Rate Watch 12-29-2010

Cautiously Floating:
Mortgage Backed Securities had a good session today reversing yesterday’s losses. Stocks had a dull day with low volumes. Crude Oil still at $91.444 per barrel. (Get Ready for higher fuel prices at the pump.) Tomorrow economic data includes Initial unemployment claims and pending home sales report. Expect continued volatility!!! If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.