Rate Watch 10-21-2010

Alert to Lock:
After 3 days of gains, Mortgage Backed Securities finished the day significantly lower as investors took profits, Initial Jobless Claims came in a bit lower than expected at 452,000 and 23,000 lower than the previous week that was revised higher to 475,000 from 462,000 .Stocks spent most of the session in positive territory and the dollar weakened against most major currencies. Crude Oil finished at $80.55/barrel down $1.99. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.