Rate Watch 4-2-2009

Alert to Lock,

Stocks have risen 23% since March 12th just on speculation of the mark to market could be coming. That has happened today. This is taking money away from mortgage backed securities. Also helping Stocks is optimism that the G20 meeting underway in London will agree on ways to pull global economies out of the current recession.
The number of people collecting state unemployment benefits reached yet another new record, jumping to 5.73 million. If you or someone you know is considering buying, selling or refinancing please call me at 801 668 2112.