Rate Watch 4-8-2010

Cautiously Floating:
After huge volatility as of late Mortgage Backed Securities are finding some sustainable levels at which to operate. The results from the Treasury Auction were decent but not enough to push MBS’s much higher and will support MBS”S at these levels. Stocks are in positive territory so far today and Crude Oil is near unchanged levels @ $85.66 per barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.