Tidewater Home Funding Blog

The Markets In A Minute - June 10

For the Week Ending June 10, 2016  Please enjoy this quick update on what happened this week in the housing and financial markets.  Economists judge the likelihood of a Fed policy rate increase at next week's meeting to be about 4%. Mortgage rates may benefit if the Fed fails to take action.  Wholesale inventories had their largest increase in 10 months. Rising inventories suggest a boost to economic growth and could contribute to higher rates.  Although last week's non-farm payrolls data was weak, jobless claims continued to fall. Overall sign...

June 10th, 2016 The Markets In A Minute - June 10

The Markets In A Minute - June 3

For the Week Ending June 3, 2016  Please enjoy this quick update on what happened this week in the housing and financial markets.  Comments from Fed Chair Janet Yellen signal a Fed policy rate increase is possible as soon as this month. Rates may rise along with expectations. However, global concern that Britain may leave the European Union is helping. Traders are seeking safety in bonds, supporting lower rates. Oil prices, a driving factor in rates this year, have risen recently but are capping out around $50 a barrel. If oil continues to rise, it could co...

June 3rd, 2016 The Markets In A Minute - June 3

The Markets In A Minute - May 27

For the Week Ending May 27, 2016  Please enjoy this quick update on what happened this week in the housing and financial markets.  Reports on retail sales, housing and industrial production offer a favorable view of growth for Q2. Continued expansion supports a Fed rate increase. This week's jobless claims are lower than expected, further supporting growth. The strong labor market is a pillar of the improving economy. Comments by Fed policymakers also point to a nearing Fed policy rate increase. Economists speculate we may see an increase as soon a...

May 27th, 2016 The Markets In A Minute - May 27

Congratulations Skyles Family

"Thank you to Mr. & Mrs. Skyles on the purchase of your brand new home. I appreciate Art Beverly with Wainwright Real Estate for the referral. And, as always, thank you to Frank Gilmore with 1st Commonwealth Title & Settlement for a great closing!" - Michelle Phillips, Sr Loan Officer

April 5th, 2016 Congratulations Skyles Family

Thompson Joins Tidewater Home Funding Production Team

Kirk Thompson joins Tidewater Home Funding as a licensed mortgage loan officer.  Thompson has a successful history in sales and production, spending over 12 years in the recording and audio visual industries, and his past 5 years as a top sales person for Window World, achieving status in the top 5% nationally. Kirk has an extensive background within real estate, having earned his appraiser’s certification and appraised residential properties for over ten years.  Thompson’s valuation experience is a great benefit to his customers and real estate partners during the h...

February 24th, 2016 Thompson Joins Tidewater Home Funding Production Team

Gee Horton Joins Tidewater Home Funding Production Team

Gee Horton has joined Tidewater Home Funding’s production team as a senior mortgage loan officer.  Prior to joining Tidewater Home Funding, Horton was one of BB&T’s top five mortgage loan officers in this region for several years.  As a Merchant Services sales professional, she was a regular recipient of the quarterly Sterling honors and placed in the top 10 for BB&T Merchant Services for 4 years.  Horton’s exceptional customer service and clear understanding of today’s diverse mortgage products is evident by her consistently impressive customer s...

January 11th, 2016 Gee Horton Joins Tidewater Home Funding Production Team