My Mortgage Rate Update for 2/10/2012

Good morning all! I have today's mortgage rate update brought to us by Bob Franklin at Wells Fargo Home Mortgage from the beautiful city of Pismo Beach California, "Where the surf is always up! And the people are always friendly!"

The Day Ahead: Deja Vu All Over Again For Greece, Trade Deficit, Consumer Sentiment
Installment of Greece bailout, not until next week now. Trade Deficit In Line With Expectations. No Market Reaction DEC TRADE DEFICIT $48.80 BLN (CONSENSUS $48.00 BLN) VS NOV DEFICIT $47.06 BLN (PREV $47.75 BLN). Consumer Sentiment Slightly Lower Than Expected PRELIMINARY FEB 72.5 (CONSENSUS 74.5) VS FINAL JAN 75.0. Survey of Economists Shows Better Expected Job Growth. The Philadelphia Federal Reserve released a first-quarter survey of 45 forecasters showing upward revisions to expected payroll growth. This provides some counterpoint to bond-market benefits felt from the weaker-than-expected Consumer Sentiment data out five minutes earlier.

Dow is trading at 12,758.39 -132.07 and the 10 yr bond is at 1.99% from 2.03% Yesterday, . Currently mortgages are slightly 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