Good morning to all of you! Here is Thursday's mortgage rate update brought to us by Prudential California Realty Fine Homes located in the beautiful city of San Luis Obispo California. The mortgage interest rate update is given to us by Wells Fargo Home Mortgage's Bob Franklin who works in the Pismo Beach office.
Visit my web site at www.myslohomefinder.com for all your real estate needs in San Luis Obispo, Pismo Beach, Avila Beach, Shell Beach, Arroyo Grande, Grover Beach, Nipomo, Oceano, Grover Beach, Atascadero, Paso Robles and Templeton
The Day Ahead: Durable Goods Orders, Jobless Claims, Pending Home Sales
New factory orders for Durable Goods jumped 1.6 percent in June after rebounding 1.6 percent in May (prior revised estimate, up 1.3 percent). The latest number came in higher than analysts' forecast for a 0.6 percent boost. Jobless Claims, are down to 353,000 from 386,000 prior, partially because of the summer auto retooling. The index for Pending Home Sales fell 1.4 percent in June with declines in 3 of 4 sectors and most pronounced in the Northeast, a region that was hit by bad weather and which showed record weakness in June for new home sales.
Dow is trading at 12,844 +188.12, the 10 yr bond is at 1.42 % from 1.40% Yesterday, . Currently mortgages are unchanged from Yesterday
Conv. - 3.5%
FHA. - 3.375%
Make it a Great Day!!
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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