Rate Watch 12-21-2010

Alert to Lock:
Mortgage Backed Securities are in the RED Again today. The economic turmoil continues in Europe and the sideways trading here in the US continues. We look for volatile trading for mortgage interest rates going into the future. Mortgage rates look to be trending higher.
There are no economic reports set for release today, but looking ahead, the economic calendar does heat up during the rest of this week…which could bring about even more price volatility.
If you are looking to buy, sell or refinance real-estate please contact me at 801 668 2112.