Rate Watch 9-4-2009

Alert to Lock:
Mortgage Backed Securities down this morning while Stocks are enjoying a good day so far. Crude oil down at $67.44 per barrel. Volume is light across the board. Bond players bemoaning the recent decision by SIFMA to eliminate some early closes - full session for Bonds today. Many traders are away from there desks today ahead of the Labor Day weekend. Job report this morning showes lob losses less than expected. Traditionally September is the worst month for stocks and after the recent run up in stocks it should be another volatile month for the markets. If you or anyone you know is considering buying, selling or refinancing please contact me at 801 668 2112.