Rate Watch 9-2-2010

Locking Bias:
Mortgage Backed Securities are down this morning after a sharp sell off yesterday. Traders are worried about tomorrow’s job’s report and they are selling ahead of tomorrow’s report. Stocks are near unchanged levels after being up earlier in the morning. Crude oil had a big day yesterday and is giving back some of it gains today. Crude oil is down .55 cents @ $73.45. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.