Rate Watch 5-20-2009

Alert to lock:
Stocks and Mortgage Bonds open slightly to the positive this morning but both face tuff overhead resistance. Both stocks and mortgage Bonds are clinging to slight gains ahead of the memorial day extended weekend. Wholesale oil jumped $2.00 per barrel yesterday as oil inventories fall ahead of the summer driving season and Memorial Day Weekend. April Federal Reserve meeting minutes are due out later today and these comments will be watched closely for the comments about inflation and the tone and attitude about the financial markets. if you or anyone you know is considering Buying, Selling or Refinancing please contacetme at 801 668 2112.