Good morning to all! I have today's mortgage rate update from Bob Franklin at Wells Fargo Home Mortgage. Bob is located in the beautiful city of Pismo Beach California, "Where the surf is always up! And the Beach Boy's song "Good Vibrations" is felt!"
Here's Bob-
The Day Ahead: Retail Sales, Business Inventories, And FOMC Announcement
Retail Sales Slightly Better-Than-Expected, Headline +1.1 vs +1.0 forecast, Previous month revised up from +.4 to +.6. Business Inventories and FOMC, later today.
Dow is trading at 13,027 +67.47 the 10 yr bond is at 2.08% from 2.01% Yesterday, . Currently mortgages are 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
Bob.Franklin@wellsfargo.com
www.wfhm.com/Bob-Franklin
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