Good morning to all! Here is Bob Franklin's mortgage rate update. Bob is my "go to" guy for all things to do with home mortgages. He works for Wells Fargo Home Mortgage in the pretty city on the beach, Pismo Beach. Pismo Beach is where, "the surf is always up, and the people are always friendly!" Now here's Bob!
The Day Ahead: Important Economic Data And Trading Levels
Personal income increased $28.2 billion, or 0.2 percent, and disposable personal income (DPI) increased $18.9 billion, or 0.2 percent, in February, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $86.0 billion, or 0.8 percent. In January, personal income increased $26.5 billion, or 0.2 percent, DPI increased $5.0 billion, or less than 0.1 percent, and PCE increased $40.9 billion, or 0.4 percent, based on revised estimates. The Chicago Purchasing Managers reported the March Chicago Business Barometer paused after February's ten month high. While slowing, the Chicago Business Barometer marked its fifth month above 60, a 2-1/2 year period of expansion and trend data improved. Consumer Sentiment Stronger Than Expected, Final March 76.2 (Consensus 74.7) Vs Preliminary March 74.3.
Dow is trading at 13,163.75 +17.93, the 10 yr bond is at 2.15% from 2.15% Yesterday, . Currently mortgages are slightly better from Yesterday
Conv.- 3.875%
FHA. - 3.75%
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 | Fax (877) 609-0926
Bob.Franklin@wellsfargo.com
www.wfhm.com/Bob-Franklin
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