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The Briar Creek Housing Development (Lompoc, CA)

New Homes for Sale…

The Briar Creek housing development is located in Lompoc, California. The Robbins|Reed built neighborhood of single-family homes includes a protected wetlands, park and playground, baseball fields, soccer fields, and basketball courts.

Current pricing ranges from the high-$200,000 level to the low-$400,000. The 11 current offerings range in price from $284,370 (1,460 square feet) to $419,564 (2,648 square feet).

Any questions about home loans in California? We are The Mortgage Experts: ask us anything! We have a loan program to fit every need. Call 805.543.LOAN or email us today.

Briar Creek homes are styled as either “The Gardens” (ranch style) or “The Courtyards” (two story). Buyers choose from three floor plans, each of which has further customization options. In total, there are 8 floor plan options and 26 exterior styles available.

Zillow estimates that the median home value in Lompoc is $238,400. The median current listing price is $283,900 – in line with Briar Creek’s affordable pricing – and the median price of sold homes is $249,00.

Home prices in Lompoc have jumped 17.3% over the past year.




More Central Coast Developments:


Central Coast Lending is a California mortgage broker and direct lender based on the Central Coast of California in San Luis Obispo County. Call us today at 805.543.LOAN or email [email protected] to set up a free pre qualification. We are The Mortgage Experts: ask us anything!

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Mortgage Matters Radio on KVEC 920 (July 12): Dale Kaiser, Realtor

Dale Kaiser, President and Owner of Dale Kaiser Real Estate Inc., will be joining hosts Dan and Jason on Mortgage Matters this Saturday (July 12) on KVEC 920 from 10 a.m. to 12 noon.

Kaiser is a realtor based on the California Central Coast with a specialty in coastal properties. He also has the distinction of owning the domain name ““; hopefully somebody asks him how he managed to get in the ground floor on that one!

Here is the bio published on his website:

Dale Kaiser, President/Owner of Dale Kaiser Real Estate Inc. is an astute businessman with an encyclopedia-like knowledge of San Luis Obispo County beach property and the people who own it.

Dale has emerged as the broker of choice most widely associated with the unique coastal properties including Cayucos, Morro Bay, Cambria and San Simeon. Dale has worked closely with the California Coastal Commission and the County of San Luis Obispo Planning and Building Department for over 30 years giving his clients a distinct advantage that comes from wisdom, experience and knowledge.

Dale and his wife Carly live in Cayucos with their precious daughter Avery and classy canines, Chloe and Hank.

Miss an episode? Check out our Soundcloud Page for free episode downloads


Mortgage Rate Update (July 7 – July 11) – Rates Dip After Long Weekend

Over the past month, mortgage rates have dipped and jumped a bit based on the major headlines of the day (poor GDP, positive employment), but as the smoke clears, nothing much as changed. Rates are just slightly lower than they were in June, and very close (or at) 2014′s lowest levels.

Conventional Loan Programs

July 9 Conventional

Specialty Loan Programs

July 9 Government

Manufactured Home Loan Programs

July 9 Manufactured

Jumbo Loan Program

July 9 Jumbo

Rates Directly to Your Inbox!

If you would like to receive a more detailed Mortgage Rate report, you can subscribe to our “CCL Rate Tracker.” The CCL Rate Tracker follows 10 loan programs and publishes three rate options closest to 1 point, par, and 1 rebate for each program every two weeks and delivers the results in an email. To sign up, please email [email protected] with the text “Rate Tracker.”

Apply Online Today!

When you register for a Loan Center account, you can submit a loan application online and the sensitive information that you provide will be transmitted securely. Your account also enables you to easily modify your loan application and view the status of your loan. Any questions? Call us at 805.543.LOAN or email [email protected]


  • Mortgage rates assume purchase of a singe-family, detached, owner-occupied, residential property.
  • Mortgage rates assume borrower credit score of 760 and a Debt-to-Income ratio of 35%
  • Loan amount is $417,000 for all programs (appraised value of $522,000), except for the high balance ($561,200 loan and $722,000 value), and Jumbo ($700,000 loan and $1,000,000 value)
  • Mortgage rates and APR subject to change.

Mortgage Matters Radio: June 28 (NEW)

Guest: Kristen Crabtree, Century 21 Real Estate

Central Coast Lending Soundcloud (full episode downloads)


Loans for Agricultural Production! Up to $30 Million for Land, Buildings, Facilities, Equipment

Central Coast Lending’s Farm and Ranch Program gives buyers financing capacity of up to $30 million to purchase parcels of land to use for agricultural production. Under the program, financing is also available for buildings, fixtures, equipment, and facilities (dairies, feedlots, storage units or processors) that are attached to the land.

Read more »


Loans for Hobby Farms! Up to $1.5 Million for Hobby Farm Mortgage

Under Central Coast Lending’s unique Hobby Farm Home Loan Program, homebuyers are eligible for up to $1.5 million to finance a purchase of a “Hobby Farm”, which is defined as a primary residence capable of some sustained agricultural production.

Continue reading “Loans for Hobby Farms! Up to $1.5 Million for Hobby Farm Mortgage” »


June Employment Data Strong, Mortgage Rates Increase

Welcome back after the long weekend! With all the excitement of the long 4th of July weekend, you would be excused for overlooking the release of June’s employment report last Thursday (July 3rd).

Payrolls added 288,000 jobs in June, a robust number that falls in line with 2014 employment growth thus far. Bill McBride, writer of the popular economics blog Calculated Risk, noted that the report was a positive one:

2014 is on pace to be the best year for employment gains since 1999.

Total employment has reached 415,000 above the pre-recession peak, though at 59.0%, June’s employment-population ratio came in below the pre-recession high of 63.4%. Population demographics have shifted due to people leaving the labor force (seniors) or delaying entrance (“millenials” staying in school longer).

The report is a positive one for 2014 U.S. economic outlook. Last week, we discussed the poor Q1 GDP data that alarmed markets. We wrote:

Consensus seems to be that the poor reading was a mix of seasonal factors and bad luck, and that the economy is stronger than the contraction would indicate.

Meanwhile, the Dow Jones Industrial Average has surpassed 17,000 for the first time. All in all, the economy seems to be humming along.


Mortgage Rates…

July 7 KB 30-Year FixedMortgage rates had taken a nice little dive the previous week as the market digested the poor GDP news. The positive employment news then nudged the 30-year fixed back up to its previous levels.

[Click here: our July 3rd mortgage rate update reflects the upward movement]

Recall that the 30-year fixed movement correlates to bond market performance – specifically the 10-year U.S. Treasury bond.

[This clear, informative articles explains why long-term U.S. Treasury bonds correlate to the 30-year fixed mortgage rate.]

U.S. Treasuries tend to move inversely to the stock market. In times of confidence, stocks climb as investors seek higher yields. On the flip side, uncertainty influences caution, and investors will seek “safe” investments like U.S. bonds. As bond markets see more demand, mortgage rates feel downward pressure.

What does this mean for mortgage rates today?

As the U.S. economy continues to strengthen and the Federal Reserve continues to leave the bond market, mortgage rates will be free to rise. Currently, rates are still near their lowest level in a year. The 30-year fixed is just 1.0% higher than its lowest measure ever. Now is a good time to take advantage of the low-rate window.


This week…

… will be pretty quiet for data. Keep your eyes open for FOMC minutes on Wednesday and weekly jobless claims on Thursday.


Central Coast Lending is a California mortgage broker and direct lender based on the Central Coast of California in San Luis Obispo County. Call us today at 805.543.LOAN or email [email protected] to set up a free pre qualification. We are The Mortgage Experts: ask us anything!

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Mortgage Rate Update (June 30 – July 4th) – Rates Jump on Positive June Employment Report

Mortgage rates have jumped since last week after a strong June employment report buoyed stocks and hurt bonds. Markets are closed for the holiday (July 4th), so the rates you see below are at market close for the long weekend.

We will be closed July 4th, 5th, and 6th, so feel free to email us (info@CentralCoastLending) any questions, and we will get back to you on Monday, July 7th.

Read more »


Mortgage Matters: July 5 (REPEAT)

This week for Mortgage Matters on KVEC 920 (10 a.m. to 12 noon), we will be airing a repeat of last week’s episode (June 28) with Kristen Crabtree. Miss the episode? Now is your chance to hear it! We will have the online copy available early next week.


How do you solve a problem like Millenials?

Housing market pundits have been all abuzz about the millennial age group after the U.S. Census reported that through 2013, the largest “age cohort” in the United States was 20 – 24, followed by 50 – 54, 25 – 29, and 30 – 34. Put differently, three of the four largest age group populations in the United States run from ages 20 – 34. (Calculated Risk )

Not so coincidentally, it is also the “millennial” age group (those born after 1982) that is a key reason for the changes in the housing market outlook. Though we have seen notable steps to recovery in the past several years – prices, values, and sales are all up – a lag in first-time buyer activity – just 27% compared to the historic 40% “norm” – has been cause for speculation and concern.

When we talk about millennials and changing demographics, these are the usual statistics that are listed:

- Millenials are delaying household formation.  According to a recent Pew report, 26% of people born after 1982 (Aged 18 – 32) are married… compared to 36% of Generation X at the same age and 48% of the Baby Boomer generation. (Pew Research Center)

- Millenials are opting to rent or live at home rather than purchase a new home.  During the downturn, more young people lived with their parents – 2.1 million adults in their 20s and 300,000 more adults in their 30s. (RealtyTrac). 

- Millenials are staying in school longer and taking on student debt. (HousingWire)

- Millenials are having a bit of trouble finding work. The recent U.S. recession slowed entrance to the workforce. Just 75.6% of U.S. citizens between the ages of 25 and 34 are employed. (CNBC)

All of these factors add up to a lower homeowners rate (37.9%) for the 25-34 age group than has been historically average. In 1980, the ownership for that age group was over 50%.

Now for the positive part. Just because millenials are deferring homeownership (and household formation) does not mean they are eschewing it. A recent study by the Harvard University’s Joint Center for Housing Studies projected 24 million new households will be formed by millenials between 2015 and 2025 (RealtyTrac).

But when the households form, will they be looking to purchase? RealtyTrac demographer Peter Francese thinks so (LINK):

“Despite their low rates of household formation there are now about 33 million Millennial households, and most of them are renters. In five years we conservatively project that there will be over 40 millennial Millenial households ages 25 to 44, and at least half of them will be homeowners.”

Francese argues that new household formation will account for 5 to 7 million more home sales. And as first-time buyers ramp up activity, property values will increase. Increased demand will spur construction and give incentive for existing owners to sell at lower ends of the price spectrum.

So how do you solve a problem like millenials? Just give them a little more time to grow up.


About Last Week…

June 30 30 Year FixedFirst quarter GDP was revised downward, from -1.0 percent growth to -2.9 percent growth. Gross Domestic Product, which measures to sum of all goods and services produced, slowed partially due to weather, which weighed on consumption.

Merrill Lynch noted, “the downward revision owed to two primary factors: weaker consumer spending on healthcare and a wider trade deficit.” (Calculated Risk)

Consensus seems to be that the poor reading was a mix of seasonal factors and bad luck, and that the economy is stronger than the contraction would indicate.

Mortgage rates dipped notably as a result of the poor news. In the past seven days, the 30-year fixed has dipped about 0.750% of a point in cost, moving the APR on a 4.000% 30-year fixed from 4.173% APR to 4.109% APR. The lower rate is a nice little incentive to close sooner rather than later.

See our post HERE for a rundown of the downward movement.

Last week we wrote about the FHA 203k loan, which helps buyers purchase a home and renovate / improve it – all in one mortgage. For more information.


This Week…

Markets will be closed on Friday for the holiday. The big news that will impact mortgage rates will come on Thursday with the release of June employment statistics in the U.S.


Central Coast Lending is a California mortgage broker and direct lender based on the Central Coast of California in San Luis Obispo County. Call us today at 805.543.LOAN or email [email protected] to set up a free pre qualification. We are The Mortgage Experts: ask us anything!

About   ||   Mortgage FAQ   ||   Market Update Blog   ||   Radio Show   ||   Contact