Rate Watch 2-23-2011

Alert to Lock:

The National Association of Realtors (NAR) reported that Existing Home Sales came in better than expected for January. The NAR has come under fire during the past week regarding sales of previously owned homes as the group may have overstated the numbers by 20% over the past three years. Crude oil nears $100 per barrel. Look to be paying more at the pump in the coming weeks. Stocks continue to fall as profit taking continues aided by the turmoil in the Middle East. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.