Rate Watch 2-25-2011

Alert to Lock:
Mortgage Backed Securities are trading slightly higher today. Overall this week was very interesting for MBS. After the initial safe haven pop on Tuesday, which saw Traders jump into US treasuries and Mortgage Backed Securities in response to the Middle East situation, Bonds have not added to those gains…despite the fact that the Libya situation still remains unclear, and Stocks have moved lower. Recent news out this morning is that protestors have been shot and killed in Tripoli. Consumer Sentiment numbers out big this morning with the economy showing continued signs of slow recovery. Crude oil is at $98.23to start the day. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.