Rate Watch 3-30-2011

Cautiously Floating:
Mortgage Backed Securities are trading higher this morning as the Bond markets try to stabilize from the recent downtrend. Stocks are near unchanged on the day. In economic news, ADP reported that private job creations in March were in line with expectations. The number showed that the trend in the labor market continues to improve, albeit at a slow pace. Crude oil is trading down this morning @ $104.46 Per Barrel. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.