My New Blog

Fannie Mae's National Housing Survey &

Daily Update for April 6th, 2010

Click here for a copy of the Fannie Mae National Housing Survey

Good Morning;

Today’s 1 minute Video Update is on the newly released Fannie Mae’s National Housing Survey

http://www.agoodlender.com/MyBlog

So far this morning, Mortgage Bonds are experiencing a bounce off their recent lows.

Later this afternoon, the minutes from last Fed Meeting will be released. These minutes may give us a better understanding on how individual Fed members feel about the 'extended period' language and the selling of MBS. We'll also see the results of the Treasury's $40 Billion 3-Year Note auction this afternoon, which could impact trading.

Since Bonds are currently experiencing a rebound, I recommend floating for now. I will let you know 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