Rate Watch 5-17-2010

Cautiously Floating:
US Debt Markets including Mortgage Backed Securities and the Treasury Bond markets continue to attract buying interest as a safe haven from the ongoing problems in Europe.  Helping Treasury Bonds and Mortgage Backed Securities retain their bid higher are a weak stock market and crude oil continues lower @ $70.41 per barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.