Rate Watch 5-20-2010

Cautiously Floating:

Mortgage Backed Securities enjoying a nice day! Stocks are down big. Crude Oil is down $5.26 today @ $64.22 per barrel. News that other European nations will follow Germany's lead and ban the practice of 'Naked Short Selling' is giving the US Treasure Bond market and MBS’s a big boost higher. Additionally today Initial Jobless Claims report came in at the highest level in a month and well above expectations. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.