Rate Watch 6-15-2010

Alert to Lock:
Stock strength pulls investing dollars from Mortgage Backed Securities so far today. Stocks, oil and Treasury bonds all trading higher on the day. Crude Oil is at $75.52/barrel up 40 cents so far today.

The Homebuilder sentiment falls unexpectedly today while NY Manufacturing nearly inline at 19.57 with expectations. President Obama plans to create "Oil Recovery Czar" new on this forth coming. And the Top executives from 5 big oil companies will be on Capitol Hill today in front of the House Energy and Commerce Committee on offshore oil drilling.
 If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.