Rate Watch 7-7-2009

Cautiously Floating: Experts seem to be evenly split about the direction of interest rates. Some noted experts are both projecting different directions for the short term Mortgage Interest rates. With no Fed Reports out today traders are watching the 73 Billion Dollar Treasury Auction for a sign of what the markets might be doing. At the time of this report Stocks down slightly and Mortgage Backed Securities down slightly as well. Oil near unchanged levels at $64.48 per Barrel. Rumors abound about a second Government Economic Stimulus Package. If you or anyone you know is considering buying, selling or refinancing please contact me at 801 668 2112.