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Daily Mortgage Update

April 27, 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

Mortgage Bonds are trading a bit higher, but they're down from much better levels after prices approached resistance at the 50-day Moving Average in early trading and were turned back lower.

In the news, Consumer Confidence rose sharply in April to its highest reading since September 2008. This number is important because the more confidence consumers have, the more likely it is that they will help fuel the economy.

For now, I recommend floating. But with Bonds facing a tough ceiling of resistance and with another Treasury auction this afternoon, 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