Here is today's mortgage rate update brought to you by Prudential California Realty in the super city of San Luis Obispo California. Rates are unchanged from yesterday but we can see higher rates ahead.
Today's news: Jobless Claims
The number of Americans filing initial Jobless Claims and continuing claims is trending at the lowest levels of the recovery and is pointing to building strength for job growth. Initial claims fell 27,000 in the February 9 week to a 341,000 level that is nearly 20,000 below the Economist consensus. The four-week average, at 352,500, is about 10,000 below the month-ago trend which offers an early indication of strength for the February employment report. Next week's report, which will offer data on the survey week of the monthly employment report, will provide a more telling indication.Continuing claims in data for the February 2 week are down 130,000 to 3.187 million, a very sizable drop that takes the unemployment rate for insured workers to a new recovery low of 2.4 percent.
Dow is trading at 13,976 -06.57 the 10 yr bond is at 2.03 from 2.02 Yesterday, . Currently mortgages are unchanged from Yesterday
Conv. - 3.625%
FHA. - 3.375%
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