Here is the weekend mortgage rate update for San Luis Obispo real estate.
Visit my web site at www.myslohomefinder.com for all your San Luis Opispo real estate needs.
The Day Ahead: Job reports, increased bond yields
There were some positives in the latest jobs report. The unemployment rate held steady at 7.8 percent in December. Market expectations were for a 7.8 percent unemployment rate. Nonfarm Payroll jobs in December were as expected, gaining 155,000 following an increase of 161,000 in November (originally up 146,000) and a ruse of 137,000 in October (previously up 138,000). The net revisions for October and November were up 14,000. Analysts forecast a 155,000 rise for November. A price swing lower for fuel held back Factory Orders in November which are unchanged. Non-durable orders, where fuel components are classified, fell a sharp 0.6 percent for the steepest decline since June. On the plus side, durable orders, advanced data for which were published late last month, rose a solid 0.8 percent which is one tenth higher than the advanced reading. non-manufacturing sector is building fast, based on the ISM report where the headline composite is 56.1 for a 1.4 point gain and the strongest rate of monthly growth since February. Private Payrolls were a little healthier than projected, rising 168,000 in December after increasing 171,000 the prior month. The consensus called for a 157,000 increase.
Dow is trading at 13,405+13.72, the 10 yr bond is at 1.94 from 1.86 yesterday, . Currently mortgages areworse from Yesterday
Conv. - 3.5%
FHA. - 3.25%
Please have a great weekend!
Comments(0)