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
FHA. - 3.75%
Make it a Great Week!!
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Wells Fargo Home Mortgage | 575 Price St, Suite 105 | Pismo Beach, CA 93449
Tel (805) 550-3395 | Fax (877) 609-0926