We have today's mortgage rate update. This is brought to us by Prudential California Realty in San Luis Obispo California.
Check out my web site at www.myslohomefinder.com for all your home search needs in San Luis Obsipo County.
The Day Ahead: Closed Door Cliff Meetings Ahead of Sunday House Session
The fiscal cliff isn't helping employment, a risk hinted at in this month's otherwise upbeat MNI Chicago PMI Report where the headline is further over 50 at 51.6 for a 1.2 point gain from November to indicate accelerating growth in month-to-month business activity. The outlook for the housing market continues to improve with the Pending Home Sales Index for November rising a solid 1.6 points to 106.4. Aside from gains during the tax credit year of 2010, the current reading is the highest since the bubble days of 2007. Fewer distressed properties on the market and very low interest rates are boosting the sector.
Dow is trading at 13,029 -68.82, the 10 yr bond is at 1.71 from 1.73 Yesterday, . Currently mortgages arebetter from yesterday
Conv. - 3.25%
FHA. - 3.125%
Have yourself a Great Weekend!
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