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



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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.

Mortgage News

Worst Annual Pace in 3 Years For New Home Sales

Posted To: MND NewsWire

New home sales in July were expected to remain steady after scoring a slight gain in June, instead they plunged to a rate even lower than those a year earlier. Three of the four geographic regions shared in the decline, Sales of newly constructed homes in July are estimated at a seasonally adjusted annual rate of 571,000 units. This is down 9.4 percent from June and 8.9 percent from the estimate for July 2016. The bad news was mitigated a bit as the U.S. Census Bureau and the Department of Housing and Urban Development revised their earlier June estimate to 630,000 units from their original estimate of 610,000. The consensus of analysts polled by Econoday was for the number to come in unchanged from June's 610,000 units. The range of estimates was 590,000 to 622,000 units. On a non-seasonally...(read more)

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MBS Day Ahead: Bonds Trying to Turn Recent Floor Into a Ceiling

Posted To: MBS Commentary

Coincidentally, yesterday's Day Ahead talked about "pivot points." Now today, we see a prime example of a pivot point in action. Although I labeled it as 2.215% yesterday, let's simplify the conversation by using 2.22% today. A hallmark of "pivot" behavior is the tendency to act as both a floor and a ceiling . A pivot is a level that has been historically more likely to turn bonds away as opposed to letting them pass. In other words when 10yr yields have approached 2.22% from either direction recently, they've been more likely to bounce than to break through. The last 2 days have been no exception. With this morning's gains, it's tempting to conclude the 2.22% pivot will act as a ceiling in the same sort of way it did back in June, but as the chart suggests...(read more)

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LO Training Product; Upcoming Events; Vendors Partnering Up

Posted To: Pipeline Press

Trends? A few weeks ago, Ally offered to beat any other lender’s price. And last week 360 Mortgage Group announced a new platform that will allow customers to receive approval for a loan in just 15 minutes and cuts down the closing process to as few as eight days. The company’s NOLO platform ("No Originating Loan Officer") lets customers "complete the mortgage lending process entirely online without ever having to speak to a loan officer. Vendor News The Mortgage Collaborative has partnered with Notarize, the first digital platform to enable an entirely legal and compliant online mortgage closing process . Notarize is closing mortgages online in partnership with major lenders and title underwriters/agencies. Verified by Fannie Mae and Freddie Mac, the Notarize for Mortgage platform...(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.