Rate Watch 3-8-2010

Cautiously Floating:
Stocks and Mortgage Backed Securities are near unchanged levels so far today. Mortgage backed securities seesawing and trading sideways at the moment. Fears over Greece defaulting on their debts have left investors feeling uneasy, and many of them looked to the safe haven of US Treasury Bonds. But with the situation in Greece appearing less dire, investor appetite for risk may increase and this could be beneficial for Mortgage Backed Securities. Crude oil is down slightly this morning at $81.33 per Barrel. President Obama is criticizing insurance premium increases and in some cases coverage denial and that is driving the Health Care Sector of the stock market down so far this morning. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.