Rate Watch 6-10-2010

Alert to LOCK:
Stocks are up 200 points to start the day today. Mortgage Backed Securities are sharply lower. The Euro's freefall is finally showing some signs of stabilization but the ongoing problems in Europe are huge. Crude Oil is up yesterday and up again today @ 76.33. In the Jobs report today Initial Claims were slightly higher than expected. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.