My New Blog

Even Better News From MGIC &

Daily Mortgage Update

April 23, 2010

Good Morning;

Great News:  Even Better News:  The announcement from MGIC concerning Mortgage Insurance came out the required scores are even lower then first stated.  Check out the video for the great details and why it is better than what we have currently.

Today’s 1 minute Video Update  is about MGIC’s announcement tomorrow

http://www.agoodlender.com/MyBlog

Mortgage Bonds are trading lower, after yesterday's failed attempt to break above the strong ceiling of resistance at the 50-Day Moving Average.

In the news, Greece asked the European Union and International Monetary Fund to activate its huge bailout. The news is relieving some of the uncertainty in the markets. Here at home, Durable Goods Orders grew at its fastest rate since December 2007 when volatile transportation numbers are excluded. New Home Sales also experienced a huge increase and beat expectations in March.

For now, I recommend floating, as I monitor the market's activity. But be prepared to lock if a change of course is necessary.

Rodney Roloff

Director of Sales

CA  DRE #1142903

Cal Coast Financial Corporation

39355 California Street; Suite 300

Fremont; CA  94538

(510) 456-3008