Rate Watch 2-9-2010

Alert to Lock:
Mortgage Backed Securities are down this morning as the Bond Markets await the results of the massive $40 Billion Treasury Note auction today. Stocks are up so far today and seem to be shaking off previous concerns about Greek debt and European Union Worries. Additionally the Stand and Poor’s rating company has revised its rating outlook for Bank of America and Citigroup to a negative from neutral / stable. Crude Oil is up .83 Cents to $72.75 Per Barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.