Mortgage Rate Update for 5/1/2012 San Luis Obispo Real Estate

Hello to all!  I have attached today's mortgage rate update from Bob Franklin at Wells Fargo Home Mortgage located in the city by the beach, Pismo Beach California.

The Day Ahead: ISM Mfg Index, Construction spending ?

        "The PMI registered 54.8 percent, an increase of 1.4 percentage points from March's reading of 53.4 percent, indicating expansion in the manufacturing sector for the 33rd consecutive month. Sixteen of the 18 industries reflected overall growth in April. Construction spending during March 2012 was estimated at a seasonally adjusted annual rate of $808.1 billion, 0.1 % above the revised February estimate of $807.3 billion. The March figure is 6.0 % above the March 2011 estimate of $762.6 billion. During the first 3 months of this year, construction spending amounted to $171.2 billion, 6.7 % above the $160.4 billion for the same period in 2011.
Dow is trading at 13,308.80 +95.17, the 10 yr bond is at 1.95% from 1.91% Yesterday, . Currently mortgages are no change from Yesterday

 
Conv.- 3.75%
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