Rate Watch 11-4-2010

Cautiously Floating:
Bonds opened the day sharply higher but have since drifted off their highs after the Federal Reserve announced yesterday that it intends to purchase $600 Billion in Treasuries through mid-2011. Initial Jobless Claims were reported above expectations at 450,000. Crude Oil continues to soar higher @ $86.01 today up $1.32 per barrel. The Dow had been up as much as 200 points earlier in the day but has since drifted lower as well. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.