Rate Watch 2-22-2010

Alert to Lock:
Not much action in the markets today as both Stocks and Bonds traded near flat levels as traders held off on taking on any new positions ahead of the weeks economic data, Treasury auctions and Bernanke's testimony. Our 4.5% benchmark coupon spent most of the session clinging to meager gains.  There was a report that the Fed's Yellen said that the Mortgage Backed Security purchase will end on March 31 but that the Fed won't rule out new purchases if economic conditions warrant it.  Stocks were mostly flat as the Dow lost 19 points to close at 10,383.38. Crude Oil closed higher at $80.16/barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.