Rate Watch 4-1-2010

Alert to Lock:

With the Fed gone from the Mortgage Backed Securities purchase program MBS's opened lower today, ushering out support that has been in place since January 2009. MBS are currently down 38 points.
Initial Unemployment Claims were reported today just below expectations and down from the previous week's number. Overall, the report indicates that the job market is still very soft, but significantly better than a year ago.  Stocks are up nicely so foar the morning and Crude Oil is up big @ $85 Per barrel.  If you or someone you know is considering buying, selling or refinancing real estate please contact me at 801 668 2112.