Rate Watch 4-26-2010

Carefully Floating:
Mortgage Backed securities are starting the day higher but, there has been much greater volatility lately in the MBS markets, with large price swings in both directions. It's no coincidence that the volatility has increased just after the Fed exited their buying program. And the absence of the Fed's steady hand is being felt again this morning, as we've already seen a gap open higher in pricing. Stocks are up this morning and Crude Oil is steady at $85.33.
Don't forget, this is the last week to take advantage of the Homebuyer Tax Credit. Contact me to qualify before it's too late." Call me 801 668 2112.