San Luis Obispo, CA

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

Good morning! I have the latest mortgage rate up date from Bob Franklin at Wells Fargo Home Mortgage. Bob is located in the beautifull city of Pismo Beach California, "Where the surf is always up, and the people are always friendly!"

Good morning! I hope that everyone will have a great day! Today's mortgage update is 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 always friendly!" So here's Bob-

The Week Ahead, Consumer confidence Weakness in the assessment of current conditions -- likely reflecting rising gas prices and perhaps a more difficult jobs market -- pulled down consumer confidence this month to 61.1 from December's revised 64.8. The report's present situation component fell more than 8 points to 38.4 in what nearly erases December's strong showing. Weakness here is centered unfortunately in the jobs market where 43.5 percent say jobs are hard to get. This is not a good indication for Friday's employment report and compares with the recovery low of 41.6 percent in December.
Dow is trading at 12,581.29 -72.43 and the 10 yr bond is at 1.82% from 1.85% Yesterday, . Currently mortgages are flat from Yesterday

Conv.- 3.875%
FHA. - 3.75%

Make it a Great Day!!




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

Good morning everyone! Good news on the interest rates! Check out Bob Franklin's mortgage update below. Bob is a loan agent at Wells Fargo Home Mortgage in the beautiful city of Pismo Beach California, "Where the surf is always up, and the people always friendly!"

The Week Ahead: Jobs Report Caps Full Week of Data,

Today:Consumers Earned More, Spent Less in December,PCE is a fairly important economic report, speaking both to consumer spending and standing as the Fed's preferred gauge of inflation. Today's numbers essentially show a US Consumer earning slightly more and spending less inflation-adjusted dollars for the first time in 3 months--generally a bond-market-positive result, but perhaps even more damaging to stocks. Tuesday: Consumer confidence, forecast, 68, prior, 64.5
Wednesday: ADP National Employment,forecast, 185, prior, 325, ISM Manufacturing PMI, forecast, 54.4, prior, 53.9

Thursday: Initial Jobless Claims, forecast, 370, prior, 377
Friday: Non-farm payrolls, forecast, 150, prior, 200. Factory Orders, forecast, 1.5, prior, 1.8
Dow is trading at 12,549.89 -110.57 and the 10 yr bond is at 1.85% from 1.93% Friday, . Currently mortgages are slightly better from Friday

Conv.- 3.875%
FHA. - 3.75%

Make it a Great Week!!



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

While listening to President Obama's State of the Union Address, I heard him say that he was setting up a new Federal Investigative Team under the Attorney General Holder. This team would investigate if any laws were broken during the housing bubble. I have a number of guestions-

1. Have the Federal or state statute of limitations passed if there were any crimes?

2. How deep will they probe?

3. Will they prosecute if they find crimes? Let's face it! It's much harder to prosecute someone with deep pockets.

4. Are they going to connect the dots if they are their donors?

5. Who is going to head the team.

6. Was this just an election year stunt?

For more on this topic, read the below link-

http://www.nytimes.com/2012/01/26/opinion/a-mortgage-investigation.html?_r=2&source=patrick.net