Rate Watch 5-28-2010

Cautiously Floating:
Mortgage Backed Securities start the day off higher after yesterdays sell off where MBS lost 51 points. Treasury Bonds and MBS are benefiting this morning from a tame read on inflation as well as investors parking money in the safe haven of Treasury bond and MBS to shelter themselves from the uncertainty of a long weekend. Crude Oil is near unchanged levels @ $74.59 per barrel. Stocks down big to start the morning but have staged a nice come back near the end of trading today. Today is a shortened trading day with markets set to close at 2PM and re-open on Tuesday. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.