Rate Watch 7-6-2009

Cautiously Floating:
Back to work Monday after a nice Holiday Weekend. Stocks, Treasury Bonds and Mortgage Backed Securities all seem to be starting the week at a tame pace. Oil opened up this morning down $2.40 at $64.02 per barrel. News appears to be light and market activity is light as well this morning as many traders are coming back from extended vacations this week. This can lead to some crazy volatility so be prepared to lock if needed. If you or anyone you know is considering buying, selling or refinancing please contact me at 801 668 0109.