Rate Watch 8-6-2010

Carefully Floating:
Mortgage Backed Securities up this morning and the Stock market is down. Crude oil is near unchanged levels today @$81.32 per barrel. The Jobs Report for July came in worse than expected this morning, while the June number was revised much lower revealing that the labor market continues to be weak. Within the report it showed that the private sector added jobs at a slower pace than expected. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.