Cautiously Floating:
Stocks and Mortgage Backed Securities are enjoying an up day so far today.
Bernanke sees moderate U.S. growth in 2010, 'significant economic challenges to remain & the outlook for inflation likely to remain subdued for some time'. Bernanke's remarks on the economy were more detailed than recent statements by the policy-setting Federal Open Market Committee, but were similar in nature. Government Bonds and Mortgage Bonds improved on the news. The US Dollar continues to remain low. Oil is higher by $1 to $77.35/barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.
