Rate Watch 4-2-2010

Alert to Lock:

Mortgage Backed Securities are down sharply this morning. Treasury Bonds are having a very bad day as well. With the FED having exited the MBS Purchase program things have not been going well for mortgage rates over the past several days. Today’s Jobs report shows some improvement in what is a very weak jobs recovery. The report is unfriendly to mortgage rates but could be seen as friendly for the overall economy. Crude Oil up this morning and is currently at $85.11 per barrel. The Stock Market is closed today for Good Friday. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.