With Mortgage Bonds trading at a higher level but prices continuing to hit against tough resistance at all-time highs, we are safe watching rates today. The gains are being led by modest inflation numbers from the Consumer Price Index and lowering Stock markets.

The Massive 2300+ Page Financial Regulation Bill was passed yesterday in the Senate by a margin of 60-39 and may be signed by President Obama in a few days to become law. The Bill calls for a new consumer protection agency and prohibits Banks from taking risky bets.

With Mortgage Bonds trading higher hence keeping rates lower, I will recommend a Floating rates for today. If you have any reason to look at refinancing or maybe purchasing a new home please call me today for a free no cost Market analysis and a Payment and fee estimate. Call today Kelly at 801-253-HOME.

Make it a great Day!