Rate Watch 9-13-2010

Cautiously Floating:
After a tough week for Mortgage Backed Securities last week, prices are up big this morning. Investors seem to be on a buying spree and out bargain hunting. MBS lost 184 points last week but are currently higher by 69 points so far today. Stocks are up today and Crude Oil is up at $77.17 on the day. No economic reports due for release today. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.