rate Watch 9-20-2010

Carefully Floating:
Mortgage Backed Securities are trading higher this morning and with no economic reports due for release today, Traders are watching for news on tomorrow's Federal Open Market Committee (FOMC) meeting on monetary policy. Stocks are trading higher this morning and are above a key technical level. All Markets remain very volatility. Crude Oil is up today at $74.81. President Obama saying today that the recession is still real for many Americans. If you of someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.