Derek McClintock's Blog

Last Week's Mortgage Rates RecapLast week saw mortgage rates lose significant ground, with rates going up by as much as .5% over the course of the week. It was easy to get caught off guard because most of the increase came from a huge selloff in the MBS (Mortgage Backed Securities) market on Frid...

Closing in 7 days: LOCK. Closing in 7-15 days: LOCK Closing in 15-30 days: LOCK Closing in 30+ days: LOCK   Overnight the US bond market traded a little better but by 9:00 this morning the price gains were over and the 10 yr quietly down 2/32 at 2.49% +1 bp; 30 yr MBSs -3 bps. No US news early on...

How Can Higher Mortgage Interest Rates Help You? Nobody wants to see higher mortgage rates - or do they?  While some may argue that it is coincidence, others would argue that the recent spike up in mortgage rates are helping to drive more home sales.  Pending home sales hit a 6-year high in May, ...