Mortgage Rate Update for 7/16/2012 In San Luis Obispo

By
Real Estate Agent with Premier Agent Network

Hello to all!  Here is today's mortgage rate update for San Luis Obispo California.  It is brought to us by Mr. Bob Franklin from Wells Fargo Home Mortgage in the beautifull city of Pismo Beach California.

 

Visit my web site at www.myslohomefinder.com  for all your real estate needs.

 

The Week Ahead: Bernanke Testimony, Housing Data, And Europe

 

 

 

Today: Retail sales in June were much softer than expected, including auto sales which contradicted manufacturers' numbers for the month. Retail sales in June fell 0.5 percent, following a 0.2 percent decrease in May (originally down 0.2 percent). Analysts forecast a 0.2 percent increase for June.

 

Tuesday: Prior -0.3%, Forecasted 0..0%, Industrial Production, Prior -0.1% , Forecasted 0.3% . Bernanke, Congressional testimony

 

Wednesday: Housing Starts, Prior .708M , Forecasted.745M , Housing Permits, Prior .780M , Forecasted.775M

 

Thursday: Jobless Claims Prior 350k , Forecasted 365k, Existing Home Sales, Prior 4.55M , Forecasted 4.65M, Philadelphia Fed Survey, Prior -16.6 , Forecasted -8.0.

 

Friday: No Data

 

 

 

Dow is trading at 12, 736, -40.11,the 10 yr bond is at 1.45 % from 1.49% Friday, . Currently mortgages are unchanged from Friday

 

Conv. - 3.5%

 

FHA. - 3.375%

 

 

 

Make it a Great Week!!

 

 

 

 

 

 

 

Bob Franklin

 

 

 

Mortgage Consultant

 

NMLSR ID 248760
 
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Rainmaker
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Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Mike:  I am assuming that the FHA rate at 3.375% was with no origination and no points.  In the DFW market area the rate has been 3.75% for awhile, and just went to 3.5% about ten days ago... so 3.375%... as far as I can remember, puts it in new territory.

Jul 16, 2012 08:53 PM #1
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Rainmaker
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Mike Hendrickson

Fine Homes, Short sales, excellent client services
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