Rate Watch 12-22-2010

Alert To Lock:
Mortgage Backed Securities are currently trading in the red again today and giving up some of yesterday's gains, but have been attempting to stabilize in the past 5 trading sessions. Stocks are near unchanged on the session. Existing home sales were up5.6% in November from a year ago and retail sales numbers are coming in about 15% better than last year’s holiday sales numbers. Gross Domestic Product for the 3rd quarter came in slightly higher than the previous reading due to higher inventories. If you or someone you know is considering buying, selling or refinancing please contact me at 801 668 2112.