Rate Watch 3-10-2011

Alert to Lock:
Volatility dominated t all he markets again today. Treasury Bonds Moved higher as well as Mortgage Backed Securities were higher today as well. Stocks tried to rally mid day but were turned much lower by the news from Saudi Arabia that police were firing rubber bullets at protestors. The Dow dropped 228.48 to 11,984.61, the S&P 500 Index lost 24.91 to 1,295.11 while the tech heavy Nasdaq fell 50.70 to 2,701.11. Oil settled at $102.70/barrel down $1.68 and traded as low as $100.62 before the Saudi news hit the wires. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.