Rate Watch 9-172009

Cautiously Floating:
Mortgage Backed Securities are up this morning shrugging off the positive news from the Philly Fed Index and the huge Treasury Auctions slated for next week. Stocks are a bit lower this morning as traders are cashing in some gains after the recent run up in stock prices. Crude oil unchanged at $72.60 / Barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668-2112.