Derek McClintock's Blog

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Mortgage and Lending - C2 Financial - NMLS# 331867

ARCHIVED BLOG POSTS

2013 

What happened yesterday?   Mortgage backed securities (MBS) lost -49 basis points from Wednesday's close which caused 30 year fixed rates to move upward.  MBS have now lost a big -135BPS from Monday's open to yesterday's close. Once again, we started the day selling off before our first dose of e...
08/16/2013
Here is a great blog post by a fellow loan officer about rising interest rates... why they happened and what to do now.  Great read!When interest rates change, they can change quickly. As a reference, see the interest rates tracked from May 3 to our current market. Rates on May 3rd were in the mi...
08/01/2013
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