Rate Watch 2-25-2010

Cautiously Floating:

Mortgage Backed Securities are well into the green so far today as Stocks are sharply lower after news that the financial situation in Greece has gotten worse as well as disappointing employment news. Initial Jobless Claims came in well above expectations this morning. Bernanke is saying that we don’t know the exact effect of stopping the Mortgage Backed Security program and he will be watching it closely. The Federal Reserve is investigating Goldman Sachs and other big banks as to their role in masking the ballooning debt in Greece over the past 10 years. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.