Rate Watch 11-30-2009

Cautiously Floating:


Mortgage Backed Securities have traded in a tight range so far this morning. Stocks are near unchanged levels so far today. Crude oil flat today as well and gold enjoying all time highs today @ $1188 per ounce. News that Dubai requested time to make their debt payments shook the financial markets around the globe last week and the resulting flight to safety pushed Mortgage Backed Securities higher.

Black Friday came and went and the early read is that the shopping traffic is up, but the dollars per shopper may be down a touch. Today is cyber Monday and is typically the busiest online shopping day of the year. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.