Rate Watch 9-9-2010

Alert To Lock:
Ugly Day Again for Mortgage Backed Securities, on the heels of a better than anticipated Initial Jobless Claims reading. MBS prices have fallen big for 5 out of the last seven trading days. Stocks have ended in the green 6 out of the past seven days. Crude oil ended the day down at $74.25 per barrel. There are no economic reports due out tomorrow so let’s hope that mortgage Backed Securities can find something positive to rally with after having been brutalized over the past few trading sessions. If you or someone you know is considering buying, selling or refinancing please contact me at /801 668 2112.