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Down July, Now What Will the Markets Do?

In late January, I wrote a weekly tip about the possibility of the stock market having a ten percent correction. The month of January ended up being the first down month for the markets for some time. The month of July was the first down month for the three major US stock markets since January. Though, they were not down by much whatsoever. If you reflect back, we’ve not really had a mildly difficult or even choppy period in the markets in many years. That’s quite unusual.

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Mortgage Matters Radio on KVEC 920 (Aug 9): Alicia DiGrazia, Realtor

Alicia DiGrazia, realtor with Re/Max real estate, will be joining hosts Dan and Will Barnaby (filling in for Jason) on Mortgage Matters this Saturday (August 9) on KVEC 920 from 9 a.m. to 11 a.m.. More about Alicia:

I moved to San Luis Obispo County to attend Cal Poly and fell in love with the area. While in college I obtained my real estate license. For the past 10 years I have been assisting buyers and sellers with the purchase of homes, ranches, vineyards and wineries.

If you would like to purchase real estate in the Northern San Luis Obispo County I would love to put my experience to work for you.   Please give me a call (805) 591-5216 (office line) or shoot me an email [email protected].

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Mortgage Rate Update (August 6)

Mortgage rates are mostly unchanged from the previous week, despite last week’s busy sets of data. Employment, GDP, and Federal Reserve news came in without many surprises. Through it all, mortgage rates didn’t do all that much, which means that the market had mostly expected (and prepared for) such results.

Rates remain near their lowest levels in a year, making for a nice window for potential buyers to save hundreds off monthly interest payments.

Conventional Loan Programs

August 6 (Conventional) copy

Specialty Loan Programs

August 6 (Government) copy

Manufactured Home Loan Programs

August 6 (Manufactured) copy

Jumbo Loan Program

August 6 (Jumbo) copy

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 us here.

About the Loan Programs:



  • 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%. Rates for conventional loan programs assume a loan-to-value of 80%.
  • 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.
Bishops Peak

SLO County Real Estate Market Overview (Q2, 2014)

San Luis Obispo County is a beautiful place to live and work. The County’s economy is growing. The unemployment rate is sixth lowest in the state (of 58 counties) and the burgeoning local tech and engineering industries are booming. The unique mix of local foods, outdoor adventures, and friendly communities offers a little something for everyone.

Continue reading “SLO County Real Estate Market Overview (Q2, 2014)” »


North SLO County Real Estate Update (Q2, 2014)

2014 County Overview   |   North County   |   South County   |   Coast

The median sales price for single-family residential homes in the San Luis Obispo and North County area jumped in June for the third consecutive year.

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South SLO County Real Estate Update (Q2, 2014)

2014 County Overview   |   North County   |   South County   |   Coast

The pace of South County home sales has slowed into 2014’s summer months year-over-year, as fewer homes are on the market. Potential buyers are moving aggressively on the remaining properties, but low supply has kept many people on the sidelines.

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Coast SLO County Real Estate Update (Q2, 2014)

2014 County Overview   |   North County   |   South County   |   Coast

Through June of 2014, home prices on the “Coast” (Morro Bay, Los Osos, Cayucos, Cambria) region of San Luis Obispo County have jumped about 20% year-over-year. Prices have increased in all areas of the County, but here most of all.

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Real estate for sale

CHDAP Program Offers Assistance for First-Time Buyers

Central Coast Lending offers first-time homebuyers loans for up to 3% of the purchase price to assist with completion of down payment and closing costs. The low-interest rate loan is placed in junior position and repayment is “deferred” until the first loan is repaid, the home is sold, or the home’s title is transferred.

Continue reading “CHDAP Program Offers Assistance for First-Time Buyers” »


Monday Market Update: Rates Mostly Unchanged After Heavy Data Week

Last week was a busy one for economic data, but the news turned up mostly unremarkable, and mortgage rates showed little reaction. The conventional 30-year fixed rate ticked up by 1/8 of a point, the 15-year fixed conventional rate rose by 3/8 of a point, and the FHA rate (30-year fixed) dipped by 1/8 of a point.

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Las Ventanas Del Mar Housing Development (Pismo Beach, CA)

New Homes for Sale…

The Terraces at Las Ventenas Del Mar is planned housing development located in the hills above Pismo Beach. This Coastal Community Builders-built neighborhood offers views of the Pacific Ocean and Price Canyon.

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.

Las Ventanas Del Mar holds space for 68 single-family residential homes.  Through July 31 of 2014, nine homes have sold, five homes are pending construction, and three homes are currently available for sale. Another 15 homes will be coming soon.

San Luis Bay Realty handles inquiries: see here for updates on inventory.

Zillow estimates that the median price for listings in Pismo Beach is currently $795,500, while the current median home “value” in Pismo is $660,800.


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 us here to set up a free pre qualification. We are The Mortgage Experts: ask us anything!

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