Alert to Lock:
Stocks are up slightly this morning. Mortgage Backed Securities and Bonds around the globe are lower this morning, prompted by China's concerns over pending inflation. Remember, inflation is the archenemy of interest rates--which means, rising inflation will cause interest rates to rise. Crude Oil up $2.19 this morning @ $81.33 as gasoline inventories fall and crude inventories were up less than expected. The Fed to order steep pay cuts to bailed out company executives.
Beige Book Report shows weak consumer spending across the country. The report shows that there has been little wage or price pressures across the country. Commercial real Estate remains weak.
If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112
