Monday, March 15, 2010

Rate Watch 3-15-2010

Cautiously Floating:
Trading today in all markets appears to be light ahead of tomorrow’s one day Federal Open Market Committee Meeting (FOMC). Stocks, Mortgage Backed Securities and Treasuries appear to be trading lightly so far today. Crude oil is down today @ $79.55 as the US Dollar continues to strengthen. Possible tightening of China’s monetary policies continues to weigh on the markets as well. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.