Rate Watch 3-4-2010

Alert to Lock:
Stocks are up this morning and Mortgage Backed Securities are up in seesaw trading. The advice to lock is ahead of the official Jobs report tomorrow which will be a stinker by any estimate. Initial Jobless Claims were reported in line with expectations, and Continuing Claims fell slightly. The numbers were so-so at best. Additionally Pending Home Sales for January came in much worse than the expected, due in part to inclement weather. Crude Oil flat this morning @ $80.42 per barrel. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.