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Central Coast Lending Offices to Close Monday, February 17

Our offices will be closed on Monday, February 17, and will reopen for normal business hours on Tuesday, February 18.

Bishops Peak

The Housing Market in 2014: Predictions From Around the Web

The median sales price for single-family homes rose by about 14% in San Luis Obispo County over the past year, jumping from $395,000 to $450,000, according to the Keith Byrd price tracker.

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Central Coast Lending Closed December 24th and 25th

Our offices will be closed on December 24th and 25th and will reopen on the 26th. Merry Christmas!

Fall in New England

Happy Holidays! CCL Thanksgiving Hours

Central Coast Lending’s offices will be open on Wednesday, November 27th, and closed for the remainder of the week. Got any mortgage or real estate questions? Please email us here and we will promptly respond to your inquiry.

Morro Bay (Harbor 1.7)

CCL Offices Closed for Veteran’s Day (11/11)

We will be closed in observation of Veteran’s Day on November 11. We will resume normal office hours the following day. Our usual Monday mortgage rate update will also be delayed a day. Thanks, and have a wonderful day!


U.S. Government Shuts Down

Partisan Stalemate to Blame

The Republican-controlled House of Representatives continues to tie the government budget to defunding initiatives of the Affordable Care Act (Obamacare). The Democrat-controlled Congress keeps rebuffing them, and President Barack Obama demands a “clean” to keep the government running.

As a result of the impasse, on the first day of the 2014 fiscal year (October 1) the United States government is shutdown and without a budget.

Financial markets took the close in stride. The Dow and S&P 500 actually rose slightly at the beginning of trading day, signaling the belief that the shutdown won’t be longwinded.

“Essential” functions will continue, while “non-essential” personnel will idle – some 800,000 workers.

The hit comes in a fraught year for government employees, who are already down work days after the sequester-induced austerity measures were triggered earlier this year. Spending battles continue to  wrack the divided government.

Early indications from analysts seem to suggest the government will be shutdown for several days.

Read more:

1. What would happen if US government shuts down? (CNBC)

A complete list of the government services that remain open and the effects that the shutdown will have.

2. Government Shutdown Begins as Deadlocked Congress Flails (Bloomberg)

A recap of the past 24 hours, including the clash between the House and Senate.

3. Government Shutdown Could Slow Housing Recovery (CNBC: Diana Olick)

The effect on mortgage and the housing recovery. In particular, the IRS is closed, which will stall mortgage processing. The IRS process tax return transcripts to verify income. Government employees will be unable to verify employment. The FHA remains open, but with a smaller staff.


Win $50 to top Local Restaurant Luna Red this Labor Day Weekend

We are extending the deadline for the Spirit of SLO Photography Contest through this Labor Day Weekend! The prompt: take a picture of a local “Skyscape” and the winner receives a $50 gift certificate to Luna Red.

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When can I move in? $8.5 million Los Osos property on the market for first time in 112 years

When can I move in banner los osos

How much do you think this house costs?

Los Osos Home 12aBecause it’s an older home, you’d be unlikely to guess anywhere near the $8.5 million asking price. So, what makes this seemingly modest house worth so much?

A few things, in fact. The first of which, unsurprisingly, is its location. Up in the hills on 2750 Pecho Valley Road in Los Osos and bordering Montana De Oro State Park, the property has amazing views of the dunes and ocean, stretching out to Morro Bay and beyond.

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Paso office

Central Coast Lending Closed July 4 and 5

Central Coast Lending will be closed on Thursday, July 4 and Friday, July 5. The office will resume normal business hours on Monday, July 8 (9 a.m. to 5 p.m.). To get your mortgage fix, check out Mortgage Matters Radio on KVEC 920 this Saturday from 10 a.m. to 12 noon.


6th annual Hunger Awareness Day across SLO County: Donate a little, make a big difference


Two SLO Food Bank volunteers collect donations outside Albertsons in Morro Bay.

Today marks the 6th annual Hunger Awareness Day in SLO County. Put on by the Food Bank Coalition of SLO County, the goal is to raise $150,000 in a single day to feed the estimated 44,000 homeless that reside in SLO County.

A $1 donation will provide $10 worth of nutritious food for those in need.

How can you donate? You can visit one of the booths set up throughout SLO and donate in person (a list of these sites can be found HERE), or donate online HERE.


Even just a dollar to two can make a big difference to those in need in our local community.