Rate Watch 8-3-2009

Alert to Lock:
Mortgage Backed Securities down sharply this morning. Nice rally for stocks as there is renewed optimism on the US Economy. Good news about the economy is also fueled by comments by former Fed Charmian Greenspan saying that the recession may be ending soon. Oil above $70 this morning (Ouch!) If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.