Rate Watch 3-11-2010

Alert to Lock:
Stocks, Treasury Bonds, Mortgage Backed Securities and Crude Oil @ $81.56 per barrel are all near unchanged levels and are having a light trading day so far. Hints of inflation being on the rise in China have applied pressure to all the markets around the world. China will need to take measures to curb inflation which will include monetary policy tightening. Interest rate hikes are a likely part of their monetary tightening to stabilize their currency. The Fed has nearly exhausted their 1.25 Trillion Dollars allotted to prop up the mortgage lending industry. They have 24 billion left to apply over the next three weeks to exhaust their commitment. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112