Quantitative Easing? As Fed action goes…

This quote from Fed Chairman Ben Bernanke should sum everything up nicely. From Jeff Cox on CNBC, reporting on Bernanke’s August 31 remarks from Jackson Hole, Wyoming:

“The hurdle for using nontraditional policies should be higher than for traditional policies,” he said. “At the same time, the costs of nontraditional policies, when considered carefully, appear manageable, implying […]

By |August 31st, 2012|CCL Market Updates|0 Comments

Quantitative Easing? As Fed action goes…

This quote from Fed Chairman Ben Bernanke should sum everything up nicely. From Jeff Cox on CNBC, reporting on Bernanke’s August 31 remarks from Jackson Hole, Wyoming:

“The hurdle for using nontraditional policies should be higher than for traditional policies,” he said. “At the same time, the costs of nontraditional policies, when considered carefully, appear manageable, implying […]

By |August 31st, 2012|CCL Market Updates|0 Comments

Users guide to public transportation San Luis Obispo County

I have lived in San Luis Obispo for over six years now and up until a few months ago, I had only ridden the bus a handful of times. I had a car and my previous attempts at using public transportation were a bit of a disaster. I have forgotten my ID and held up […]

By |August 30th, 2012|SLO County Locals|0 Comments

How to conserve water and prevent dangerous rainwater runoff

Forty-six percent of people in underdeveloped countries walk an average of 3.7 miles for access to drinkable water. Think about that the next time you turn on the tap and let it run down the drain. We don’t have to walk for miles, but potable water is becoming less plentiful and continually more expensive.

As our […]

By |August 29th, 2012|SLO County Locals|0 Comments

Swinging mortgage rates: How to refinance and save thousands in this volatile market

For those of us who have kids, the start of the school year begins an entirely new morning routine. The mornings around my house the last few months have been filled with thoughts like, “what am I going to do to keep this little boy busy, happy, and active today?” At the end of every […]

By |August 28th, 2012|CCL Market Updates|0 Comments

Editorial: Did President Obama get the housing market recovery right?

Central Coast Lending owner and host of popular local radio program Mortgage Matters Jason Grote weighs in on the question – did President Obama get the housing recovery right?

There is a growing debate as to whether President Obama took drastic enough measures clean up the housing crash. An article written by Binyamin Appelbaum of the New York Times went […]

By |August 22nd, 2012|CCL Market Updates|0 Comments

Federal Reserve: More quantitative easing “fairly soon” if economy doesn’t pick up

Minutes from the most recent Federal Reserve meeting show that another round of quantitative easing (QE3) could soon be in order if the economy doesn’t pick up.

The monetary stimulus plan would call for asset purchases to inject money into the economy, thus bringing down interest rates and giving investment incentive. QE3 would be a more […]

By |August 22nd, 2012|CCL Market Updates|0 Comments

Tolbert Painting: How will I know if I hired a professional to paint my house?

Recently, a new friend of mine said to me, “I wish I knew you a few months ago when I needed my house painted.”

I asked him, “Who painted your house?”

He replied, “some college kids were going door to door asking if I needed paint work done.” Then he asked me, “Do you think they did […]

By |August 22nd, 2012|SLO County Locals|0 Comments

Housing Market: government help should focus on refinance, not principle reduction

The latest discussion about “healing” the housing crisis is centered around principal forgiveness.  The administration and the U.S. Treasury Department has offered the Federal Housing Finance Agency (FHFA) incentive to take writedowns on the principal balance of home loans held by Fannie Mae and Freddie Mac.

Led by acting director Edward J. DeMarco, the FHFA has refused […]

By |August 21st, 2012|CCL Market Updates|0 Comments

Foreclosure activity up in July, but trend moves to Short Sales

Foreclosure activity ticked up for the third-straight month in July, as lenders continued to move through the backlog of mortgages that have gone unpaid.

We expected this, given the delays in the process as lenders focused on the settlement for the “robo-signing” scandal. As we wrote in the linked article, “Banks had slowed on foreclosures after the national robo-signing […]

By |August 20th, 2012|CCL Market Updates|0 Comments