San Luis Obispo Real Estate Daily Mortgage Update 1/19/2012

By
Real Estate Agent with Premier Agent Network

San Luis Obispo Real Estate daily mortgage update for 1/19/2012 supplied by Bob Franklin at Wells Fargo Home Mortgage Pismo Beach, Ca.

Good morning!

The Day Ahead: Robust Economic Data

        Jobless Claims Lowest Since April 2008, Fall 50,000 to 352k, their lowest level since April 2008, and their largest drop since 9/2005. Housing Starts
Privately-owned housing starts in December were at a seasonally adjusted annual rate of 657,000. This is 4.1% below the revised November estimate of 685,000, but is 24.9 % above the December 2010 rate of 526,000. The Consumer Price Index was effectively unchanged in December, rising 0.0119 % vs a 0.1% consensus. Core CPI, which excludes more volatile food and energy rose 0.1455%. Philly Fed Survey Slightly Higher, the regional manufacturing activity continued to expand at a moderate pace in January. The general activity index, the survey's broadest measure of manufacturing conditions, increased to 7.3 this month from a revised reading of 6.8 in December.

Dow is trading at 12,588.86 +9.91 and the 10 yr bond is at 1.93% from 1.86% Yesterday, . Currently mortgages are slightly worse from Yesterday

Conv.- 3.875%

FHA. - 3.75%     

 

Make it a Great Day!!

 

 

Bob Franklin

 

Mortgage Consultant

NMLSR ID 248760

 

Wells Fargo Home Mortgage  |  575 Price St, Suite 105  |  Pismo Beach, CA  93449

MAC E2396-011

Tel (805) 550-3395  |  Fax (877) 609-0926

 

 

 

 

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Rainmaker
653,188
Realty Works Temecula
Realty Works Temecula - Temecula, CA
Real Estate, Temecula, Murrieta, Menifee

Mike:  That's good that jobless claims are showing a sign of slowing!  I like the word that you used "Seasonally", adjusted....as opposed to getting all excited about the little normal ups and downs!

Jan 19, 2012 09:56 PM #1
Rainmaker
281,353
Mike Hendrickson
Premier Agent Network - San Luis Obispo, CA
Fine Homes, Short sales, excellent client services

Hi Jane,

I really wonder about that too.  It seems to me that there are more people finding work around here.

I like your dog!  I use to have a German Shepard like yours named "Granger".  Great dogs!

Jan 24, 2012 12:57 PM #2
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Rainmaker
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Mike Hendrickson

Fine Homes, Short sales, excellent client services
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