Rate Watch 11-18-2009

Alert to Lock:


Mortgage Backed Securities are seesawing from loss to gain so far this morning. Yesterday MBS finished the day lower after hitting the new established resistance level. Stocks are down this morning. The Consumer Price Index--which measures consumer inflation--rose higher than expected. Upon hearing the news, a few Fed members voiced concerns about inflation and loose monetary policy. In other news, Housing Starts for October came in sharply below expectations. Overall, however, that number is only down about 25% from where it was a few years ago. If you are anyone you know is considering buying, selling or refinancing please contact me at 801 668 2112.