Rate Watch 9-14-2010

Cautiously Floating:
Mortgage Backed Securities are enjoying another rally today. MBS up big so far on the day after yesterday's big rally despite the better than expected number from Retail Sales. It was the highest reading in five months but in comparison, Retail Sales for August of 2009 were considerably higher, so the economy has slowed. Crude Oil is down slightly at $77.38. Stocks are near unchanged levels after being down earlier in the session. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.