Rate Watch 6-22-2010

Cautiously Floating:
FED Day today as the Fed decides to keep the Fed Funds Rate the same which is good for mortgage interest rates. FED also stated that Inflation has remained at subdued levels. Mortgage Backed Securities remain at all time best levels and stocks are up slightly on the day. Crude oil falls on inventory buildup and today crude is at $75.70 per barrel down $2.20..
In other important news USA defeats Algeria 1-0 and is set to advance to the final 16 in World Cup Play. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.