Rate Watch 9-10-2009

Cautiously Floating:
Mortgage Backed Securities, Stocks and Oil all up slightly. In the news, Initial Jobless Claims were reported better than expected, but still at a high level. Continuing Claims, which represent the number of people still receiving benefits, dropped a bit. But this may be due to benefits expiring rather than people finding new jobs. CNBC"S Santelli gave the Fed Auction a A+ today. This is a good sign for stable mortgage rates. I f you or anyone you know is considering buying, selling or refinancing please contact me at 801 668 2112.