Mortgage Rate Update for 2/3/2012 San Luis Obispo Real Estate

Good morning! Here is the mortgage update from Bob Franklin at Wells Fargo Home Mortgage in the beautiful city of Pismo Beach California. "Where the surf is always up! And the people are always friendly!"

Day Ahead: All Eyes On Employment Situation Report
Non-Farm Payrolls Crush Expectations. Positive Revisions, Jan non-farm payrolls +243,000 (Consensus +150,000) vs Dec. +203,000, Nov. +157,000 Factory Orders Rise, but Pace Slower Than Expected, New orders for manufactured goods in December, up two consecutive months, increased $5.3 billion or 1.1 percent to $466.2 billion. This followed a 2.2 percent November increase. Excluding transportation, new orders increased 0.6 percent. Service Sector Growing Faster Than Expected. The NMI registered 56.8 percent in January, 3.8 percentage points higher than the seasonally adjusted 53 percent registered in December, and indicating continued growth at a faster rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 59.5 percent, which is 3.6 percentage points higher than the seasonally adjusted 55.9 percent reported in December, reflecting growth for the 30th consecutive month.

Dow is trading at 12,845.28 +139.87 and the 10 yr bond is at 1.94% from 1.84% Yesterday, . Currently mortgages are worse from Yesterday
Conv.- 3.875%
FHA. - 3.75%

Make it a Great Weekend!!



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