Rate Watch 8-9-2010

Cautiously Floating:
Most of the markets including Mortgage Backed Securities are near unchanged on the day. Crude oil is up at $81.78 Per Barrel. Traders are sitting on the sidelines ahead of tomorrow’s Fed meeting. Freddie Mac says it lost 6 Billion in the second quarter 2010 and Asks Uncle Sam for 1.8 Billion to continue operations. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112 .