Tuesday, July 28, 2009

Rate Watch 7-28-2009

Cautiously Floating:
Oil @ $67/barrel down this morning as investment dollars move into Government Bonds and Mortgage Backed Securities. This is helping Mortgage rates after yesterdays beating. The Federal Reserves Yellen says that Core Inflation to stay under 2% for several more years and several more years to return to full employment. Many debates going on weather the recession is over but all agree that the recovery will take many years. Stocks slightly lower this morning. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.