Monday, January 24, 2011

Rate Watch 1-24-2011

Mortgage Backed Securities are near unchanged so far on the day with no economic reports set for release and no Treasury auctions.  The calendar will heat up for the rest of the week starting with tomorrow's kickoff to the 2-day Federal Open Market Committee (FOMC) meeting. The policy statement will be released on Wednesday at 2:15pm ET.  Stocks are higher to start the week.  President Obama will deliver his “State of the Union” address on Tuesday night.  Crude Oil  is down this morning @ $87.96 per Barrel.  If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.