Rate Watch 3-24-2011

Alert to Lock:
Continued Volatility is the name of the game again today. Mortgage Backed Securities are under pressure this morning following through from yesterday's sharp move lower. (Mortgage Rates are Higher) Stocks are up a bit this morning. In economic news, people filing for unemployment insurance fell modestly last week while Durable Orders, or goods lasting more than 3 years, came in below expectations. Crude Oil is up this morning at $104.45 per barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.