Rate Watch 3-26-2010

Cautiously Floating:
Mortgage Backed Securities have traded in a wild 150 point range so far this week. Today MBS are up nicely and stocks are down slightly after hitting 18 month highs over the past few sessions. The FED has confirmed several times that the Mortgage Backed Security buying program will end 3-31-2010 and the FED will likely become a seller of MBS going forward. Crude OIL is trading up so far today after a turbulent week in all the markets. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.