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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Baths
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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

MBS RECAP: After More Nuclear Headlines, Bonds Punt

Posted To: MBS Commentary

Who knows how today's trading would have unfolded absent the overnight headlines that North Korea was planning to test an ICBM with a Hydrogen warhead in the Pacific Ocean. This prompted a risk-off move early in the overnight session (stocks and bond yields lower). After that, bonds seemed reluctant to challenge either side of the most recent range (2.24-2.28%). That was basically it for the rest of the day. Yields drifted down to 2.24% just after the NYSE open, but quickly and decisively bounced. About an hour later a few big trades came across in the Treasury Futures complex, pushing yields abruptly higher, but not significantly higher. MBS held even steadier than Treasuries with Fannie 3.5 coupons staying inside an ultra-narrow range of 3/32nds. We'd expect to see today's range...(read more)

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MBS RECAP: After More Nuclear Headlines, Bonds Punt

Posted To: MBS Commentary

Who knows how today's trading would have unfolded absent the overnight headlines that North Korea was planning to test an ICBM with a Hydrogen warhead in the Pacific Ocean. This prompted a risk-off move early in the overnight session (stocks and bond yields lower). After that, bonds seemed reluctant to challenge either side of the most recent range (2.24-2.28%). That was basically it for the rest of the day. Yields drifted down to 2.24% just after the NYSE open, but quickly and decisively bounced. About an hour later a few big trades came across in the Treasury Futures complex, pushing yields abruptly higher, but not significantly higher. MBS held even steadier than Treasuries with Fannie 3.5 coupons staying inside an ultra-narrow range of 3/32nds. We'd expect to see today's range...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Rates Show Resilience But Not Without Help

Posted To: Mortgage Rate Watch

Mortgage rates held their ground yesterday. That was a refreshing development given the abrupt move higher over the past 2 weeks and a relatively threatening reaction to Wednesday's Federal Reserve events. Now again today, rates have managed to hold their ground. In some cases, lenders improved by token amounts. If yesterday was refreshing, today would be doubly so. But the refreshment comes with caveats . We don't really know what the natural direction would have been for rates today because underlying markets were clearly affected by overnight headlines regarding North Korea potentially testing an ICBM with a Hydrogen warhead in the Pacific Ocean. In general, these sorts of headlines lead investors to shed risk--something that frequently takes the form of selling stocks and buying bonds....(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.