Derek McClintock's Blog

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Mortgage and Lending - C2 Financial - NMLS# 331867

ARCHIVED BLOG POSTS

2012 

Prior to 8:30 the US stock indexes were trading higher and the bond and mortgage markets slightly weaker. At 8:30 Oct personal income and spending were released; income was expected +0.2%, it was unchanged, personal spending was thought to be +0.1%, it was down 0.2%. The reaction turned the stock...
11/30/2012
2013 FHA mortgage insurance information   2013 FHA mortgage insurance premiums are going up and also… FHA is making their mortgage insurance premiums be FOR LIFE… no more going away after 5 years and 78% LTV (click link below)…  If you have an FHA buyer you’re working with…. Now is the time to ge...
11/26/2012
Here is a GREAT blog by a fellow mortgage professional that must be read by all Real Estate agents and prospective buyers describing the difference between conventional loans and FHA loans when it comes to having a non occupying co borrower and qualifying with them. In the previous blog on this t...
11/23/2012
US stock indexes started better this morning following rallies in most European markets. Germany’s business confidence index unexpectedly increased moving stocks higher in Europe; in the US at 9:30 the DJIA opened +37, NASDAQ +17 and S&P +5. The 10 yr note rate up 1 bp to 1.69% with 30 yr MBSs -6...
11/23/2012
This 4 bedroom 3 1/2 bath for sale on Mt. Helix in La Mesa, CA has view, views, views. Located in a very quiet neighborhood, this home is ready for a new family. Very close to the 125, 8 and 94 freeways this home is in a great location. Please contact Judy Meeker today for your own private showin...
11/22/2012
Treasuries and MBSs started lower this morning (price) with pre-market futures trading pointing to a soft open in the stock market. At 9:00 the 10 yr at 1.63% +2 bp and MBS price +2 bp frm yesterday’s close. At 8:30 Oct housing starts and permits were released; starts were expected to have declin...
11/20/2012
Somewhat of a quieter open today in the stock and bond markets after the wild trade yesterday taking the DJIA down 313 points and dropping interest rates 10 bp on the 10 yr and increasing MBS prices 56 points. The stock market did act better yesterday than when Pres. Obama was elected four years ...
11/08/2012
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