Rate Watch 5-11-2010

Mortgage Backed Securities up this morning as investors take some off their profits from yesterday’s stock rally off the board and place in the safe haven of Mortgage Backed Securities. Today it's the blame game on Capitol Hill today - Oil Executives grilled on the massive oil spill. And Regulators are sifting through 'voluminous' records but haven't yet found evidence of a so-called fat-finger error that may be behind Thursday's plunge in which the Dow sank more than 700 points in just 15 minutes. Gold is at a 5 month high today at $1281.44 per ounce and Crude Oil is near unchanged today at $77 per barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.