Mortgage Backed Securities are trading higher this morning as the unrest in the Middle East continues to fuel a safe haven buying binge into U.S. dollar denominated assets like Treasuries and Mortgage Bonds. Economic reports appear to be taking a bit of a backseat to the Middle East situation as Initial Jobless Claims were reported lower than expected while Durable Orders met expectations. Crude Oil is the big story as well today having topped $100 per barrel yesterday. Saudi King pledges $36B in new benefits to the people in an effort to head off any turmoil in that country. The stimulus will address inflation and housing, expand social security benefits, and ease unemployment and education costs. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.
About Me
- Gary Dickson
- Ogden, Utah, United States
- Serving Mortgage Customers Since 1988
