Derek McClintock's Blog

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Mortgage and Lending - C2 Financial - NMLS# 331867

ARCHIVED BLOG POSTS

2012 

The equity markets opened weaker this morning boosting the rate markets. Still no directional trend though as the bond and mortgage markets continue in their tight ranges. At 8:30 weekly jobless claims were expected down 2K but fell 6K to 386K; however not a good report. Last week’s claims were r...
06/28/2012
The bond and mortgage markets continue to trade quietly with little change this week ahead of the EU summit beginning tomorrow. The stock indexes a little better early on as May durable goods orders were better than thought. Durables up 1.1% with forecasts of +0.5%; ex the volatile transportation...
06/27/2012
Treasuries and mortgages improved yesterday as the stock market declined; today, as has been the case recently, after a day of improvement in the bond markets prices are weaker. The stock indexes are better this morning, both markets are in tight narrow ranges for the last three weeks.   The Case...
06/26/2012
The backing and filling is continuing today in early activity; the 10 yr note is improving as are mortgage prices while the stock indexes are opening lower. The 10 yr yield has ranged from a high of 1.68% and a low of 1.57% over the last three weeks, mortgage rates have ranged just 6 basis points...
06/25/2012
Treasuries and mortgages opened slightly weaker this morning with stock indexes a little better early on after the DJIA dropped 251 points yesterday. There are no data releases today and being Friday markets are likely to be rather mundane through the day.   Late yesterday afternoon Moody’s lower...
06/22/2012
Weekly unemployment claims at 8:30 were essentially unchanged at 387K -2K from last week. Last week’s claims were revised from 386K to 389K, the fourth week in a row claims have been revised higher from what was originally reported. Continuing clams were unchanged at 3.299 mil. The 4 week average...
06/21/2012
4 Bedroom 5 Bathroom Home For Sale in Poway CA 90264 To Pre-Qualify for this 4 Bedroom 5 Bathroom Home For Sale in Poway CA 90264 call Derek McClintock, Senior Loan Officer with Amerifirst Financial. Derek McClintock will provide the advice necessary for you to obtain financing.   Click here to b...
06/20/2012
Treasuries and mortgages opened weaker this morning ahead of the FOMC statement at 12:30 this afternoon. The consensus is that the Fed will extend Operation Twist at the meeting. The view of more buying at the long end while selling short maturities has grown rapidly this week so it’s likely that...
06/20/2012
6 bedroom 91941 home for sale  When you are considering a move, especially to this  6 bedroom 91941 home for sale  where there are a lot of different areas with separate zip codes, talk to your realtor. Find out which zip codes near this  6 bedroom 91941 home for sale   have lower crime rates, lo...
06/19/2012
Started very quietly today; the 10 yr -2/32 at 1.58% unchanged with mortgages unchanged at 8:45 am. 8:30 revealed May housing starts and permits; expected -1.75% starts fell 4.8%, building permits expected -0.7% were up 7.9%. Headlines on starts didn’t look good but April starts originally report...
06/19/2012
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