Rate Watch 5-22-2009

Floating:
Mortgage Backed Securities are slightly positive this morning after yesterdays sell off. MBS have traded in a 60 point range already this morning and has been quite volatile. Oil near $70 jumping $8.00 per barrel yesterday. (Higher oil prices are no friend of mortgage Interest Rates.) No economic data reports due for release today. markets to close early today ahead of the memorial day weekend. Trading is expected to be light. if you or anyone you know is considering buying, selling or refinancing please contact me at 801 668 2112.