Good morning to all! With the melt down going on in the Euro Zone, we are seeing the U.S. 10 year bond dropping! We may see more lows in the mortgage rate coming up!
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We cover Atascadero, Arroyo Grande, San Luis Obispo, Nipomo, Shell Beach, Avila Beach, Pismo Beach, Paso Robles, Templeton, Santa Margarita, Cayucos, Morro Bay, Cambria, and Los Osos California real estate and homes.
So here is Bob Franklin at Wells Fargo Home Mortgage in Pismo Beach with the updates! Updates are brought to you by Prudential California Realty Fine Homes!
The Week Ahead: Relatively Docile Economic Calendar Leaves Europe In Focus
10yr yields moved to new all-time lows overnight as the slow-motion train wreck in Europe continues to unfold. The Spanish region of Murcia becomes the third such autonomous region to move toward requesting financial assistance from Spain's central government. "Fears also rose about Greece's ability to stay afloat, after its prime minister said on Sunday that the country was in a "Great Depression" similar to the one in the 1930s,
Today: No Data
Tuesday: No Data
Wednesday: New home sales, Prior369K, Forecast 370K
Thursday: Durable goods orders, Prior 1.1%, Forecast 0.6%, Initial jobless claims, Prior386K, Forecast 380K, Pending Home Sales Index, Prior 5.9%, Forecast 0.9%
Friday: Real GDP, Prior 1.9%, Forecast 1.2%
Dow is trading at 12,667 -154.06, the 10 yr bond is at 1.43 % from 1.47% Friday, . Currently mortgages are better from Friday
Conv. - 3.5%
FHA. - 3.375%
Make it a Great Week!!
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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