Derek McClintock's Blog

The March ADP private jobs report this morning was weaker than thought; according to ADP private jobs increased 158K, less than the 200K generally thought. The service sector accounted for most of the jobs, +151K, manufacturing jobs +6K while construction jobs showed no gains; the rebuild frm hur...

Treasuries and mortgages opened a little soft this morning with US stock indexes pointing to a better open at 9:30. European stocks rose to a one-week high as trading resumed after a four-day weekend while Italian and Spanish bond yields declined. Italy’s 10-year rate fell eight basis points to 4...

Counseling Your Buyers Through a Bidding War Spring brings warmer weather, flowers, the urge to clean, and this season it's bringing with it bidding wars.  Not yet experienced in every market, but still being experienced in many major markets (especially on the west coast), the bidding war is bac...

Should You Bid More in a Bidding War? Spring brings warmer weather, flowers, the urge to clean, and this season it's bringing with it bidding wars. Not yet experienced in every market, but still being experienced in many major markets (especially on the west coast), the bidding war is back. So ho...

2013 Conventional Conforming Loan Limits in California 1 Unit: $417,000 2 Unit: $533,850 3 Unit: $645,300 4 Unit: $801,950 California Conventional High Cost Area Loan Limits Maximum conventional conforming high cost loan limits are: 1 Unit: $625,500 2 Unit: $800,775 3 Unit: $967,950 4 Unit: $1,20...

Freddie Mac HARP 2.0 Refinance Loans in Santa Barbara CA   So if you’re reading this blog, you must know how hard it is to get a Freddie Mac HARP 2.0 refinance in Santa Barbara CA.  Fannie Mae HARP refinances are easy, but not a Freddie Mac HARP 2.0 refinance in Santa Barbara CA. We can now do Fr...

The bond and stock markets are closed today for Good Friday. I apologize for my error that the bond market would be open today; that was what we were told---obviously incorrect. Mae Culpa.   Although markets are closed today, Feb personal income and spending were reported; income was up 1.1% whil...

The 10 yr and MBSs started a little weaker this morning; early trading in the stock indexes pointing to a slightly better open at 9:30. Neither market however was much different from yesterday’s closes. In Cyprus today, after being closed for two weeks, the banks opened for the first time. Yester...

Once again yesterday as the stock market rallied, the S&P 500 failed to achieve a new high, falling short by 2 points. Early this morning US stock indexes were weaker implying a weak open at 9:30. In Europe all the major markets are weaker. Italy has political issues---again, the Italian 10 yr no...

Freddie Mac HARP 2.0 Refinance Loans in Bakersfield CA Kern County   So if you’re reading this blog, you must know how hard it is to get a Freddie Mac HARP 2.0 refinance in Bakersfield CA Kern County.  Fannie Mae HARP refinances are easy, but not a Freddie Mac HARP 2.0 refinance in Bakersfield CA...