Rate Watch 5-24-2010

Alert To Lock:
Mortgage Backed Securities are near unchanged levels so far today in continued volatile seesaw, sideways trading. Today is probably a good day to lock in because MBS appear to be overbought and ready to reverse some of the recent gains. Stocks are in the read so far but have been battling back from the lows of the session. The European crisis continues to dominate the headlines, as one of Spain's biggest banks failed and was taken over by Spain's Central Bank. I will be an eventful week with a jobs report tomorrow and the 134 billion Treasuries Bond sale. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.