Mortgage Backed Securities are trading higher this morning on the heels of a better than expected Housing Starts number. The Commerce Department reported today that Housing Starts for September rose 0.3% and was the 3rd consecutive month of expansion and the highest level of Starts since April. The same report showed that building permits were down 5.6%. Stocks, Crude Oil and Gold were all down today. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.