Kelly & Alison Horn
REALTORŪ
Direct: 816-262-8030 | 816-262-8033
Fax: 816-262-8033
kelly@thehornsrealty.com
alison@thehornsrealty.com


Bryce Keber
Realtor Sales Person
Direct: 816-646-4611
bryce@thehornsrealty.com


Clementine Horn
Realtor Sales Person
Direct: 816-387-1866
clementine@thehornsrealty.com

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Real Estate News
MBS Day Ahead: Treasury Weakness is a Chance for MBS to Catch Up
Wed, 26 Jun 2019 13:59:08 GMT

Posted To: MBS CommentaryIn the day just past, bonds extended the gains seen on Monday with 10yr yields hitting 1.98% before encountering resistance. The gains are most readily attributed to an imbalance of short positions (traders betting on rates m..[read more]

Freddie Mac Portfolio Growth Accelerates
Wed, 26 Jun 2019 13:44:45 GMT

Posted To: MND NewsWireFreddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 7.5 percent in May , increasing from 6.2 percent the previous month. The portfolio balance at the end of the period was $2.230 ..[read more]

Capital Markets Products; New Programs From Agencies, Lenders, and Investors
Wed, 26 Jun 2019 12:35:42 GMT

Posted To: Pipeline PressWhen I grow up, I want to own… 16,000 single family homes? Yes, here’s an article about how artificial intelligence has helped a landlord, and fund, accumulate that portfolio of rentals. It is a safe bet that a) ..[read more]

"Dovish" FOMC Statement Bolsters Refi Activity
Wed, 26 Jun 2019 12:08:02 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of loan application volume, managed a seasonally adjusted 1.3 percent increase during the week ended June 21st as mortgage interest rates continu..[read more]

MBS RECAP: Bonds Shake Off Fed-Induced Volatility, But MBS Can't Keep Up
Tue, 25 Jun 2019 21:38:35 GMT

Posted To: MBS CommentaryBonds were roughly unchanged overnight but soon began to improve at the CME and NYSE opening bells. Weak economic data at 10am didn't hurt the rally, but it didn't help as much as more important data would have. In th..[read more]

Mortgage Rates Barely Budge Despite Bond Market Improvement
Tue, 25 Jun 2019 21:11:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were little-changed again today, despite moderate improvement in the broader bond market. Although it's MBS (the mortgage-backed securities that underlie mortgage loans) that have a direct effect on mortga..[read more]

New Home Sales in West Plummet, Skewing National Totals
Tue, 25 Jun 2019 14:51:12 GMT

Posted To: MND NewsWireIt was another disappointing month for new home sales , but due entirely to a sharp decline in those sales in the West. The U.S. Census Bureau and the Department of Housing and Urban Development said sales of newly constructed ..[read more]

Case-Shiller: Home Price Moderation not Tracking Rate Changes
Tue, 25 Jun 2019 14:48:50 GMT

Posted To: MND NewsWireThe two sets of price indices released on Tuesday diverged again. The S&P CoreLogic Case-Shiller Indices continue to show declining appreciation while the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) indica..[read more]

MBS Day Ahead: Downtrend or Consolidation?
Tue, 25 Jun 2019 13:25:33 GMT

Posted To: MBS CommentaryIn the day just past, bonds returned from the weekend with an unexpected fervor--at least in terms of outright improvement in yields. Looking beneath the gains, we saw limited volume and no fundamental justification for the m..[read more]

Broker, Digital, Appraisal Products; First Bank and Roosevelt Ink Deal
Tue, 25 Jun 2019 13:08:40 GMT

Posted To: Pipeline PressGuys with an eyepatch and three fingers sell the best fireworks. Who does the best job selling mortgage products to consumers? Regulators, Agencies, and investors have seen the percentage of bank fundings drop and non-bank or..[read more]

Joint Center Sees Multiple Problems Emerging from Construction Shortfall
Tue, 25 Jun 2019 12:21:18 GMT

Posted To: MND NewsWireThe annual State of the Nation's Housing report from the Joint Center for Housing Studies (JCHS) at Harvard University is the latest vehicle for sounding the alarm about the country's diminishing housing stock and the resulting..[read more]

MBS RECAP: Bonds Live to Die Another Day
Mon, 24 Jun 2019 20:59:12 GMT

Posted To: MBS CommentaryFriday was tense for the bond market, with selling pressure that was just big enough to cause concern about a bigger correction, and buying support that was consistent enough to suggest we still had a chance. Today's trad..[read more]

Rates Catch a Break to Remain Near Long-Term Lows
Mon, 24 Jun 2019 19:39:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were generally flat today, depending on the lender. Some were noticeably better while others were a hair worse. In both cases, rates are very close to the lowest levels since late 2016. Changes from Friday..[read more]

Mortgage Prepays Continue to Mount, Doubling in Four Months
Mon, 24 Jun 2019 15:27:39 GMT

Posted To: MND NewsWireMortgage prepayment rates have continued to rise as interest rates move lower. Black Knight says prepayments increased by 24.31 percent in May compared to April and 32.17 percent on an annual basis. The company, in its "first l..[read more]

Tons of Upcoming Training and Events; Loan Delivery and Construction Products
Mon, 24 Jun 2019 13:32:00 GMT

Posted To: Pipeline PressI start the last week of June in Park City, Utah at a STRATMOR meeting and with a correction. In discussing tax laws in Saturday’s commentary I wrote, “The new law limits the deductibility of mortgage interest pay..[read more]

MBS Day Ahead: Guarding Against a Technical Bounce Before Decision Time
Mon, 24 Jun 2019 13:19:26 GMT

Posted To: MBS CommentaryIn the week just past, bonds were preoccupied with central bank communications. Wednesday's Fed announcement was going to be the only game in town, but Draghi's speech at the SINTRA conference (which promised rate cut..[read more]

MBS RECAP: Bonds Reject Post-Fed Rally
Fri, 21 Jun 2019 22:46:54 GMT

Posted To: MBS CommentaryThe bond market took an entire day to reiterate what it told us yesterday afternoon. Simply put: it's not interested in rallying much more than it already had before Wednesday's Fed announcement. Underlying data and e..[read more]

Mortgage Rates Slightly Higher; More Volatility on The Horizon
Fri, 21 Jun 2019 22:46:00 GMT

Posted To: Mortgage Rate WatchMortgage rates have had an impressive run --the best since 2011, in fact, when it comes to total peak to trough movement. That winning streak might not even be over, but every time rates bounce recently--even if only sli..[read more]

Many Larger Lenders Cut Back on FHA Lending Due to False Claims Act
Fri, 21 Jun 2019 16:59:37 GMT

Posted To: MND NewsWireAfter the housing crisis and faced with a flood of insurance claims, FHA and the Department of Justice responded with enforcement efforts against lenders that had made underwriting mistakes , levying large fines, requiring more..[read more]

Existing Home Sales and Inventory Bouncing Back - Prices Too
Fri, 21 Jun 2019 15:22:01 GMT

Posted To: MND NewsWireExisting home sales broke out of a two-month slump in May, rising by 2.5 percent compared to April and beating, by a considerable margin, analysts' consensus expectations. The National Association of Realtors® said sales of..[read more]

MBS Day Ahead: Start Preparing For Bigger Moves Ahead
Fri, 21 Jun 2019 14:16:20 GMT

Posted To: MBS CommentaryIn the day just past, bonds initially extended the post-Fed gains with 10yr yields briefly hitting 1.973% before bouncing to end unchanged on the day. The selling was almost exclusively motivated by technicals and tradeflows ..[read more]

Non-Agency Product; Fannie/Freddie Updates; VA IRRRL Reminder/Clarification
Fri, 21 Jun 2019 13:06:00 GMT

Posted To: Pipeline PressThat mortgage prices change every day, and often during the day, is about as surprising as sheriffs finding marijuana on Willie Nelson’s tour bus. Price changes have an immediate impact, and I knew that I’d receiv..[read more]

MBS RECAP: 10yr Breaks Below 2% Intraday, But Can't Hold The Gains
Thu, 20 Jun 2019 22:41:31 GMT

Posted To: MBS CommentaryA break below a big psychological technical level in bond yields can be a great thing to behold, but it can also be a signal that it's time for bonds to bounce. Bonds have now gone 7 weeks (barring catastrophe tomorrow) w..[read more]

Mortgage Rates Hit New Long-Term Lows, Then Bounce
Thu, 20 Jun 2019 22:05:00 GMT

Posted To: Mortgage Rate WatchMortgage rates plunged today as the bond market extended its positive reaction to yesterday's Fed announcement. The Fed doesn't set mortgage rates, but the market's expectation of Fed rate-setting policy has a major impa..[read more]

Delinquency Rates Down Overall, but Larger Cities Feel More Pressure
Thu, 20 Jun 2019 16:03:35 GMT

Posted To: MND NewsWireWhile the nations delinquency rate declined in March, to 4.0 percent from 4.3 percent a year earlier, CoreLogic notes that 21 states and 166 of the largest metropolitan areas experienced small increases in delinquencies on an a..[read more]

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