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Today's Mortgage Rate Update for Monday 2/4/2013 Low Rates Forever?

By
Real Estate Agent with Premier Agent Network

Well the Super Bowl is over and the lights out in the middle of the game makes you wonder how bad the infrastructure of the country really is?  Also while driving down a road in Paso Robles California I saw a car hit a pot hole that ruined his front tire.  What's up with that!  Where is all the gas tax going?

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The Week Ahead: Very little Data
 
        Big swings are the norm for Factory Orders data which swung 1.8 percent higher in December following a downwardly revised November which now shows a 0.3 percent decline.
 
Tuesday: ISM Non-Mfg Index, prior 56.1 consensus 55.1
Wednesday: No substantial Data
Thursday: Jobless Claims, prior 368K consensus360K
Friday: International Trade Bal., prior -48.7B consensus-46.0 B
 
Dow is trading at 13,908-102.02, the 10 yr bond is at 1.97 from 1.96 Friday, . Currently mortgages are slightly worse from Friday
 
Conv. - 3.5%
FHA. -  3.25%          
 
Be the best you can be!
 
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Comments (2)

Wika Hutchinson
Eugene, OR
Broker, CRIS, SFR, CDPE
Thanks for the rate update Mike. I absolutely love the car (on the picture above). Reno, Nevada, used to have yearly event calls "Hot August Night" where you can see all kinds of beautiful, old cars (hot rod). I am not sure if they're still doing it; the last time I was there they had a gang fight that destroyed a few antique cars.
Feb 04, 2013 01:24 AM
Mike Hendrickson
Premier Agent Network - San Luis Obispo, CA
Fine Homes, Short sales, excellent client services

Thanks Wika!  We had a car show in Paso Robles every year too.  But so many gangs showed up that they had to add so many police officers on overtime that the city couldn't afford to do it. Too bad!  I hadn't heard about Reno!  It's really unfortunate.

Thanks for your comments!

 

 

Feb 04, 2013 01:13 PM