Rate Watch 7-14-2009

Alert to Lock:
Mortgage Backed securities down sharply this morning after hotter than expected Producer Price Index numbers showing inflation is a bigger threat that originally considered. Oil up at $60.00 Per barrel. Stocks flat on the day looking for direction. Trading slows as the summer doldrums appear. If you or anyone you know is considering buying, selling or refinancing please contact me at 801 668 2112.