My New Blog

Money For Repairs III

Daily Mortgage Update

April 21, 2010

Good Morning;

Today’s 1 minute Video Update  is Part III about finding Money For Repairs

http://www.agoodlender.com/MyBlog

Mortgage Bonds are trading higher and are testing resistance at the 25-Day Moving Average. There are no economic reports due out today, so prices may be pushed back lower from this resistance.

In the news, corporate earnings reports were a mixed bag this morning. McDonald’s, Morgan Stanley and Apple beat estimates, while Boeing fell short and Wells Fargo fell. Overall, the Stock market is modestly higher so far this morning.

For now, I recommend floating, as I monitor how prices behave near the 25-Day Moving Average. 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