Rate Watch 6-16-2009

Cautiously Floating:
The roller coaster rides continues this morning as Mortgage Backed Securities had been down as much as 44 points earlier this morning and are now back to unchanged levels. Stocks had been down earlier in the session but now are in positive territory. Oil is up this morning at $72.20 per barrel. The dollar is weaker against other major currencies. The Producer Price Index showing today that inflation is still in check. If you or anyone you know is considering buying, selling or refinancing please contact me at 801 668 2112.