Rate Watch 2-16-2010

Cautiously Floating:
Mortgage Backed Securities are up this morning. Stocks are enjoying some nice gains as well this morning. Crude Oil rockets ahead by $3 to $77.13 per barrel. The Federal Reserve’s  Hoenig says that US fiscal policy is on an “Unsustainable Course” (Crazy Huh) and that the government must adjust its tax and spending programs or risk a crisis! Glenn Beck (Radio and Television talk show host) believes that it is a mathematical impossibility for Americans to ever pay off the federal deficit. If you or someone you know is considering buying, selling or refinancing real estate please contact me at 801 668 2112.