Rate Watch 3-18-2010

Alert to Lock:
Mortgage Backed Securities are down this afternoon despite a report showing inflation remains quite low for now. The Consumer Price Index, which measures inflation at the consumer level, came in just below expectations for February. Additionally, Initial Jobless Claims were reported in line with expectations. However, the labor market continues to be very weak. Crude Oil is down this afternoon @ $81.93 per barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.