Our Mortgage Rate Update for 4/02/2012 San Luis Obispo Real Estate

By
Real Estate Agent with Premier Agent Network

Here is our San Luis Obispo Real Estate mortgage rate update brought to us by Bob Franklin at Wells Fargo Home Mortgage located in the pretty city by the beach, Pismo Beach California.  "Where the surf is always up!  And life is like the Beach Boy's song "Good Vibrations!"

So here's Bob-

The Week Ahead: FOMC Minutes And Jobs Data


Today: ISM data point to steady strength for the manufacturing sector in March. The headline composite index rose one full point to 53.4, a bit above of 50 to indicate monthly growth and slightly above February to indicate an increasing rate of growth. Construction spending fell 1.1 percent in February, following a 0.8 percent dip the month before (originally down 0.1 percent). The median market forecast called for a 0.7 percent increase.
Tuesday: Factory Orders, -1.0 % prior, 1.5 % forecast, The Federal Open Market Committee meeting.
Wednesday: ADP employment 216,000 prior,  208,000 forecast.
Thursday: Initial jobless claims in the March 24 week fell to 359,000 from a revised 364,000, 360,000 is the forecast.
Friday: Nonfarm payroll employment in February grew 227,000 after gaining 284,000 in January and rising 223,000 in December. Overall payroll jobs now have risen more than 200,000 for three months in a row. 201,000 is the forecast.
Dow is trading at 13,214.31 +2.27, the 10 yr bond is at 2.17% from 2.15% Friday, . Currently mortgages are slightly worse from Friday


Conv.- 3.875%
FHA. - 3.75%     
 
Make it a Great Week!! 
 
 
 
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
 
Bob.Franklin@wellsfargo.com
 
www.wfhm.com/Bob-Franklin

Pismo Beach real estate

 

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Rainmaker
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John Pusa
Sellstate Pacific Realty - Glendale, CA
Your All Time Realtor With Exceptional Service

Mike - Thank you for sharing detailed quality information on mortgage rate update for 4/02/2012 SAn Luis Obispo real estate.

Apr 02, 2012 11:35 AM #1
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Mike Hendrickson

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