Derek McClintock's Blog

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Mortgage and Lending - C2 Financial - NMLS# 331867
RECENT BLOG POSTS
Generally quiet early this morning, prior to 8:30 the 10 yr note yield was down 1 bp to 1.82% and 30 yr MBSs +3 bp frm yesterday’s close. At 8:30 weekly jobless claims were better than expected, estimates were for an increase of 25K to 365K after the 37K decline last week; as reported claims drop...
01/24/2013
Rate markets started slightly better this morning with the 10 yr at 1.82% down 2 bp at 8:30; 30 yr MBSs at 8:30 +6 bp frm yesterday’s flat market. US stock indexes early this morning unchanged prior to the 9:30 open. Not much data today; the day’s focus is on the House where there is expected to ...
01/23/2013
Congress gets back to business with the House Republicans offering a bill to increase the debt ceiling for four months. The Republican-led House of Representatives announced plans to vote on a bill as soon as tomorrow to temporarily suspend the U.S. debt limit until May 19. The extension is suppo...
01/22/2013
We are a purchase focused company with excellent turn times!  We also are amazing at refinancing your home loan and keep our refinances under 30 days (unlike the bigger lenders / banks).  We offer basically all loan programs available in today's mortgage market. We are a Direct Lender / Mortgage ...
01/21/2013
Yesterday interest rates increased, today starting a little better as the bond and mortgage markets remain in tight ranges. While the technicals continue to hold bearish biases there is nothing out there now that is likely to drive interest rates in either direction. The debt ceiling debates, the...
01/18/2013
Not a good start today in the bond and mortgage markets. The 10 yr note at 9:00 1.87% +4 bp, 30 yr MBSs -25 bp frm yesterday’s close. 8:30 data was quite a surprise; weekly jobless claims were thought to be down 3K, claims fell 37K to the lowest claims seen in five years (Jan 2008) to 335K. The L...
01/17/2013
A better start this morning after prices declined yesterday in the treasury market, mortgage prices yesterday ended about unchanged but were down from levels at 9:30. This morning prior to economic data the 10 yr note yield down another 2 bp after declining 2 bp yesterday, the yield at 8:30 1.81%...
01/16/2013
this is such a great blog eritten by Nina Hollander from Keller Williams.  There are SO MANY variables that go in to pricing a loan that most peopel don't even think about, that when someones asks me what the rates are... half the time I want to start laughing.  It's like going to the doctor and ...
01/15/2013
More improvement early this morning; yesterday 30 yr MBSs increased 13 bp, at 8:45 today up another 17 bp. Late yesterday (4:30) Bernanke spoke at the U. of Michigan; two points from the speech were interesting. First Bernanke chided Congress to increase the debt ceiling; secondly, he commented t...
01/15/2013
Last week the bond market didn’t get much news; Congress was out and little economic data to think about. This week Congress is back and the debt ceiling debates start in earnest. At 11:30 this morning the President is scheduled to hold a press conference, likely talking about immigration as well...
01/14/2013
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Derek McClintock

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