Derek McClintock's Blog

A little better start in the mortgage and bond market this morning even with the stock indexes opening better. It remains all about the Cyprus banks and whether Cyprus can come up with 5.8B euros in order to get bank rescue money from the ECB. Yesterday the gauntlet was laid down to Cyprus by the...

Bonds started slightly better today, mortgages also better after yesterday’s declines in prices. In the EU-Cyprus banking crisis nothing has been achieved so far, the country has extended its bank holiday until next Monday, keeping banks closed. The country was unable to negotiate any deal with R...

http://estateagents.tumblr.com/  I read of this site on my Twitter feed and it looks hilarious.  How many agents out there are still using their pictures from the 1990's?  I still see it every once and while.  I hope you get a good laugh out of some of them.

Not a good start this morning in the bond and mortgage markets; European stock markets better leading to better US stock index prices in the futures markets prior to the open at 9:30. Late yesterday afternoon MBS prices declined from what we reported at 4:00; at 4:00 30 yr MBS price was +23 bp, a...

Generally quiet in early activity this morning in the bond and mortgage markets; trade in the stock index futures at 9:00 pointing to a better open at 9:30. In Europe stock markets are weaker, continuing to decline on the renewed debt crisis that  surfaced in tiny Cyprus. In an effort to get fina...

Last Week's Mortgage Rates Recap Last week we ended the week with the same to slightly better mortgage rates than we started, and improved rebate pricing. However, every day had major volatility that greatly affected pricing when consumers locked in their interest rates. We saw swings of as much ...

Treasuries and mortgages were weaker early on better stock index trading, at 8:30 weekly jobless claims were expected to increase 10K, claims declined 10K to 332K and last week’s claims were revised frm 340K to 342K. Weekly claims for unemployment compensation have been falling for weeks now, the...

Prior to 8:30 when Feb retail sales were reported the 10 yr note at 2.00% was -2 bp and 30 yr MBSs were up 6 bp frm yesterday’s close. Retail sales for Feb was expected to be a little soft on concerns the payroll tax increase might continue slow spending seen in January. The estimate for overall ...

1643 Quiet Trail Dr. Chula Vista, CA 91915 features 4 Bedrooms and 4 bathrooms with 2928 sq ft. The front of 1643 Quiet Trail Dr. Chula Vista, CA 91915 has great curb appeal and a 3 car garage. The grounds of 1643 Quiet Trail Dr. Chula Vista, CA 91915 has a beautiful back yard with a built in fir...

Early this morning the US stock indexes were fractionally weaker while markets in Europe are mixed but with little changes frm yesterday. Treasuries and MBSs traded a little better early, but like the stock markets generally flat prior to the 9:30 open in the equity markets. The Feb NFIB optimism...