Rate Watch 3 3 2010

Cautiously Floating:
Stocks are up slightly so far this morning and Mortgage Backed Securities near unchanged levels after being down earlier this morning. Crude Oil is up this morning @ $80.85 per barrel. The ADP Employment Report showed 20,000 private-sector jobs lost in February. The news comes just days before the government releases its official Jobs Report on Friday. This report shows encouraging signs that the labor market may be bottoming out and ready for the long awaited recovery. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.