Rate Watch 5-13-2010

Cautiously Floating:
Mortgage Backed Securities are trading higher due to a softer-than-expected Initial Jobless Claims number's as well as optimism about today's Treasury Bond auction. Stocks are near unchanged levels on the day. Initial Jobless Claims were reported just slightly higher than expectations. Crude oil is down again today @ $74 per barrel on the strengthening US Dollar and downward demand forecasts. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.