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Posts from the ‘Rate Update’ Category

16
Jul

Mortgage Rate Update (July 14 – July 18) – Rates Nearly Unchanged

Mortgage rates trended slightly upward for government loan programs like FHA, USDA, and VA, and dipped slightly for conforming loans (30-year fixed) and manufactured home loans. Overall, nothing much has changed. To echo what we wrote in last week’s update:

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

7.16 Conforming Rates

Specialty Loan Programs

7.16 Government Rates

Manufactured Home Loan Programs

7.19 Manufactured Rates

Jumbo Loan Program

7.16 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]

NOTE:

  • 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.
9
Jul

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]

NOTE:

  • 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.
3
Jul

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.

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26
Jun

Mortgage Rate Update (June 23 – June 27) – Rates Dropping!

Mortgage rates have dropped significantly since last week after poor U.S. news about U.S. economic growth sent investors for the safety of the bond markets.

Below, please see our mortgage rate update for the week of June 16 – June 20.

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19
Jun

Mortgage Rate Update (June 16 – June 20)

Below, please see our mortgage rate update for the week of June 16 – June 20.

APR calculations assume a rate and term refinance of a single family detached owner-occupied primary residence, loan amount $417,000 ($561,200 for high balance and $625,000 for jumbo), and a minimum FICO score of 760.

Obtain a free pre qualification and rate quote from Central Coast Lending today! Give us a call at 805.543.LOAN. Read more »

16
Jun
Bishops Peak

SLO County Housing Market Update: Sales, Construction, Mortgage Rates

Through May of 2014, there have been 1,012 sales of single family homes in San Luis Obispo County for a median price of $480,000Last year through the same period of time, there were 1,101 sales for a median of $430,000.

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13
Jun

Mortgage Rate Update (June 9 – June 13)

Below, please see our mortgage rate update for the week of June 9 – June 13.

APR calculations assume a rate and term refinance of a single family detached owner-occupied primary residence, loan amount $417,000 ($561,200 for high balance and $625,000 for jumbo), and a minimum FICO score of 760.

Obtain a free pre qualification and rate quote from Central Coast Lending today! Give us a call at 805.543.LOAN. Read more »

10
Jun

Mortgage Rate Update (June 2 – June 6)

Below, please see our mortgage rate update for the week of June 2 – June 6.

APR calculations assume a rate and term refinance of a single family detached owner-occupied primary residence, loan amount $417,000 ($561,200 for high balance and $625,000 for jumbo), and a minimum FICO score of 760.

Obtain a free pre qualification and rate quote from Central Coast Lending today! Give us a call at 805.543.LOAN.

Read more »

2
Jun

Mortgage Rates Near Lowest Level in 12 Months

800px-2012_Mini_Coupé_rear_(R59) 800px-Kubus_sofa-2An Olympia, Washington resident lives in a house with an 84 square foot floor plan, which is about a Mini Cooper Coupe crossed with a standard couch (right).

Dee Williams uses solar power to cover her electricity use, while eschewing the use of running water. Nor does she use a refrigerator. Check out a profile of her home on Zillow including pictures!).

And speaking of the smaller side of life… Pickleball is gaining popularity on the Central Coast. Pickleball is racket sport with a play space that look very similar to a tennis court – only much smaller. Paso Robles has installed five new pickelball courts at Centennial Park. The game is good for all ages! (Paso Robles Daily News).

—–

All this about size, and we are really just talking perspective. Take mortgage rates, for example.

The 30-year fixed mortgage rate has retreated to its lowest level in 12 months, according to Freddie Mac’s weekly survey of lenders. At a national average of 4.12%, a 30-year fixed rate in the low-4.0% level would be a bargain for buyers who have sat on the fence while looking at a 30-year fixed in the mid-4.50s.

[Click here to submit an online loan application or contact us to arrange a free consultation]

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9
May

Mortgage Rate Update (May 5 – May 9): Rates Continue to Drop

Below, please see our mortgage rate update for the week of May 5 – May 9.

See our weekly market update column here: “Employment and Housing Updates: Demographics Continue to Shift

APR calculations assume a rate and term refinance of a single family detached owner-occupied primary residence, loan amount $417,000 ($561,200 for high balance and $625,000 for jumbo), and a minimum FICO score of 760.

Obtain a free pre qualification and rate quote from Central Coast Lending today! Give us a call at 805.543.LOAN.

Read more »