Rate Watch 6-15-2009

Cautiously Floating:
Mortgage Backed Securities are enjoying there third business day in a row with good news for Mortgage Interest rates after the huge sell off over the past couple of weeks. Stocks opened sharply lower giving a boost to Mortgage Backed Securities as well today. Six Flags moves into bankruptcy court today. The numbers coming from Washington still show that the economy is still very fragile and weak as we start to move out of recession. There are no Treasury Auctions scheduled this week thankfully! Oil down this morning at $71.00 per barrel. If you or anyone you know are considering buying, selling or refinancing please contact me at 801 668 2112.