Rate Watch 5-4-2010

Alert to Float:
Mortgage Backed Securities are up nicely this morning. Market volatility continues today, with Stocks pulled lower as investors fear the problems in Greece are far from over after public workers began to strike against the bailout plan. Greece to receive a bailout package from the IMF International Monetary Fund, The Greece bailout will be supported by the USA Tax Payers at 12% of the contribution. Later today, the first Senate votes will be cast on the Financial Reform Bill. The looming vote is casting uncertainty into the Stock market and is contributing to the early weakness in Stocks. Lastly Crude Oil is down $3 per barrel at $83.16. If you or someone you know is considering buying, selling or refinance real estate please contact me at 801 668 2112.