Rate Watch 10-15-10

Alert to Lock:
Mortgage Backed Securities traded in a wide range today as Fed Chairman Ben Bernanke pushed MBS higher in the early going as he spoke of a weakened economy and then positive economic news hit the wires and caused the selloff in stocks, treasuries and mortgage backed securities. Crude oil finished the week @ $81.25. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.