Rate Watch 6-9-2009

Cautiously Floating:
After two weeks of rather bleak news for Mortgage Backed Securities we are slightly in the positive this morning. Stocks are unchanged today so far. The Fed is still selling a massive amount of Treasury Bills and Treasury bonds. Investors are buy short term government debt at a much higher rate than long term mortgage backed securities. Oil is back up this morning at $60.50 per barrel after dropping yesterday. Feel free to contact me if you have any questions about your financial situation and today's market 801 668 2112.