Rate Watch 7-14-2010

Cautiously Floating:
Stocks, Treasury Bonds and Mortgage Backed Securities are all trading slightly higher so far today. Its earning season and all the big players in the economy will be reporting second quarter earnings over the next couple of days. Retail Sales came in lower than expected for the second month in a row. Although details of the report were mixed, the overall indication is that consumers and businesses remain cautious on purchasing big-ticket items. Crude Oil is down slightly at $76.54 per barrel. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.