Rate Watch 12-4-2009

Alert to Lock:
The Jobs Report is out – and the numbers were a big surprise to the markets.
The Labor Department reported that only 11,000 jobs were lost in November, far fewer than the 125,000 job losses that were expected. Adding to the good news, the Unemployment Rate improved to 10.0%, down from last month's reading of 10.2%. While the news is great for the economy, it's not good for Mortgage Backed Securities which are down for the third straight day. Stocks are up slightly on the news. The US Dollar is stronger today and investors are cashing in profits and squaring their positions on Gold. GOLD is down $43 an ounce today @ $1,174. Crude Oil is lower today by 90 cents at $75.58 per barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112..