Rate Watch 7-22-2010

Alert to Lock:
Mortgage Backed Securities fell today as Stocks rallied on the heels of strong earnings reports for the 2nd quarter. Stock investors shrugged off the higher Initial Claims report as Existing Homes Sales report fell 5% in June from May. Strong corporate earnings were the name of the game today. The Dow soared 201.77 to 10,322.30. Crude Oil rose to $79.60 per barrel up $2.74. if you or someone you know is considering buying selling or refinancing please contact me at 801 668 2112.