Rate Watch 12-22-2008

Alert To Lock!

Oil falls to $41/barrel down $1.31. Stocks mixed in early trading. Gas prices fall to $1.66 on average for a regular gallon of gas across the country, a 5 year low. Markets relatively quiet in this holiday shortened week. Mortgage Backed Securities lower. No economic releases due for today. Ogden Utah based Flying J Corp has filed for reorganizational bankruptcy this morning filing related to its credit lines and the recent drop in crude prices.