Rate Watch 2-24-2010

Cautiously Floating:
Mortgage Backed Securities are up this morning after comments from Fed Chairman Bernanke saying most indicators suggest inflation likely will be subdued for some time and the Fed will continue to evaluate the Mortgage Backed Securities purchase program for an extended period of time. The Fed continues to expect conditions to warrant exceptionally low interest rates for an extended period. Crude Oil prices at $78.96 near flat levels. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.