Today's mortgage rate update is brought to us by Bob Franklin at Wells Fargo Home Mortgage in the beautiful city of Pismo Beach California. Visit my web site for all your home search needs www.myslohomefinder.com The Day Ahead: Bond Markets Closed, Some Data Postponed        Home prices continue to improve. The Case-Shiller seasonally adjusted home price index for the 20-city composite advanced 0.5 percent in August, following a 0.3 percent gain the prior month. Personal income increased 0.4% in September after increasing 0.1% in August. Personal spending rose 0.8% in September, up from a 0.5% gain in August, and well above the consensus estimate of 0.6% growth.Dow is trading at (market closed), the 10 yr bond is at (market closed), . Currently mortgages are slightly worse from Yesterda... 10/30/2012

Here is today's mortgage rate update for Monday 10/29/2012.  This update is brought to use by Bob Franklin at Wells Fargo Home Mortgage on the Central Coast. See my web site at www.myslohomefinder.com for all your home search needs. The Week Ahead: Full Moons, Hurricanes, Month-End, And NFP Today the consumer sector made gains on the income and spending sides. But strong headline inflation undermined the real impact. Personal income in September advanced 0.4 percent, following a 0.1 percent increase the prior month. Market expectations were for a 0.4 percent rise. The wages & salaries component gained 0.3 percent, following a boost of 0.1 percent in August.  Tuesday: Consumer Confidence, prior 70.3, consensus 74.0Wednesday: Chicago PMI, prior 49.7, consensus 51.0Thursday: ADP private pa... 10/29/2012

Thank you Bob Franklin from Wells Fargo Home Mortgage for your continued support of this blog spot with your mortgage rate updates.  These updates have helped thousands of my readers to find out what they could get for an mortgage interest rate for their home purchases and refinancings. Go to my web site for all your home search needs www.myslohomefinder.com   The Day Ahead: GDP, Consumer sentiment At 2.0 percent, growth in third-quarter GDP came in fractionally higher than expected and well above second-quarter growth of 1.3 percent. Still, 2.0 percent isn't gangbusters. Consumer sentiment has been steady the last two weeks, holding on to the bulk of gains posted in the first two weeks of the month. The final October reading, at 82.6, is down 5 tenths from mid-month and is well above S... 10/26/2012

For Homeowners & Home Buyers Neighborhood Assistance Corporation of America’s (NACA) west coast American Dream event comes to ONTARIO, CA starting Thursday October 25th through Monday October 29nd (go to naca.com for the other dates and locations for the west coast October tour). This is a dual purpose event:  for homeowners with an unaffordable mortgage to meet face-to-face with their lender to obtain an affordable solution, and new homebuyers wanting to purchase with the best mortgage in America. ALL SERVICES DURING THE EVENT ARE FREE! NACA’S ONTARIO, CA AMERICAN DREAM EVENT: When: Thursday October 25th through Monday October 29nd Where: Ontario Convention Center, 2000 E. Convention Center Way, Ontario, CA 91764 Time: 8:00 a.m. – 8:00 p.m. every day for five days           Purchase Wo... 10/25/2012

I hope everyone is having a great day!  Here is today's mortgage rate update for San Luis Obispo County.  It's brought to us by Bob Franklin at Wells Fargo Home Mortgage in Pismo Beach California. See my web site for all your home search needs www.myslohomefinder.com The Day Ahead: Busiest Day of Data, Auctions and Earnings         New factory orders for Durable Goods Orders rebounded a monthly 9.9 percent in September after a sharp 13.1 percent plunge in August. Jobless claims fell 23,000 in the October 20 week following a revised 46,000 surge in the prior week and a 27,000 fall the week before that. Sales growth for existing homes has been lagging sales growth for new homes and looks to continue to lag based on September's modest 0.3 percent rise for Pending Home Sales. Yesterday from... 10/25/2012

Today's mortgage rate update is brought to us by Bob Franklin at Wells Fargo Home Mortgage in the beautiful city of Pismo Beach California.  This update is also brought to you by Prudential California Realty Fine Homes.  The Day Ahead:    New Home Sales, FOMC announcement later today         The new home market is increasingly a source of strength for the economy with New Home Sales up a very sharp 5.7 percent in September to 389,000 which is the best annual rate since the stimulus efforts of mid-2010. The FOMC announcement at 2:15 p.m. ET for the October 23-24 FOMC policy meeting is expected to leave policy rates unchanged. With the September announcement of QE3 and guidance on low rates to mid-2015, new policy initiatives are not likely. Dow is trading at 13,133 +32.12, the 10 yr bond... 10/24/2012

Here is an article that I read about Fabian Calvo with his predictions of massive foreclosures and another leg down in the real estate market.  This is brought to us by www.USAwatchdog.com Massive Foreclosures after Election-Fabian Calvo 22 October 201218 Comments By Greg Hunter’s USAWatchdog.com Fabian Calvo buys and sells a $100 million worth of distressed mortgage debt and property a year. He says, “We haven’t even scratched the surface of being at the bottom of the housing market.” Calvo runs a company called TheNoteHouse.us and predicts, “. . . massive default and massive foreclosures after the election.” Calvo is an outspoken critic of crony capitalism on his “Fabian4Liberty” YouTube channel that has nearly 2 million views! Calvo says, “You have to flush out mal investment to get ... 10/23/2012

Good morning to all!  Here is the mortgage rate update brought to us by Bob Franklin at Wells Fargo Home Mortgage in Pismo Beach California.  This update is also brought to you by Prudential California Realty Fine Homes.  It's time to buy that fine home in San Luis Obispo County. The Day Ahead: One More Data-Free Day Before FOMC Announcement Dow is trading at 13,103 -242.12, the 10 yr bond is at 1.76% from 1.80% Yesterday, . Currently mortgages are better from Yesterday   Conv. - 3.25%FHA. - 3.125%      Make it a Great Day!!    Bob Franklin Mortgage ConsultantNMLSR ID 248760 Wells Fargo Home Mortgage  |  575 Price St    Suite 105  |  Pismo Beach, CA  93449MAC E2396-011Tel (805) 550-3395  |  Toll-free (855) 783-9170  |  Fax (877) 609-0926 Bob.Franklin@wellsfargo.com www.wfhm.com/Bob-Fran... 10/23/2012

Here's the mortgage rate  update for today.  It's brought to us by Bob Franklin at Wells Fargo Home Mortgage in Pismo Beach California. The Week Ahead: Treasury Auctions, Moderate Data, And FOMC Announcement Today: No DataTuesday: 2yr auctionWednesday: New home sales, prior 373K, consensus 385K. FOMC announcementThursday: Durable goods orders, prior -13.2%, consensus 7.%. Initial jobless claims,  prior 388K, consensus 372K. Pending home sales, prior -2.6%, consensus 2.5%.Friday: Gross Domestic Product (GDP), prior 1.3%, consensus 1.9%. Consumer Sentiment, prior 83.1, consensus 83.1  Dow is trading at 13,325 -17.12, the 10 yr bond is at 1.80% from 1.80% Friday, . Currently mortgages are unchanged from Friday   Conv. - 3.375%FHA. - 3.25%      Make it a Great Week!!     Bob Franklin Mortga... 10/22/2012

I have supplied a link to a great video that explains the current U.S. home mortgage market.  It shows how the banks profit from them and how the borrower doesn't. This is a short video but well worth the time.   http://libertycrier.com/finance/banking-fraud-housing-boom-is-back/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+Teaparty07+%28TeaParty07%29   Makes you wonder what's going to happen if the rates go up or if the Feds get out of the market?   10/19/2012

You have to love it!  15 year mortgage rates at 2.6% with 0.7 points.  I am passing the word to all my clients that this looks like a great option for financing.  All we need is higher inflation for this one to be a "no brainer".  This was from the Orange County Register and 2 of their best real estate writers.    By Jonathan Lansner and Jeff Colins What’s happening with mortgage rates? We’ve asked Jeff Lazerson, of Mortgage Grader in Laguna Niguel, to give us his weekly take. So, Jeff … RATE NEWS: From Freddie Mac’s weekly survey the average 15-year fixed rate hit an all-time low of 2.66 percent and 0.6 point. This is down from last week’s 2.70 percent. The 30-year fixed rate dropped down to 3.37 percent and 0.7 point from last week’s 3.39 percent. This is just 1 basis point away from ... 10/19/2012

 Morning to all!  Here is the mortgage rate update for San Luis Obispo County.  This is brought to us by Bob Franklin at Wells Fargo Home Mortgage in Pismo Beach California. Visit my web site at www.myslohomefinder.com for all your home search needs.   The Day Ahead: Existing Home Sales After two prior months of strong growth, sales of Existing Home Sales fell back in September, down 1.7 percent to an as-expected 4.750 million for what is still the second best annual rate since the stimulus programs back in the spring of 2010. September's details show weakness but also strength. Sales in three of four regions show single digit declines with the South, which is by far the largest region, showing a fractional gain. Prices dipped fractionally in the month though the year-on-year rate for t... 10/19/2012

When I was listening to CNBC today, a mortgage rate analyst was on talking about how the interest rates were going up next year.  He talked about fees going up on federal backed loans and inflation in the pipe line.  I didn't catch his name but he made some great points.  So I have been telling all my buyers sitting on the fence to move now! Visit my web site for your San Luis Obispo County home search needs www.myslohomefinder.com Here is Bob Franklin's mortgage update- The Day Ahead: Housing Starts The housing sector is showing somewhat stronger-than-expected health with both starts and permits gaining in the latest report. The September Housing Starts pace of 0.872 million units topped market expectations of 0.765 million and was up 34.8 percent on a year-ago basis. Housing clearly i... 10/17/2012

Another sign of the strong housing market is the builder's sentiment being a 6 year highs.  By Steve Goldstein, MarketWatch   WASHINGTON (MarketWatch) — Builder confidence in October edged higher to mark the sixth gain in a row and the top reading in more than six years, a trade group said Tuesday in the latest indicator of a revival in the housing market.   The National Association of Home Builders/Wells Fargo housing market index nudged up 1 point to 41, marking the highest level since June 2006.   Economists polled by MarketWatch anticipated a slightly better read of 42.   Reuters Enlarge Image A construction worker builds a new home at a development area in San Marcos, California March 20, 2012.   Still, the index — which historically has a very strong correlation with single-family... 10/16/2012

National Mortgage Professional has come out with an excellent article about how much the inventory of lower priced properts has shrunk here in California.  As a real estate agent I have seen the inventory drop, but I didn't see the numbers. In this article we can see charts and numbers!   Massive Inventory Shrinkage Hits First-Time Homebuyers in California Fri, 2012-10-12 17:03 — NationalMortgag... The inventory of lower-priced homes for sale, which are commonly sought by first-time homebuyers, has dropped by more than 40 percent in California over the past year, according to a new Zillow analysis, which tracks changes in the number of homes listed for sale on Zillow across the country as of Sept. 30, 2012 and compares inventory changes in the bottom, middle and upper tiers of home pric... 10/16/2012

Today's mortgage rate update is brought to us by Bob Franklin at Wells Fargo Home Mortgage on the beautiful Central Coast of California.  Check out homes for sale in San Luis Obispo County at my web site www.myslohomefinder.com   The Day Ahead: CPI, Industrial Production, Housing Market Index         Once again, higher gasoline prices were behind a jump in headline CPI inflation. The Consumer Price Index in September increased 0.6 percent, following a 0.6 percent surge the month before. Market expectations were for a 0.5 percent gain. Industrial Production made a partial comeback in September. But it does not appear to be related to underlying fundamentals-more to hurricane related swings. Buyers are growing in numbers in the new home market, especially serious buyers according to the n... 10/16/2012

Here is the  weekend update for mortgage rates.  It is brought to us by Bob Franklin at Wells Fargo Home Mortgage in the city of Pismo Beach California. See my web site for all you home search needs www.myslohomefinder.com   The Day Ahead: Short Week Ends With Less Data, More Headline Potential Headline inflation remained unexpectedly strong at the producer level in September but weakened at the core level. Overall PPI (Producer Price Index), inflation posted at 1.1 percent, following a 1.7 percent jump in August. Market expectations were for a 0.8 percent increase. The core rate, which excludes both food and energy, was unchanged after rising 0.2 percent the month before. Analysts projected a 0.2 percent rise for September. A big surge in Consumer Sentiment is a big surprise. The mid-m... 10/14/2012

Here is today's mortgage rate update for today. See my web site at www.myslohomefinder.com   The Day Ahead: U.S. trade balance, Jobless Claims, Import/export price In August, the U.S. trade balance worsened and partially for the worse reason-exports declined, likely reflecting economic weakness in Europe and slower growth in Asia. Big improvement in Jobless Claims may be tied in part to the week's seasonal adjustment and will in any case have to be confirmed by improvement in subsequent weeks. Claims fell to 339,000 in the October 6 week for a 30,000 decline that's the biggest since July. Hikes are popping up in the Import/export price report though overall pressure remains subdued. Import prices jumped 1.1 percent in September which is very sharp and which matches August's revised jump... 10/11/2012

We still have the low interest rates for housing out there.  Time to buy or refi!  I have today's most recent mortgage rate update from Bob Franklin at Wells Fargo Home Mortgage in the beautiful city of Pismo Beach California. My web site at www.myslohomefinder.com has all your home seach needs for San Luis Obispo California.  See what the real estate agents see with my MLS state of the art web site. Day ahead: no economic data today:        Sorry for the delay, computer issues. Dow is trading at 13,493 -19.07, the 10 yr bond is at 1.70% from 1.75% yesterday, . Currently mortgages are slightly better from yesterday   Conv. - 3.25%FHA. - 3.125%      Make it a Great Day!!   Bob Franklin Mortgage ConsultantNMLSR ID 248760 Wells Fargo Home Mortgage  |  575 Price St    Suite 105  |  Pismo Be... 10/09/2012

This Saturday, October 13, Woods Humane, is holding its 20th annual Wiggle Waggle Walk, a fun day at Laguna Lake Park. As many as 400 dogs, and their people, take part in a one-mile walk through scenic Laguna Lake Park. People ask everyone they know to sponsor their participation. You can register online or print a registration form and mail or bring it to Woods.  Registration fees: Individual walker: $15 (includes 1 T-shirt and K9 goodie bag) Team: $40 (includes 4 t-shirts and K9 goodie bags) Individual Wiggle Waggle Walkers compete for top pledge earner prizes while walking teams compete for Top Team Prizes and the coveted Woods Cup Trophy! To obtain a paper pledge log form and/or a walker/team information package please email mailto:jmiller@woosdhumane.org In addition to the walk, th... 10/08/2012