Rate Watch 2-10-2010

Alert to Lock:
Mortgage Backed Securities are down this morning. Stocks are in the red today after a nice run up yesterday. Crude Oil @ $73.88 is down this morning after a big day in the green yesterday. Bernanke speaking to the House Financial Committee yesterday told them that although at present the U.S. economy continues to require the support of low rates, at some point the Fed will need to tighten policy. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.