Rate Watch 4-13-2010

Alert to Lock:
Mortgage Backed Securities have already traded in a 31 point range with continued volatility. With the absence of the Fed from then MBS purchase program the markets look like there will be continued turbulence for some time. No scheduled news out from the FED to speak of. It is however reporting season for major corporations. Small companies and big companies are still trying to figure out how the new health care bill will affect them. The DOW continues to dance around the 11,000 mark. The DOW closed above 11,000 yesterday for the first time since 2008. Stocks are finding this as a major level of resistance. Crude Oil lower this morning at $83.16 down $1.15 as the US Dollar is firming against other major currencies. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.