Rate Watch 10-8-2009

Alert to Lock:


Mortgage Backed Securities are down this morning. Stocks are up and Crude Oil is UP to $70.25 per Barrel. GOLD is surging to $1058 Per Ounce. Demand for the $12Billion 30-yr Bonds was below average. The Bond markets fell after the poor results. House Speaker Nancy Pelosi said Congress will consider extending the tax credit for first-time home buyers, currently set to expire Dec. 1. Initial jobless claims lower than expected at 521K vs. 540K consensus. If you or anyone you know is considering buying selling or refinancing please contact me at 801 668 2112.