Rate Watch 6-22-2009

Cautiously Floating:
Financial markets are very volatile again today with Mortgage Backed Securities enjoying a positive day while the stock markets are 172 points down at the time of this report. Crude oil down at $68.16 per barrel on the heals of a report out from the World Bank showing that the global economy will shrink 2.9% in 2009. Federal Open Market Committee scheduled this week and record supply of treasuries on sale will make the markets very reactive for sure. Please call me if you are considering buying, selling or refinancing please call me at 801 668 2112.