Rate Watch 12-3-2010

Cautiously Floating:
The Labor Department reported today that there were less jobs created in November than expected, which sent the Treasury Bond Markets And the Mortgage Backed Securities Markets surging. Both markets have lost a bit of steam but are still well into the green.
Former Fed Chairman Alan Greenspan was out this morning saying that Stocks, from an investment standpoint, are at the most valuable level as compared to Bonds in the last 50 years. Additionally Former Fed Chief is saying that the biggest problem facing the nation is the federal deficit. Crude Oil is down this morning at $87.57 per barrel. If you or someone you know is considering buying selling or refinancing real-estate please contact me at 801 668 2112.