Rate Watch 5-12-2009

Cautiously Floating:
Oil at $58.28 a barrel after hitting $60. 00 per barrel earlier this morning.
Stocks slightly positive, Mortgage backed securities slightly positive after this mornings flash of activity. HUD / FHA is seeking to expand loans programs to consumers. Former Fed Chairman Greenspan suggests that the housing industry may be near bottom. If you or anyone you know is considering Buying, Selling or Refinancing please contact me at 801 668 2112.