Rate Watch 7-1-2009

Alert to Lock:
Mortgage Backed securities are near unchanged levels this morning. Stocks are up slightly and crude oil is down slightly at $69.57 per barrel after an inventory report shows strong reserves currently available. Traders are selling long and covering shorts ahead of tomorrows jobs report and the huge supply of treasuries up for auction next week. If you or anyone you know is considering buying, selling or refinancing please contact me at 801 668 2112.