Rate Watch 4-20-2011

Alert to Lock:
Three days after the US downgrade of Treasuries from stable to negative the Dow ended the day at near 3 year highs @ 12,444. Mortgage Backed Securities spent most of the day in the red and took a back seat to the red hot stock markets. Crude oil was up today @ $111.42 and Gold finished the day @1498 per ounce. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.