Mortgage Rate Update and San Luis Obispo Tourism
Central Coast Lending's mortgage rates remain the same over the long weekend. 30 Year Fixed 4.250% (4.416% APR) 15 Year Fixed 3.375% (3.685% APR) 5 Year ARM 2.375% (2.541% APR) 30 Year Jumbo 4.375% (4.499% APR). The mortgage market
The Tribune featured an interesting profile about San Luis Obispo county tourism. According to the market research firm Dean Runyan Associates, San Luis Obispo brought in $1.1 billion in travel spending in 2009, yielding $69.8 million in local and state taxes. This spending created more than 15,500 jobs.
The economic downturn has resulted in a depressed tourism market - with less disposable income, folks are traveling less. However, we could be seeing an uptick in visitors in local leisure and hospitality, which could mean a recovery for the tourism industry. The Tribune cites a report from Smith Travel Research, which provides data for the hotel industry, "Occupancy, average daily room rate and revenue per available room is up at hotel properties countywide through May compared to the previous year."
