Mortgage Matters Radio: May 18
Miss a recent episode of the popular San Luis Obispo County radio show Mortgage Matters? Individual episodes are now available for download and offline use on the Central Coast Lending Soundcloud page.
Tune in as Mortgage Matters Radio hosts Jason Grote and Dan Podesto discuss the recent increase in jobless claims, the increase in median price for new and existing houses, and the confidence in the economy’s future health. Later, Jason and Dan are joined by Dan Ferreira from Ferreira Contracting.
Mortgage Matters Radio: May 11
Miss a recent episode of the popular San Luis Obispo County radio show Mortgage Matters? Individual episodes are now available for download and offline use on the Central Coast Lending Soundcloud page.
Co-owner Jason Grote was joined by Wes Burk of Patterson Realty as a co-host in Dan Podesto’s absence on the most recent airing of Mortgage Matters Radio. During the first hour of the show our co-hosts discussed the recent trends in the housing market, what the decreasing employment rate really means, and current consumer outlook. Jason was later joined by Julia Ogden of Habitat for Humanity as Julia expanded on Habitat for Humanity’s history, goals, and how to get involved.
Read more 
Mortgage Matters Radio: April 20
Listen in as your hosts Jason and Dan, joined by returning guest Wes Burk from Patterson Realty discuss recent economic growth, consumer sentiment, increases in home sales and prices, and unemployment aid application increases on our five-year anniversary of Mortgage Matters Radio!
With the great volatility in unemployment benefits, Jason and Dan discussed the not-so-alarming news of increases in the number of Americans seeking unemployment benefits. Unemployment aid applications increased just 4,000 last week; an increase that keeps applications at a sustainable level suggesting that March’s decreased hiring may be temporary.
The Fed has reported that economic growth has been moderate across the United States in late February and March due to a strengthening housing recovery and increased auto sales. All 12 of our Federal bank’s showed moderate or modest growth, and growth even accelerated in the New York and Dallas banking districts.
Mortgage Matters Radio: April 16
This week on Mortgage Matters, your hosts Dan and Jason discussed revenues in retail sales, unemployment applications, and drops in foreclosures.
As the weather has continued to stay relatively cool compared to past years, shoppers have held back on their spending. Although a tally by the International Council of Shopping Centers reported a rise in revenues of 1.4 percent in stores open at least a year, growth was lower than expected.
But of course, weather is not the only factor affecting consumer spending. Worries towards the long-term health of the economy, higher taxes, and unemployment have led consumers to spend less money.
Mortgage Matters Radio: April 6
This week on Mortgage Matters, Dan and Jason are joined by Brian Ghiglia of REC Solar, a returning guest on the show.
It’s mayhem in the streets of Morro Bay! Dan encourages everyone to avoid driving during Morro Bay’s annual city-wide yard sale (which was going on during the show). The event always draws a huge crowd and lots of traffic.
Another friendly reminder from Dan and Jason: it’s tax season! Income taxes are due on the 15th- don’t wait until the last minute to get yours done.
In the news, housing is feeling scarce, and jobs are also struggling- seeing a gain of only 88,000 new jobs in the month of March, the lowest in 9 months. As a result, interest rates dropped this past week across the board. Though this is good news for mortgage business, it is not for the economy as a whole. Read more
Mortgage Matters Radio: March 30
In the most recent airing of Mortgage Matters co-hosts Jason Grote and Dan Podesto are joined by Wally Greenaway, owner of the Appraisal Group of the Central Coast.
Our hosts decipher the mixed government results in economic growth, consumer spending, unemployment rates, construction, and local mortgage sales. Hear our analysis on the podcast below.
What is your home worth? The process, not so much as the guidelines, of property appraisals have changed in the past few years. How do you properly value a home when there are over bids and neighboring homes are over or under valued? Hear the facts from Wally Greenaway, reputable local real estate appraiser from the Appraisal Group of the Central Coast.
Mortgage Matters Radio: March 23
Co-owner Jason Grote was joined by one of Central Coast Lending’s Loan Officers, Will Barnaby, as a co-host in Dan Podesto’s absence on the most recent airing of Mortgage Matters Radio. During the show our co-hosts were accompanied by the well respected local architect, Steve Pults, as our featured guest.
As our North County Loan Officer, they both discuss market differences on each side of The Grade leading to a discussion on the USDA program, a popular loan program with many homes eligible in the North County. The USDA loan is through the Department of Agriculture and designed for rural areas to help low income to moderate income people afford a house. However, only certain regions qualify. To fit in the square there is also an income restriction besides the geographic restriction associated with the USDA loan. Jason and Will agree that if eligible, the USDA program is the best for someone wishing to acquire a purchase loan (assuming you don’t qualify for a VA loan). USDA loans can also be refinanced. Are you eligible for a USDA loan? You can view the eligibility map HERE, but note that the map will show Atascadero as ineligible, though the whole city is on a waiver making it eligible.
Give us a call and we will gladly let you know if you qualify! 805-543-LOAN (5626)
Coming soon, on April 1 the catch-all FHA loan program will be raising mortgage insurance premiums which will lead to a discussion on changing the mortgage insurance of FHA loans to a “Life of Loan” system on down payments. Listen to this podcast to hear our opinion and concerns for the change in the popular program.
Later in the show our co-hosts were joined by esteemed architect, Steve Pults of Pults & Associates. You would recognize his work as the Coast National Bank in Downtown SLO and Morro Bay, the Farm Supply on Tank Farm road, the Aero Vista Park near the SLO airport, and countless wineries in North County. A reputable local architect, we were grateful to host Steve Pults as our guest on Mortgage Matters Radio.
Listen to the entire podcast here.
Morrgage Matters Radio: March 16
Listen here for the most recent live recording of Mortgage Matters Radio with co-owners Dan Podesto and Jason Grote joined by Cal Poly Economics Department Chair Steve Hamilton.
It appears the economy is healing faster than originally anticipated. Jobless claims have returned to levels of 2008, retail spending is increasing steadily, and homes sales continue to gain momentum. Though Dow finally was down since its past 11 session positive streak, things are looking up. However, there are multiple economic forces impacting current market standards and figures. Hear the explanation and interpretation of such economic forces from a true economic expert, our most recent guest, Steve Hamilton, Cal Poly Economics Department Chair.
Enjoy our most recent podcast and tune in this coming Saturday on KVEC 920 from 10am to 12noon for a new, live edition of Mortgage Matters Radio, brought to you by Central Coast Lending, the Mortgage Experts.
Mortgage Matters Radio: March 9
Did you miss the most recent airing of Mortgage Matters Radio with regular host Dan Podesto of Central Coast Lending and featured co-host Wes Burke of Patterson Realty?
Though daylight savings time can’t be your excuse, you can catch up in all news mortgage and economic related by listening to our podcast here.
In brief, we cover the newest headlines of the past week, comparing economic data of 2007 to current data of February 2013. Dow again sits at a new record high just under 14,400, with comparable records dating back to 2007. However, in comparison the national unemployment rate of 2007 was just 4.7% with today’s national unemployment rate sitting at 7.7%. Even more, the median household income in 2007 was approximately $54,500 per year with the 2013 median household income at just barely $50,000 per year. In comparison, the median sales price of existing homes settled around $207,000 in 2007 but according to February 2013 statistics it lies at $174,000. Should these numbers be daunting or are the statistics of 2007 an unreliable comparison because of the then inflated market? Here our supporting and opposing arguments to the data presented in the headlines.
Joined by Eric Foronjy of Hague Quality Water based in Los Osos but servicing all of San Luis Obispo and Santa Barbara County, you’ll be amazed by his water quality expertise. Specializing in whole house water filtration systems, Eric Foronjy and his team are most concerned with helping consumers avoid the absorption and inhalation of chlorine and other carcinogens undoubtedly present in our water. You’ll be shocked to hear what we homeowners and renters are exposed to daily! Here it direct from this true quality water expert by listening to the most current Mortgage Matters Radio podcast here!
Mortgage Matters Radio: March 2
The Mortgage Experts are up-to-date in all news of the economy and housing market. If you missed our recent airing with co-hosts Jason Grote and Dan Podesto you can catch up by listening to our most recent podcast of Mortgage Matters Radio here!
In the news, manufacturing grew in February at the fastest pace in 20 months as consumers increased spending 0.2 percent in January from December. More specifically, factory goods classified as “core capital goods”, such as machinery, construction equipment, and computers, rose an entire 6.3 percent in January from December.
The sales of new homes jumped nearly 16 percent in January to their highest level in 4 ½ years, since July of 2008. Overall, the West continues to lag as the lowest month over month percentage with the Northeast up 8.2 percent, the Midwest up 4.5 percent, the South up 5.9 percent and the West essentially flat with only a 0.1 percent increase.
Listen to our podcast to learn more about the sequester, how re-casting can reduce your mortgage payments, and much more!
