Top of the morning to you all! I hope all have a great weekend! Here is the mortgage rate update from Bob Franklin at Wells Fargo Home Mortgage in the village on the beach Pismo Beach California.
Go to my web site at www.myslohomefinder.com for all your home search needs in San Luis Obispo County.
The Day Ahead: Consumer Sentiment, Factory Orders
Of all the reports on consumer spirits, the Consumer Sentiment report shows the least weakness. The consumer sentiment index rose 7 tenths from mid-month to close August at 74.3. This is up a solid 2 full points from the final July reading. Importantly, the gain is spread evenly between the first half of the month and the second half which points to a steady slope of improvement going into September. Data on Factory Orders show a wide strength in July led by a 2.8 percent rise for new orders in what is a robust snap back from a 0.5 percent decline in June. The July gain is led by a 4.1 percent surge in durable goods orders (revised 1 tenth lower from last week's advance reading) and includes a 1.5 percent rise for nondurable goods which got a boost from petroleum and coal.
Dow is trading at 13,094 -93.06, the 10 yr bond is at 1.59 % from 1.61% Yesterday, . Currently mortgages are unchanged from Yesterday
Conv. - 3.625%
FHA. - 3.25%
Make it a Great Weekend!!
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 | Toll-free (855) 783-9170 | Fax (877) 609-0926
Bob.Franklin@wellsfargo.com
www.wfhm.com/Bob-Franklin
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