Rate Watch 4-29-2009

Alert to Lock:
Stocks are positive at the open.
Mortgage Backed Securities flat at the open facing tuff resistance to move higher and improve mortgage interest rates. Oil is higher this morning at $50.39/barrel. Gross Domestic Product numbers comes in worse than expected at -6.1% vs. estimates of -4.7%. Swine flu kills Texas child for the 1st death outside Mexico - the child had recently traveled to Mexico. Federal Reserve is meeting today and their decision will be available this afternoon at 2:15pm ET.
If you or someone you know is considering Buying, Selling or Refinancing please contact me at 801 668 2112.