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