Rate Watch 3-9-2010

Cautiously Floating:
Stocks and Mortgage Backed Securities are near unchanged levels so far today with no new News out from the Fed. Today is the one year anniversary of the Stock Market bottoming out. The Dow has risen 62% since March 9 2009. Crude Oil still at $81.55 per barrel despite some action so far this morning in the oil pits. The Federal Reserve’s Evans still seeing weakness in the labor markets and is saying that Mortgage Interest rates will need to remain low for the for seeable future. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.