Rate Watch 6-19-2009

Cautiously Floating:
Mortgage backed securities are up slightly this morning after recent market declines over the past couple of days. Unemployment numbers jumped in May after seeing some better numbers in April. oil higher this morning at $71.72 per barrel. Stocks unchanged on the day. Quadruple Witching occurs today, that's where equity options, index options, single stock futures and index futures expire simultaneously and should add to fuel the volatility. The Federal reserve is planning there monthly meeting next week June 23rd & 24th. The spin they put on things is also something that will affect the markets.
If you or anyone you know is considering buying, selling or refinancing please contact me at 801 668 2112.