Rate Watch 10-9-2009

Alert to Lock:

Mortgage Backed Securities are down 59 ticks so far this morning. Stocks are up after being down earlier in the session. Crude Oil falling .69 cents this morning as the Dollar gains some strength causing gold prices to ease as well. Bernanke saying that once the economy has regained some footing the FED will have to raise rates to ward off inflation. Monday is Columbus day so we look for continued volatility as traders leave there offices and trading slows for the balance of the day. (Light trading days have the potential to cause huge volitility in the markets.)  If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.