Alert To Lock:
Mortgage Backed Securities are down this morning on news that Congressman Barney Frank will recommend abolishing Fannie Mae and Freddie Mac. Both Stocks and MBS are lower as the volatility continues. Uncertainty about the economic recovery and the most recent suggestions from the Obama Administration about the Banking System have the market in sell mode as investors square their positions and lock in profits for the week. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.