Rate Watch 1-10-2010

Cautiously Floating:
Mortgage Backed Securities are starting the week slightly higher. There are no economic reports set for release today, but the Treasury will auction Notes and Bonds this week on Tuesday, Wednesday and Thursday. It will be very interesting to see the appetite for these offerings, especially considering that Mortgage Backed Securities are at their best levels in a month. Be mindful that there is a lot of pushing and pulling within this volatile Bond market coming from Europe, economic reports, Treasury auctions, global inflation, rate hikes, QE2, Stocks and 4th Quarter Corporate Earnings. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.