Rate Watch 6-4-2010

Carefully Floating:
Mortgage Backed Securities are up this morning but continue to face very stiff overhead resistance. Stocks are down 263 points at the moment. The long awaited jobs report out today was a disaster. 431,000 new jobs created in May 2010 of those jobs 411,000 were newly hired census workers. Crude Oil is down$2.79 @ $71.80 per barrel. Renewed fears from Europe, this time it is the country of Hungary. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.