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March 15th, 2010 9:57 AM

Daily Mortgage Update

March 15, 2010

 

 

Good Morning;

 

Mortgage Bonds are trading lower so far today and testing support at the 50-day Moving Average.

In the news, this morning’s Empire State Manufacturing report was close to expectations. Industrial Production and Capacity Utilization also came in near expectations.

As long as the Bond remains above the 50-day Moving Average, I recommend floating. I will continue to monitor the situation and 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

 


Posted by Rodney Roloff on March 15th, 2010 9:57 AMPost a Comment (0)

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