My New Blog

Jumbo Loans to $40,000,000 &

Daily Mortgage Update

April 26, 2010

Good Morning;

Today’s 1 minute Video Update  is about Super Jumbo loans with interest rates in 4’s & 5% interest rates.  Talking about loans from $2,000,000 to $40,000,000.

http://www.agoodlender.com/MyBlog

There has been much greater volatility lately in the Mortgage Bond market, with large price swings in both directions.

It's no coincidence that the volatility has increased just after the Fed exited their buying program. And the absence of the Fed's steady hand is being felt again this morning, as we've already seen a gap open higher in pricing.

I recommend floating for now, but be prepared to lock if today's Treasury auction negatively impacts Bonds. And don't forget, this is the last week to take advantage of the Homebuyer Tax Credit. Contact me to qualify before it's too late.

Rodney Roloff

Director of Sales

CA  DRE #1142903

Cal Coast Financial Corporation

39355 California Street; Suite 300

Fremont; CA  94538

(510) 456-3008