Rate Watch 9-28-2010

Floating:
Mortgage Backed Securities started the day higher, adding to yesterday's gains, and then received an additional boost on a very weak Consumer Confidence report. 53.0 expected -VS- the actual number of 48.5. Stocks are holding onto meager gains so far today. Gold hits another record high today at $1307 per Troy Ounce. Crude Oil near unchanged at $76.31 per barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.