Rate Watch 9-25-2009

Cautiously Floating:
Mortgage Backed Securities up this morning and Stocks are down at the moment.  Both seesawing back and for the so far this morning.  Crude Oil up 37 cents after this weeks sell off.  Crude currently at $66.29 per barrel.  Durable Goods Orders for August unexpectedly fell 2.4% for the largest decline since January.  New Home Sales for August were reported slightly lower than expectations. However, the report showed some signs of an improving market as the inventory of unsold homes dropped to its lowest level since January 2007.  President Obama condemns Iran for hiding the existence of a secret nuclear facility and demands it opens to international inspections.  If you or anyone you know is considering buying, selling or refinancing please contact me at 801-668-2112