Tuesday, June 2, 2009

Rate Watch 6-2-2009

Alert To Lock:
Volatility is the name of the game again today. Mortgage Backed Securities are off there worst levels of the day but are still in the red. Stocks are slightly better this morning after some big gains yesterday. Crude Oil is steady today at $68.50 per barrel. The national average price for gas is $2.49 per gallon. Pending homes sales much better than expected this morning at 6.7% -vs- expectations at .5%. GM officially in Bankruptcy court yesterday to file for BK Protection. If you are considering buying, selling or refinancing please contact me at 801 668 2112.