Rate Watch 9-7-2010

Cautiously Floating:
Mortgage Backed Securities are starting the day to the upside following last week's sharp losses. Stocks are giving back some of their gains this morning. Crude oil is down this morning @ $73.23 per barrel. Stock futures weak this morning are European credit worries come back into the picture.
The Federal Reserve will release its Beige Book tomorrow, which is a gathering of "anecdotal information on current economic conditions" by each Federal Reserve Bank in its district. The report precedes the Federal Open Market Committee meeting on September 21, and helps Fed members gain insight on the health of the economy.
If you or someone you know is considering buying, selling or refinancing please contacting me at 801 668 2112.