Rate Watch 5-27-2010

Alert to LOCK
Mortgage Backed Securities are sharply lower on news that China will support European investments, which is helping U.S. Stocks and unwinding some of the recent flight to quality in Treasury Bonds and MBS. Crude Oil is up $3 per barrel today @ $74.59. The Gulf Oil Spill now bigger than the Exxon Valdez Disaster. And today Apple Computers surpass Microsoft as the world’s largest capitalized tech stock. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.