My New Blog

Daily Mortgage Update

March 29, 2010

Good Morning;

Today’s 1 minute Video Update is on FHA/HUD’s new plan to help homeowners who owe more than the value of the property.

http://www.agoodlender.com/MyBlog

Mortgage Bonds opened the day lower, but have since recovered from the worst levels after tame inflation data was reported.

The Core Personal Consumption Expenditure Index for February was reported lower than anticipated, indicating that inflation remains subdued for now. Also in the news, Consumer Spending rose for the fifth straight month, while Personal Incomes were unchanged.

Currently, Bond prices face the 200-Day Moving Average as overhead resistance. For now, I recommend floating, as I carefully watch today's trading activity.

Rodney Roloff

Director of Sales

CA  DRE #1142903

Cal Coast Financial Corporation

39355 California Street; Suite 300

Fremont; CA  94538

(510) 456-3008