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centralcoastlending's posterous

Central Coast Lending  //  

805.543.LOAN (5626)
info@centralcoastlending.com
www.centralcoastlending.com


1319 Marsh Street, Suite 101
San Luis Obispo, CA 93401


601 Morro Bay Blvd., Suite B
Morro Bay, CA 93442


1921 Spring Street
Paso Robles, CA 93446


318 East Branch Street
Arroyo Grande, CA 93420


Central Coast Lending has already earned the reputation for offering the lowest rates. But there's more. When you need us, we are here for you. No exceptions. No excuses. That goes for every client every time. That's the Central Coast Lending way! Central Coast Lending... the mortgage experts.

Archive for

December 2011

 
Dec 12 / 2:36pm

County Employment Numbers and Rate Update

According to the Tribune, county employment numbers have gradually improved over the past three months. Since July, about 2,800 jobs have been added, which is an increase of 3 percent off the bottom.  County employment peaked in 2007 at 104,600 nonfarm jobs. After October’s gains, the number of jobs ticked up to 96,700, which is still down 8.2 percent from the top. Despite the slight increase in jobs, unemployment actually increased to 9.7 percent from 9.6 percent in September.

Rates are favorable this week. We have the 30 year fixed at 3.75 percent (3.884 percent APR) and the 15 year fixed at 3.250 percent (3.489 percent APR).  FHA and VA 30-years look extremely favorable as well, at 3.5 percent (4.543 percent APR) and 3.5 percent (3.736 percent APR) respectively.

 
Dec 8 / 11:37am

US Job Market Seems to be Picking up Steam

The labor market recovery seems to be picking up speed. Weekly US claims for unemployment benefits dropped to a 9-month low last week.  Jobless claims fell to 23,000 to 381,000, down from 404,000 the week before.

Additionally, the nation’s jobless rate fell to 8.6 percent in November. In some ways, the number is misleading. Employers added 120,000 jobs, true, but the 0.4% drop in the unemployment number is also due to the 315,000 people who stopped looking for work and left the workforce.

Rates are favorable this week. 30 Year Fixed 3.750 percent (3.892 percent APR), 15 Year Fixed 3.250 percent (3.503 percent APR), 30 Year High Balance 3.750 percent (3.976 percent APR), 30 Year FHA 3.5 percent (4.600 percent APR), 30 Year VA 3.5 percent (3.764 percent APR).