Rate Watch 3-22-2011

Alert to Lock:


Continued talk of inflation around the world and (Thankfully)the news out of Japan that the worst case nuclear situation seems to have been avoided is weighing heavy on Mortgage Backed Securities again today. Additionally the Fed came out yesterday and stated that It would begin start Selling Mortgage Backed Securities at the rate of 10 Billion per month to unwind their position. Crude Oil is down slightly today @ 101.44 per barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.