Rate Watch 6-18-2009

Alert to Lock:
The Federal Treasury announced another Treasury Bill Auction next week of 104 Billion in seven year notes. This has put all the markets in a bad mood and mortgage backed securities are off hard as a result. Stocks are unchanged on the day and crude oil is unchanged at well at $71.17 per Barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.