Tuesday, October 19, 2010

Rate Watch 10-19-2010

Cautiously Floating:
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.