Rate Watch 9-30-2010

Alert to Lock:
Mortgage Backed Securities are off of their worst levels of the day but are still trading lower today and continue to be trapped between resistance and support. Better Jobless Claims and a slightly better than expected final read on Gross Domestic Product (GDP) for the 2nd quarter, both beating expectations. Crude Oil is up this morning @ $79.00 per barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.