Rate Watch 4-11-2011

Alert to Lock:
Mortgage Backed Securities are near unchanged on the day. Stocks are slightly to the positive. Crude Oil is down at $111.44 per barrel. The government averted a shutdown late Friday night and reached a deal to fund the government through Thursday 4-14-2011. This gives Congress additional time to draft and pass a spending bill for the rest of the fiscal year. There are no economic reports due for release today. Inflation fears have perked up in recent weeks and are weighing on the markets today. If you or someone you know is considering buying, selling, or refinancing real-estate please contact me at 801 668 2112.