Rate Watch 5-7-2010

Alert to Lock:
Stock investors remained jittery following one of the most gut-churning days in Wall Street history yesterday where the DOW lost 998 point in a one hour period then recovered to end the day with a loss of 335. Erroneous trading glitches on nearly 300 stocks reportedly caused the selloff. Stocks and Mortgage Backed Securities continue to trade in a wide range so far today. Volatility is the word for all the markets. Crude Oil is down $2.39 this morning @ $75.41 per barrel. The US Dollar is up this morning and has had a nice run in recent weeks against other foreign currencies. Gold is hovering around the $1200 mark as recent economic conditions have boosted the price of gold. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.