Rate Watch 2-17-2010

Alert to Lock:
Mortgage Backed Securities are down this morning as issues surrounding Greece and other European Union member’s fiscal stability lose some of their sting and growth looks to be chugging along. Stocks are clinging to meager gains so far this morning. The $787 Billion Stimulus Package is a year old today. Crude oil prices reverse course and head lower to $76.87 per barrel as the US Dollar moves higher. Housing Starts came in higher than expected and New Building permits are in line with expectations. If you or someone you know is considering selling, buying or refinancing real estate please contact me at 801 668 2112.