Rate Watch 8-4-2009

Alert To Lock:
Mortgage Backed Securities down again this morning after strong housing data and pending home sales much better than expected. Stocks unchanged on the morning after seeing the best levels for the year yesterday. Crude Oil taking a breather this morning as well down slightly at $70.49 Per Barrel. Inflation numbers out this morning are tame with personal income down and personal spending in line with expectations. If you or anyone you know is considering buying, selling or refinancing please contact me at 801 668 2112.