fax: 423-307-1051
Email: mike@elkinsteam.com
Equal Housing Opportunity
Licensed in Tennessee
Bedrooms
Baths
Min Price
Max Price
 Morristown TN Homes For Sale - Elite Realty Group provides services with Morristown TN Real Estate For Sale to home buyers and home sellers in Morristown Tennessee, Hamblen County Tennessee, Talbott, Russellville, Whitesburg, Bean Station, Grainger County, and surrounding communities.
We specialize in working with Home Sellers in getting their homes listed and sold. We utilize the latest and most up to date marketing materials in assuring the job gets done quickly and with the least amount of hassle. Our homes are listed on over 32 different Real Estate web sites including realtor.com, yahoo.com, trulia.com and many others.

Mortgage News

MBS RECAP: One True Thing

Posted To: MBS Commentary

Monday was the slowest day of the year in terms of volume. Volatility was also very muted by the time US markets fired up for the day. But here comes Friday! Not to be outdone by that pesky old Monday, today took the quiescence to a level so high that I felt compelled to tell you about it again. Realistically, this is something market analysts do because the quiet conditions don't leave anything else to talk about. With all that in mind, I won't waste your time with 3 or 4 more paragraphs of filler. For those hoping to see 10yr yields hold a ceiling around 3% in 2018, 2.895% is a great place to be. For those who understand the headwinds facing rates, it's also a logical place to be. Whether rates pay more attention to the headwinds or the hope remains to be seen. In some ways, it...(read more)

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Mortgage Rates Slightly Higher Despite Flat Markets

Posted To: Mortgage Rate Watch

Mortgage rates moved slightly higher today. Yet again, underlying bond markets suggested another fate. In other words, if mortgage rates were perfectly tied to underlying bond markets, they would have remained unchanged today. So why didn't they? The answer is as simple as the timing of lender rate sheets. Bond markets were in slightly weaker territory earlier this morning. This resulted in lenders offering slightly higher rates. As bonds improved throughout the day, the gains weren't quite enough for those lenders to "reprice" to lower rates. There's a certain bar to clear in terms of market movement before reprices make sense and we didn't clear it today. Loan Originator Perspective Bonds seem rudderless with no clear direction. Continue to Lock at Origination. - Al Hensling Not so sure there...(read more)

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NAHB: Lumber Shortages and Prices Hampering Affordability

Posted To: MND NewsWire

In back-to-back blog posts in the National Association of Home Builder's (NAHB's) Eye on Housing Blog , Paul Emrath details both the extent of the current shortage of lumber facing homebuilders and its impact on home prices. Emrath says that shortages of framing lumber are now more widespread than at any time since NAHB began consistently tracking it in1994 and that a large majority of builders seeing lumber prices specifically affecting affordability. Emrath's conclusions grow out of results from special questions included in the April and May NAHB/Wells Fargo Housing Market Index surveys. Over 30 percent of single-family builders responding to the May survey's special questions reported a shortage of framing lumber , far more than reported shortages in any of the other 22 building products...(read more)

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 Morristown TN Homes For Sale - Elite Realty Group provides services with Morristown TN Real Estate For Sale to home buyers and home sellers in Morristown Tennessee, Hamblen County Tennessee, Talbott, Russellville, Whitesburg, Bean Station, Grainger County, and surrounding communities.
We specialize in working with Home Sellers in getting their homes listed and sold. We utilize the latest and most up to date marketing materials in assuring the job gets done quickly and with the least amount of hassle. Our homes are listed on over 32 different Real Estate web sites including realtor.com, yahoo.com, trulia.com and many others.