Rate Watch 12-16-2010

Alert to Lock:
Mortgage Backed Securities are having another volatile trading day. Mortgage Backed Securities have lost over 800 ticks in the past month signaling higher interest rates. Crude oil is holding steady @ $88.37 per barrel. Stocks are near unchanged levels on the day after being down earlier.
In economic news, weekly jobless claims were slightly lower than expected and definitely a good trend. The Philadelphia Fed Manufacturing Index came in much better than expected and is weighing on the Bond markets. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.