My New Blog

VA Loan Summary &

Daily Mortgage Update

April 16, 2010

Good Morning;

Today’s 1 minute Video Update is a recap of the VA loan

http://www.agoodlender.com/MyBlog

Mortgage Bonds started the day to the upside and attempted to break above a tough ceiling of resistance before being turned back. However, breaking news that the Securities and Exchange Commission is charging Goldman Sachs with fraud on subprime mortgages is giving Bonds another lift.

In other news, Housing Starts for March came in higher than estimated and at the highest level since November 2008. Building Permits also came in higher. Despite the good news, Consumer Sentiment was reported below expectations, due to ongoing concerns over the job market.

For now, I recommend floating as I monitor the situation to see if Bonds can improve further. But 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