Rate Watch 8-11-2010

Mortgage Backed Securities are the beneficiary of a Stock sell off this morning. Investors selling hand over fist this morning after digesting yesterday's Fed Statement and evaluating the global economic climate. Stocks market investors woke up in a foul mood pushing Stocks prices significantly lower, and the cash sales proceeds from Stocks is finding its way into MBS. The Dow Jones Industrial average is down 230 points this morning. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.