Rate Watch 2-1-2010

Alert To Lock:


Mortgage Backed Securities are down this morning and stock prices are up nicely after 3 weeks of losses. Crude oil is up .73 cents per barrel at $73.75. Slight hint of inflation in today’s data keeps MBS’s lower. Personal Income for December was reported slightly above estimates, but Consumer Spending came in slightly below expectations as Americans continue to focus on saving and paying down debt. President Obama sends 3.8 trillion budget to congress today.  If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.