Rate Watch 9-15-2010

Cautiously Floating:
Mortgage Backed Securities are trading lower today but are off their worst levels of the day. Stocks seemed to be capped by technical issues so far today. Should Stocks move convincingly above these current levels, it will add pressure to Mortgage Backed Securities. Should you or someone you know be considering buying, selling or refinancing real-estate please contact me at 801 668 2112.