Cautiously Floating:
Crazy day today in all the markets, Mortgage Backed Securities currently up after some pretty significant seesaw action today. Stocks down nearly 100 points on the day and Crude Oil down $2.14 Cents at $77.14 Per Barrel as crude inventories build. In other news the Federal Reserve has purchased over 1 Trillion in Mortgage Backed Securities this year in an attempt to stabilize the housing markets. Additionally the US Budget records reported that there record Budget Deficits again this month for the 13 straight in a row.
If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.
