Rate Watch 1-4-2010

Carefully Floating:
Mortgage Backed Securities are in the green so far this morning. Stocks are taking a slight breather at the moment after a real nice run higher. The FED is out buying treasuries again this morning which is giving MBS a lift. Profit taking hits the oil markets today after a huge run higher. Crude Oil is now at $88.76 per barrel down $2.81 on the day. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.