Rate Watch 4-23-2010

Alert to Lock:
Mortgage Backed Securities are trading lower today on a report out that the FED may start selling its 1.25 Trillion in MBS starting as early as the 3rd Quarter 2010. Also weighing on MBS this morning is next week’s whooping treasure auctions of 129 Billion. Stocks have traded near unchanged levels all morning as investors weigh the data and economic conditions. Crude Oil lowers this morning at $83.14 per barrel. If you or someone you know is considering buying selling or refinancing please contact me at 801-668-2112.