Top Dog Cafe in Morro Bay: Where Everybody Knows Your Name

In our quest to profile Central Coast Local destinations, we begin at a coffee shop with its paw prints scattered through the sleepy town of 10,000.  Top Dog Café gives us a story of economic revival during this downturn, and reminds us that good service, friendly locals, and quality product will prevail no matter the […]

By |January 31st, 2012|SLO County Locals|0 Comments

Market Watch: Breaking Down the Fed’s Interest Rate Announcement

Will Barnaby reflects on the Fed’s surprising announcement that it would keep interest rates low longer than expected, and what this means about the Fed’s outlook for our economic recovery?

Will Barnaby

On January 25th, the Fed announced that they would not raise the Federal Funds rate.  This in itself is not news worthy.  The real news […]

By |January 30th, 2012|CCL Market Updates|0 Comments

Housing Indexes: Hold That Thought

The housing market may be stabilizing but a disappointing New Home Sales report has tempered enthusiasm for a strong recovery.

New home sales declined in December to a 307,000 annual pace, lower than the median economist forecast of 320,000. The number represented a 2.2 percent drop from November. The area hit hardest was the South. According to Bloomberg […]

By |January 27th, 2012|CCL Market Updates|0 Comments

Housing Indexes: Overall Trend Towards Stability

On Wednesday, January 25, a number of housing-related index numbers were published. These include: MBA Purchase Applications, FHFA House Price Index, and the Pending Home Sales Index. Follow us after the jump for a review of these numbers.

MBA Purchase Applications: This weekly index from the U.S. Mortgage Bankers Association shows that applications declined by […]

By |January 26th, 2012|CCL Market Updates|0 Comments

Welcome to the New Central Coast Lending Website!

Welcome to the new site! We have designed our web presence to be a resource to you for every step of the loan process.  We provide daily updates about the economy, interest rates, and the housing market, so that you can decide when the time is right to act… When you are ready to act, we have included detailed […]

By |January 19th, 2012|Press|0 Comments

Expert: Why Interest Rates are so Low

Phrases I hear from my five-year-old son almost daily are “why?” or “show me Daddy.”  I enjoy these interactions because it tells me his mind is interested in the mechanics of how things work.

Recently my phone has been ringing frequently with people asking me the same types of questions regarding mortgage interest rates.  So why […]

By |January 19th, 2012|CCL Market Updates|0 Comments

December Posts Solid Growth Numbers

We have some positive economic data from December.

The unemployment rate continued to improve in December. Last month, employers added 200,000 jobs and the unemployment […]

By |January 9th, 2012|CCL Market Updates|0 Comments

What Will 2012 Have in Store for Real Estate?

Hello everybody and welcome to 2012.  The end of the year has inspired all kinds of reviews of the previous year and the implications […]

By |January 2nd, 2012|CCL Market Updates|0 Comments

10-year Treasury yield continues historic drop; mortgage rates don’t respond in kind

Stocks have tumbled 2 percent today, and the Dow is on pace for its worst day of 2012. With an hour to close, the Dow is down 270 points (2.18 percent drop), the Nasdaq fell 73 points (2.6 percent) and the S&O 500 dropped 31 points (2.37 percent)

With the sell off, the bond market has […]

By |January 1st, 2012|CCL Market Updates|0 Comments