My New Blog

Mortgage Insurance to 95% &

Daily Mortgage Update

April 22,2010

Good Morning;

Great News:  There will be an announcement on Friday that MGIC will bring back high loan-to-value mortgage insurance.  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 getting a slight boost this morning due to a worse-than-expected Initial Jobless Claims report and weakness in Stocks relating to more bad news about Greece's budget deficit.

In today's economic reports, Initial Jobless Claims came in slightly higher than expectations, as did March's Producer Price Index, which gauges inflation at the wholesale level. On the plus side, Existing Home Sales were also reported higher than expectations, and the inventory of unsold homes fell to an 8-month level from the previous 8.6-month reading.

For now, I recommend floating. But with Bond prices trading near a think ceiling of resistance and with next week's auctions being announced today be prepared to lock if the situation changes

Rodney Roloff

Director of Sales

CA  DRE #1142903

Cal Coast Financial Corporation

39355 California Street; Suite 300

Fremont; CA  94538

(510) 456-3008