Rate Watch 3-28-2011

Alert to Lock: 
Mortgage Backed Securities as well as stocks are near unchanged levels today. The markets have taken an unexpected day off from the normal turbulent trading of late. However Mortgage Backed Securities are seeing the "safe haven" trade continue to unwind, with prices lower seven out of the last eight trading days. A reading on inflation from the Core Personal Consumption Expenditure was higher than the previous look and is weighing heavy on the Financial Markets today.
If you or someone you know is considering buying, selling or refinancing Real-Estate please contact me at 801 668 2112.