Rate Watch 6-1-2010

Cautiously Floating:
Mortgage Backed securities closed slightly higher today despite a fall in Stocks as investors looked to Treasury Securities, the dollar and gold as a safe haven given the current economic environment. Today the US government launched a criminal and civil probe into the BP oil leak.. Oil closed down $1.39 to $72.58/barrel seesawing for most of the session as the BP news weighs on the energy sector. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.