Rate Watch 6-8-2010

Cautiously Floating:
Stocks,Treasury Bonds and Mortgage Backed Securities are near unchanged this morning as Stock investors feel concerned over the fragile economy and Bond players await the Treasury Department's auction results this afternoon and MBS’s will follow Treasury Bonds after the results of the governments treasury auction. Concerns in Europe have been weighing on Stocks recently. Last night, Fed Chairman Ben Bernanke took an optimistic tone, saying that he feels the US economy has enough momentum to avoid a double-dip recession. It seems that the financial woes of Europe are playing tug of war with the US Dollar and our fragile economic recovery here in the US. Crude Oil steady today at $73.71 per barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.