Rate Watch 6-28-2010

Rate Watch 4-28-2010
Mortgage Backed Securities higher this morning amid lot's of buzz about poor economic news, the potential of a double dip recession, and the possibility of the Fed to start buying MBS again are all factors pushing MBS prices higher. Stocks are now in positive territory after being down most of the morning on a light trading day. Crude oil is down.65 cents today @ $78.41. The oil leak in the Golf is now in its 69th day. Inflation remains tame today as the Core PCE year over year is at 1.3%. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.