Rate Watch 8-4-2010

Cautiously Floating:
Mortgage Backed Securities are slightly lower today on news that ADP (Automated Data Processing) employment numbers beat expectations. Stocks are up slightly today on the ADP News. And Crude Oil is near unchanged levels @ $82.16 per Barrel. The US Treasury announced next weeks treasury auctions and they are big as usual @ 78 billion. This continues to weigh on the market. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.