Rate Watch 10-6-2010

Carefully Floating:
Mortgage Backed Securities are up big today after a weaker than expected ADP Report (Automatic Data Processing Inc.). The disappointing ADP Report is leading the markets to believe that Friday's official Jobs number may show a poor reading as well. MBS prices are back near record highs. Crude Oil is @ $82.53 per barrel. The dollar is weaker against most major currencies. Gold is still at all time record highs @ $1344 per ounce. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.