Cautiously Floating:
Mortgage Backed Securities finished the day in the green after another volatile day of trading. China announced a surprise Christmas Day interest rate hike in an effort to fight quickly rising inflation. The DOW finished near unchanged levels on the day and Crude Oil is at $91.33 per barrel on the day. A Huge East Coast blizzard today is affecting the financial markets and snarling Holiday traffic at many of the nation’s air ports. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.
