Rate Watch 9-16-2009

Cautiously Floating;
Mortgage Backed Securities, Stocks and Crude Oil all up this morning on positive economic comments from Bernanke and Buffet. Adding to the good news on the day was better than expected numbers from the Capacity Utilization \ Industrial Production (CPI) Report. Yesterday Stocks across the board hit new highs for the year after being down sharply earlier this spring. Warren Buffet saying that residential housing has bottomed out. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.