Rate Watch 7-21-2009

Cautiously Floating:
Mortgage Backed Securities are up so far on the morning as Ben Bernake tells congress that inflation should remain subdued through 2010. Unemployment should continue to move higher and peak at the end of 2009. Job insecurities and dropping home values across the nation will curtail consumer spending. Stocks continue there winning ways up again today with positive news out from corporate America for the most part. second quarter reports have been better than expected. If you or someone you know is considering buying selling or refinancing please contact me at 801 668 2112.