dgonre@aol.com
What's Going On In The Market: 


The highly anticipated Personal Consumption Expenditures (PCE) Report, which is the Fed’s favored measure of inflation, was released this morning. The report showed that headline inflation rose 0.4% in February and increased from 1.7% to 1.8% on a year over year basis. The Core Rate, which strips out food and energy prices and is the main focus of the Fed, rose 0.2% and increased from 1.5% to 1.6% on a year over year basis. Both the headline and core readings were slightly hotter than expected, but Bonds seem to be taking it in stride.

Initial Jobless Claims, which measures individuals ling for unemployment benefits for the first time, showed that there were 215,000 Claims last week. This represented a drop of 15,000 from the previous report and was 13,000 lower (better) than expectations.

Mortgage Bonds are still trading in the middle of their new higher range, which puts us in a position to carefully float on locking.

Avg Conforming 30-yr fixed rate: 4.25%   Avg points .97




 



 


 


 

       Terry Magnone

CalBRE License: 01192476 -- NMLS: 236880
Direct number: 818-399-8609
&
Nonie Velez
CalBRE License: 01213974 -- NMLS: 226353
Direct Number: 818-571-0408

 


S & D Mortgage
191 West Wilbur Road Ste 101
Thousand Oaks, CA  91360


Terry:  818-399-8609
Nonie:  818-571-0408


 
WWW.TNTeam.com

 

 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 


 

 
 

 

 
 

Location

RODEO REALTY INC.
9338 Reseda Boulevard, Suite 102
Cell: 818.535.6493
Office: 818.349.9997 x293

Dawn@dawngonzales.com

CalBRE# 01199429

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