Rate Watch 6-25-2010

Cautiously Floating:
Mortgage Backed Securities experienced huge volatility again today. MBS traded in a 68 point range finishing the days near session highs. Today’s action erased yesterdays drop near the end of the trading day. Stocks closed the day near unchanged levels @ 10,143.81. Oil gushes higher by $2.14 to $78.66 per barrel. Gold back to record highs of $1,258.  If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.