Rate Watch 6-24-2010

Alert to Lock:
Profit taking and technical resistance pushed Mortgage Backed Securities lower today after a couple of good weeks. Traders took an opportunity to sell into most markets. Stocks took it on the chin after the Fed said that the US economic recovery may not be as hoped and as fears of a double dip recession gripped Wall Street. The Dow fell 145 points to end at 10,152.80. Oil settled at $76.51/barrel up 22 cents. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112