Rate Watch 7-1-2010

Not much action for Stocks and Mortgage Backed Securities today. Stocks spent the day in negative territory but did manage to pare some of those losses by the close of trading. The Dow fell for a 6th straight day to 9,723.53 down 41.49,.Crude Oil fell $2.68 to $72.95 per barrel on a possible global slowdown. Tomorrow brings the closely watched Jobs Report where it is expected that there were 100,000 jobs lost in June, mostly due to layoff of Census workers. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.