Rate Watch 1-30-2010

Alert to Lock:
Mortgage Backed Securities are down so far on the day. A string of stronger than expected economic reports from the Chicago PMI and Consumer Confidence erased a lot of the early gains, leaving prices off their best levels of the day and in the red. Crude Oil is down this morning @ $85.07 per barrel. Stocks have traded flat most of the day so far after digesting the economic data. If you or someone you know is considering buying selling or refinancing please contact me at 801 668 2112.