Utah Rates, Programs, Purchases or Refinaning by Utah's Mortgage Guy

US Market news shows retail sales for April doubled expectations and marked seven months of of increased number.  Also reporting today was Consumer Sentiment, Industrial Production and Capacity Utilization were reported in line with expectations. But with the uncertainty in Europe on everybody's minds, the news did little to influence the markets.

The TRUE ITEM that changes mortgage rates, "Mortgage Backed Securities(MBS)" are starting the day higher, but are meeting strong ceilings of resistance, which means investors will cut back once we hit these 25, 50, and 100 day moving averages of the MBS highs. I recommend looking at locking in a mortgage rate soon if you plan to close your home loan pruchase or refinance within the next 45 days.

As always contact me at 801-253-4663 with any questions and or concerns.