Rate Watch 5-28-2009

Mortgage Backed Securities flat this morning after yesterdays huge sell off. MBS have lost over 336 points in the past five trading day's pushing rates up approximately .5%. Stocks are flat this morning as well after yesterdays sell off. Oil is higher this morning at $63.69 per Barrel. GM stock shares halted as bankruptcy looms. GM shareholders accept amended debt for equity offer. If you or someone you know is considering buying selling or refinancing please contact me at 801 668 2112.