Rate Watch 12-19-2008

Alert To Lock:
President Bush announces a $13.4B loan to GM and Chrysler. Stocks higher after the news. Mortgage Backed Securities taking a breather after run higher in recent weeks. Quadruple witching on tap for the day. This occurs four times annually in the equity markets today so volatility should be rampant. Oil at $34.94 that’s down over $5 in recent days.