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Posts from the ‘Rate Update’ Category

18
Apr

Mortgage Rate Update (April 14 – April 18)

Below, please see our mortgage rate update for the week of April 14 – April 18. Mortgage rates have dropped by about 1/8 or 0.125 percent over the past week.

See our weekly market update column here: “Guidelines for Buying a Home after Foreclosure, Short Sale, or Bankruptcy.”

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
Apr

Mortgage Rate Update (April 7 – April 11)

Below, please see our mortgage rate update for the week of April 7 – April 11. Mortgage rates have dropped by about 1/8 or 0.125 percent over the past week.

See our weekly market update column here: “March Employment Report Comes in as Expected.”

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
Apr

Mortgage Rate Update (March 31 – April 4)

Below, please see our mortgage rate update for the week of March 31 – April 4. See our weekly market update column here: “Housing Affordability Declines, but Specialty Loan Programs Help Make up the Difference.”

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 »

27
Mar

Mortgage Rate Update (March 24 – 28)

Below, please see our mortgage rate update for the week of March 24 – 28. See our weekly market update column here: “Housing Affordability Declines, but Specialty Loan Programs Help Make up the Difference.”

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 »

20
Mar

Mortgage Rate Update (March 17 – 21)

According to Freddie Mac, 60% of total loan originations were refinances in 2013. Freddie Mac projects that number to drop to 38% in 2014.

Less people are refinancing their mortgage partly because rates are higher. Since dipping to 3.35% in May 2013, Freddie Mac’s national average of the 30-year fixed has reached 4.37%. Read more in our weekly market update column:

SLO County Mortgage Refinance: Activity Down, but Many Benefits Remain

Below, please see our mortgage rate update for the week of March 17. 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 »

13
Mar

Mortgage Rate Update (March 10 – 14) – Rates Rise After Employment Report

Mortgage rates have jumped after February’s employment report came back better than expected. Please see our weekly market update column to learn why:

Mortgage Rates Jump After Weekly Jobs Report: Here is Why

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 »

6
Mar

Mortgage Rate Update (March 3 – 7) – Little Movement

Mortgage rates remained mostly unchanged since last week, with mixed upward and downward movement. Please see our weekly market update column:

The Benefit of Cash-Out Refinance

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 »

27
Feb

Mortgage Rate Update (February 24 – 28) – Rates Continue to Hover

Mortgage rates remained mostly unchanged since last week. So far in 2014, rates have steadily ticked downward, though there has been little recent movement. Please see our weekly market update column:

Housing Market Strong in San Luis Obispo County

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 »

20
Feb

Mortgage Rate Update (February 17 – 21) – Rates Continue to Hover

Mortgage rates remained mostly unchanged since last week. So far in 2014, rates have steadily ticked downward, though there has been little recent movement. Please see our weekly market update column:

Fewer foreclosures, credit problems a good sign for housing market

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 »

12
Feb

Mortgage Rate Update (February 10 – 14) – Rates Mostly Unchanged

Mortgage rates remained mostly unchanged since last week. So far in 2014, rates have steadily ticked downward. Please see our weekly market update column:

Poor jobs report raises questions about U.S. economic strength

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 »