Rate Watch 8-18-2010

Alert to Lock:

Mortgage Backed Securities are down so far this morning. President Obama saying that the housing markets are still a drag on the economy. Crude Oil is down this morning at $74.91 per barrel. There are no economic reports due out today. US Treasury bonds are up on the day compared to Mortgage Backed Securities being down. Today is a perfect example of the disconnect between Treasury bonds and MBS. If you or someone you know is considering buying, selling or refinancing real - estate please contact me at 801 668 2112.