Rate Watch 2-18-2010

Alert to Lock:
Rising inflation at the wholesale level, record Federal Reserve Auction amounts for next week and a stabilizing stock market have sent Mortgage Backed Securities and Treasury Bond markets lower today. Stocks have managed to hold their gains and Crude Oil is up $1 @ $78.44 per barrel. Fed Chairman Bernanke is set to testify on monetary policy before the Senate Banking Committee next Thursday 2-25-2010. Lastly the Dalai Lama is visiting the White House and President Obama today. If you or any one you know is considering buying, selling or refinancing please contact me at 801 668 2112.