Rate Watch 9-22-2010

Cautiously Floating:
The Federal Open market committee Meeting is in session today. In their released statement the Fed promised to provide additional accommodation if needed to support the economic recovery and said that they were not worried about inflation at the moment. August Housing Starts we a bit stronger than anticipated today. Stocks well into positive territory on the day and Mortgage Backed Securities are enjoying a nice day as well. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.