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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.

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Freddy Mac

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May 12 / 10:25am

Rate Update 5/12/2011 and Mortgage Info

Rates for Wednesday, May 11: 30 Year Fixed 4.250% (4.427% APR) 15 Year Fixed 3.500 (3.810% APR) 5 Year ARM 2.500% 30 Year Jumbo 4.500% (4.634% APR). Fixed mortgage rates are at their lowest levels thus far in 2011. According to Freddie Mac, the average on the 30-year loan moved to 4.63 percent from 4.71. The 15-year is down to 3.82 from 3.89.

 
By Sept. 30, the government will try to reduce loans on homes valued well above the national average. According to the NY Times, the policy will test if the private mortgage market can “go it alone” and the results will “be higher-cost loans and fewer potential buyers for more expensive homes.” The shift in policy comes after a year in which the federal government backed 9 of 10 new mortgages nationwide.
Filed under  //  Fixed Mortgages   Freddy Mac   Mortgages