Rate Watch 6-3-2010

Alert to Lock:
Mortgage Backed Securities have been unable to break through a tough ceiling of resistance, as the markets start to position themselves for tomorrow's important Jobs Report. The ADP Employment Report marked the fourth straight increase in private-sector jobs and Initial Jobless Claims were reported essentially in line with expectations. The job market is improving, but it's still struggling. Crude oil is up this morning @ $73.33 per Barrel. Stocks opened Higher but have since drifted lower. If you or someone you know is considering buying, selling or refinancing real-estate please contact me at 801 668 2112.