Rate Watch 2-10-2011

Alert to Lock:
Mortgage Backed Securities are still under water on the day. Initial Jobless Claims came in at the lowest level since July 2008. This is a good reading and indicates that the labor market is slowly gaining positive traction. Further improvement will likely lead to an improvement in the housing market, but also higher home loan rates over time. BREAKING NEWS: Egyptian President Mubarak to resign, sources tell NBC News. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.