Rate Watch 4-30-2009

Alert to Lock:
Reuters is reporting that Chrysler is set to declare bankruptcy in Manhattan court. Stocks open higher following through with yesterday's rally. Oil at $50.48/barrel down 55 cents. Personal Income & Spending a bit worse than expected. Inflation tame. Exxon Mobil profits worse than expected. Federal Open Market Committee Meeting statement signals recession easing and optimism. Mortgage backed securities down this morning signaling higher mortgage interest rates ahead. If you or anyone you know is interested in buying, selling or refinancing please contact me at 801 668 2112.