Rate Watch 6-29-2009

Alert to Lock:
Mortgage Bonds bounce back from previous lows and could be a roller coaster ride the rest of the holiday shortened week as trading desks empty out. Oil higher by $2.33 a barrel at $71.49 just in time for the holiday weekend. (Surprising) Madoff gets 150 years. Stocks near unchanged so far on the day. No Treasury auctions this week other than the usual Treasury Bill offering. China said today that it will continue to buy US debt. If you or anyone you know is considering buying, selling or refinancing please contact me at 801-668-2112.