Rate Watch 5-6-2010

Alert to Lock.

Early morning volatility continues today as the stock market is undergoing some correction and is lower. Mortgage Backed Securities have seesawed near unchanged levels. Experts believe that MBS’s may be over bought and are ready for some correction to the down side. Ahead of the official jobs report tomorrow today I am recommending locking today. In the news today Crude Oil is trading $79.43 per barrel. This is significant because it has been trading above $80 for the past several months. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.