Daily Mortgage Update
March 18, 2010
Mortgage Bonds are off their best levels, but are still trading slightly higher after a report showed that inflation remains quite low for now.
The Consumer Price Index, which measures inflation at the consumer level, came in just below expectations for February. Also in the news, Initial Jobless Claims were reported inline with expectations. Overall, however, the labor market continues to be very weak.
For now, I recommend floating, as I monitor the day's news. I will let you know if a change of course is needed.
Rodney Roloff
Director of Sales
CA DRE #1142903
Cal Coast Financial Corporation
39355 California Street; Suite 300
Fremont; CA 94538
(510) 456-3008
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