Derek McClintock's Blog

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Mortgage and Lending - C2 Financial - NMLS# 331867

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2013 

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...
03/30/2013
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...
03/30/2013
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...
03/29/2013
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...
03/28/2013
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...
03/27/2013
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...
03/26/2013
Interest rate markets continue to trade in a tight range, this morning the 10 yr note started down 4/32 at 1.93% +1 bp and 30 yr MBS price at 8:30 -3 bps. US stock indexes early today were pointing to a better opening at 9:30, the same as yesterday; but yesterday after opening better the DJIA dro...
03/26/2013
Cyprus secured a bailout from its creditors; ending a week of financial panic that threatened to see the island nation become the first government to leave the euro zone. In the late hours of Monday morning Cyprus agreed to the outlines of an aid package, paving the way for 10 billion euros ($13B...
03/25/2013
Why Now is the Perfect Time to Buy a House With home prices rising for the third straight quarter, it is pretty hard to argue that the housing market recovery hasn't picked up steam. In fact, according to S&P Case-Shiller, home values increased 7.3% in the last quarter of 2012 alone. That means w...
03/25/2013
Freddie Mac HARP 2.0 Refinance Loans in Marin County 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 Marin County CA.  Fannie Mae HARP refinances are easy, but not a Freddie Mac HARP 2.0 refinance in Marin CA. We can now do Freddie Mac HA...
03/23/2013
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