Rate Watch 5-13-2009

Alert To Lock:
Mortgage Backed Securities seem to be caped at these levels and have been unable to break above these levels to improve mortgage rates. Stocks are lower this morning with concerns coming from Europe that their economies will take longer to improve. Oil flat this morning at $59.00 per barrel. Retail Sales numbers are due out at any time and early reports are suggesting that they will show ongoing consumer tightening and lack luster spending by consumers. If you or anyone you know is considering buying, selling or refinancing please contact me at 801 668 2112.