Rate Watch 4-5-2010

Alert to Lock:
Mortgage Backed Securities move to worst levels of the session on stronger than expected data from the FED and the absence of Fed buying Mortgage Backed Securities. Crude Oil is now nearing $87/barrel on economic recovery optimism. Stocks are up this morning and move to near best levels of the session. Strong numbers from the Pending Home Sales report. They anticipated -0- Changed and received 8.2% increase for February. If you or someone you know is considering buying, selling or refinancing real estate please contact me at 801 668 2112.