Central Coast Lending Rate Update 6.27.11
June 27: 30 Year Fixed 4.125% (4.291 APR) 15 Year Fixed 3.250% (3.560 APR) 5 Year ARM 2.375% (2.541 APR) 30 Year Jumbo 4.250% (4.374 APR). Consumer spending was flat May, marking the first time in ten months it did not increase. The static rate likely reflects a decline in auto sales (partially attributed to the disruption in Japan), a build up of inflationary pressures, and the difficulties of high gas prices.
Here is the link to the CNBC article.
In other news, Central Coast Lending is producing a commercial that will appear soon on KSBY6. Keep your eyes open. A quick plug - With expert loan officers stationed in four locations around the county (San Luis Obispo, Morro Bay, Paso Robles, and Arroyo Grande), we want to be Your Mortgage Expert. We know the personal attention and thorough advice are important to you... and in the Central Coast, "local matters." We don't want to talk at you about your mortgage, we want to talk with you, so that you understand the process and take control of your largest asset. Come see us for a free loan prequalification discussion at any of our office locations:
Morro Bay - 601 Morro Bay Blvd., Suite B
Paso Robles - 1912 Spring Street.
San Luis Obispo - 1319 Marsh Street, Suite 101
Arroyo Grande - 318 East Branch Street
