Tuesday, November 17, 2009

Rate Watch 11-17-2009

Cautiously Floating:
Mortgage Backed Securities are up slightly this morning. Stocks are down slightly after yesterdays big run up. Crude Oil near unchanged today at $78.73 per barrel. October's Producer Price Index--which measures wholesale inflation--came in lower than expected, indicating there is no fear of inflation currently. In other economic news, Capacity Utilization and Industrial Production were reported in line with expectations. 
If you or someone you know is considering buying, selling or refinancing please contact me at 801-668-2112.