Here is today's mortgage rate update for San Luis Obispo California.
The Day Ahead: Consumer price index, jobless claims
The Consumer price index fell 0.3 percent in May, on continued significantly lower energy costs, following no change the month before. There's no improvement in jobless claims which unfortunately does not point to any improvement for payroll growth or for the unemployment rate. Initial claims rose 6,000 in the June 9 week to a 386,000 level that is a noticeable 9,000 over the Econoday consensus. And the prior week is now at 380,000 which is 3,000 higher than the initial estimate. The four-week average is moving in the wrong direction, up three times in a row with a 3,500 gain to 382,000 in the latest week. This is slightly higher than the month-ago comparison which is a negative indication for the June employment report.
Dow is trading at 12, 599, +103.85, the 10 yr bond is at 1.62 % from 1.64% Yesterday, . Currently mortgages are no change from Yesterday
FHA. - 3.375%
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NMLSR ID 248760
Wells Fargo Home Mortgage | 575 Price St, Suite 105 | Pismo Beach, CA 93449
Tel (805) 550-3395 | Fax (877) 609-0926