Rate Watch 3-3-2011

Alert to Lock:
Mortgage Backed Securities are trading in negative territory in response to a much lower than expected reading from the Initial Jobless Claims report. In addition, Stock markets are rallying on the claims data and after a peace plan was proposed for the unrest in Libya. Crude Oil is down this morning @ 101.13 per barrel. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.