My New Blog

Daily Mortgage Update

& Freddie Mac Auction Information

April 5th, 2010

Click Here For A Copy Of The Freddie Mac Press Release On Their Upcoming Auctions

Good Morning;

Today’s 1 minute Video Update is on the newly announced Freddie Mac REO Auctions

http://www.agoodlender.com/MyBlog

Stocks are trading higher this morning based on last Friday's positive Jobs Report, which was released when the market was closed for the Easter holiday. The boost in Stocks is applying selling pressure to Mortgage Bonds.

In today's news, Pending Home Sales saw an 8.2% jump during February, which is a good sign for the housing market.

With Mortgage Bonds already under selling pressure and with another Treasury auction due this afternoon, I recommend locking at this time.

Rodney Roloff

Director of Sales

CA  DRE #1142903

Cal Coast Financial Corporation

39355 California Street; Suite 300

Fremont; CA  94538

(510) 456-3008