Rate Watch 10-29-2010.

Carefully Floating:
Mortgage Backed Securities opened the day higher, following through on yesterday's positive gains. Stocks are near unchanged on the day. Crude Oil is near unchanged levels so far on the day. Crude Oil still remains high based on the weaker US Dollar. Today Crude Oil is at $81.43 per Barrel. Next week will bring the midterm elections on Tuesday, the Fed Statement on Wednesday and the Jobs Report on Friday - and this is a very influential trifecta of events. With all the potentially high impact news just around the corner, Traders may be reluctant to place any large bets or buy big positions in advance. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.