Rate Watch:

Alert to LOCK:
Mortgage Backed Securities are down today and the stock market is rebounding and well into the green near the end of closing. Traders are ready to call it a week.
Yesterday the Senate passed the controversial financial regulation bill with sweeping changes for the financial world and the Mortgage Industry. The bill must still be reconciled with the one passed by the House before being sent to the President to sign into law. With this behind us investors are buying stocks and pulling monies out of MBS’s. Crude Oil settles at $70. Per Barrel today and GoLD settles at $11.76 per Troy Ounce. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.