Cautiously Floating:
Mortgage Backed Securities are near unchanged levels so for this morning. Stocks are also up 150 this morning trading sharply higher so far today after the G-20, a group of finance ministers and central bank governors from 20 world economies, pledged to keep aid flowing to global economies until a recovery was assured. Gold is at record highs today as well currently at $1110.85 per Troy Ounce. Crude Oil up $2.36 @$79.77 per Barrel on news that late season Hurricanes may disrupt production in the Gulf of Mexico and a weaker Dollar. There are no economic reports today but there is plenty of supply hitting the market via the Treasury auctions which could weigh on Mortgage Backed Security prices. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.
