Rate Watch 11-23-2010

Carefully Floating:
Mortgage Backed Securities are trading higher this morning, as investors park their money in the safe haven of US Treasury Bonds and MBS on news that North Korea has attacked South Korea. Subsequently stocks are have a rough day so far. The National Association of Realtors reported today that Existing Home Sales were nearly in line with estimates for October signaling that housing sales activity is certainly improving off the "bottom", and if economic and labor conditions can continue to inch towards improvement, housing activity will follow. Crude oil is down again this morning @ $81.00 even. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.