Derek McClintock's Blog

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Mortgage and Lending - C2 Financial - NMLS# 331867
RECENT BLOG POSTS
Last Week's Mortgage Rates Recap Last week saw interest rates remain very stable, not really improving too much even though we did see some MBS (Mortgage Backed Security) market improvements. Why does this happen? Well, many reasons can contribute, including supply and demand (lenders have a very...
04/15/2013
Last Week's Mortgage Rates RecapLast week saw interest rates remain very stable, not really improving too much even though we did see some MBS (Mortgage Backed Security) market improvements. Why does this happen? Well, many reasons can contribute, including supply and demand (lenders have a very ...
04/15/2013
Mortgage Rates Hold Steady Following last week's large rally, it was a relatively quiet week for mortgage rates. In the economic reports released this week, inflation remained low and the economic growth data was mixed. Mortgage rates ended the week with little change. The economic report which ...
04/12/2013
Weekly jobless claims out this morning at 8:30; claims were widely expected to have declined 20K to 25K, as reported claims fell 42K to 346K. Last week claims increased 28K, more than was expected at the time. The last two weeks of claims appear to have been to smooth out swings due to the Easter...
04/11/2013
The Federal Reserve made a huge error yesterday; it sent out the FOMC minutes yesterday afternoon to members of Congress; a day ahead of when the minutes were supposed to be released. The minutes were expected at 2:00 this afternoon, after the mistake yesterday the minutes were released this morn...
04/10/2013
Very early this morning the 10 yr note yield was up a basis point at 1.75%; but by 9:00 the 10 improved a little to unchanged at 1.74%. US stock indexes looking better at 9:00 with the DJIA pointing to a 35 point open at 9:30; 30 yr MBS price up 2 bp frm yesterday’s close. U.S. stocks rallied yes...
04/09/2013
Last Week's Mortgage Rates Recap Last week we ended the week with significantly better mortgage rates than we started - depending on the lender it was anywhere from .125% to .250% improvement to mortgage rate on the average loan. After so many weeks of rates being in a tight range with little imp...
04/08/2013
This Week follows on the best week’s we have had recently in the interest rate markets. Monday should however see some pressure in bonds and mortgages after such a deep decline in rates last week. There isn’t a lot of data this week, March retail sales is the most critical with questions about ho...
04/08/2013
The first Friday of every month is almost always one of shock and awe; the release of the monthly employment data is rarely a calm event. Today the March data didn’t disappoint in terms of surprise. The unemployment rate hit at 7.6% down frm 7.7% in Feb, so far on the surface that looks good, but...
04/05/2013
Prior to 8:30 this morning the 10 yr note and MBS prices were slightly better after the strong improvements yesterday. North Korea is rumbling and the US is responding with increased military readiness, investors turning more to safety in US treasuries. The early activity in the stock index futur...
04/04/2013
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Derek McClintock

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