Rate Watch 3-31-2010

Alert To Lock:
Trading at midday slows as Mortgage Backed Securities and Stocks both trading near flat. Mortgage Backed securities had been down as much as 24 points earlier in the secession. Today is the last day of the government’s MBS purchase program so Uncle Sam won’t be stepping in to stabilize the fluctuations in the market as they have done for the past year. Stocks capped by weak economic data. Crude Oil is at $83 per barrel up 63 cents. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.