Rate Watch 2-3-2011

Alert to Lock:
Turmoil in Egypt, rising commodity prices and growing inflation fears in Europe Have stung the bond markets as of late. Mortgage Backed Securities have opened lower and are below support levels that have previously held since the end of December - not a good technical signal. The big news of the week is the closely watch Jobs Report that will be released tomorrow morning and I am recommending to Lock ahead of this report. So, If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.