Rate Watch 4-12-2011

Continued Locking Recommendation:
Stocks are lower today and US Treasuries as well as Mortgage Backed Securities are up today, receiving safe haven buying on news that the Japan nuclear crisis threat was raised to the highest level possible. The FED’s Three Year Treasury Note auction went very well today putting all the bond markets in a very good mood. Inflation fears have not gone away but the Bond market’s are in a good mood for the moment. Crude Oil down $3.71 @ 106.33 per barrel after a report from Goldman Sachs showed that Crude Oil prices were exaggerated based on supply and projected demand. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.