Ask Marilyn at Central Coast Lending

Ask Marilyn at Central Coast Lending Your one-stop for all your mortgage and financial service needs. MARILYN MORENO NMLS #324800
CENTRAL COAST LENDING NMLS ID 328358

Mortgage Applications Keep Kicking The Can https://cstu.io/eddbed
11/24/2024

Mortgage Applications Keep Kicking The Can https://cstu.io/eddbed

It's not entirely clear if it's a can or the proverbial bucket.  All we know is that mortgage applications have been kicking it.  There's no great way to make the news interesting now that loan volume has done what anyone would have expected it to do, given the the rapi...

Average rate on a 30-year mortgage slips for first time in weeks https://cstu.io/3fe252
11/21/2024

Average rate on a 30-year mortgage slips for first time in weeks https://cstu.io/3fe252

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased.

Rocket Mortgage origination volume jumps 28% in Q3 https://cstu.io/08e297
11/21/2024

Rocket Mortgage origination volume jumps 28% in Q3 https://cstu.io/08e297

Detroit-based Rocket Companies saw its strategy of investing in technology and expanding its servicing portfolio start to pay off in Q3 2024.

Mortgage Rates Didn't Move Much Over The Weekend https://cstu.io/370be6
11/21/2024

Mortgage Rates Didn't Move Much Over The Weekend https://cstu.io/370be6

The average top tier conventional 30yr fixed rate was just a hair over 7% on Friday afternoon and the same is true at the start of the new week.  Rates are based on bonds, but while bonds move constantly throughout the day, mortgage lenders only adjust rates once per day unless there's....

Mortgage Rates End Higher, But Not As High as This Morning https://cstu.io/8b9b23
11/19/2024

Mortgage Rates End Higher, But Not As High as This Morning https://cstu.io/8b9b23

This afternoon's mortgage rates are higher than yesterday's latest levels.  That's a result of bond market weakness seen late yesterday and earlier this morning.  Why would yesterday's market movement matter?  Simply put, it was too late in the day for many...

Are you in a mortgage switching sweet spot? If so, you could save thousands https://cstu.io/17359a
11/19/2024

Are you in a mortgage switching sweet spot? If so, you could save thousands https://cstu.io/17359a

A combination of factors can combine to put you slap bang in the middle of the zone where banks will want to give you a better mortgage rate

Mortgage Rates Fall to 6.78% Amid Postelection 'Rate Volatility' https://cstu.io/c34545
11/19/2024

Mortgage Rates Fall to 6.78% Amid Postelection 'Rate Volatility' https://cstu.io/c34545

The coming months could bring more mortgage rate volatility as reactions to the presidential election and its implications move through the market.

Trump's economic agenda for his second term is clouding the outlook for mortgage rates https://cstu.io/df17ee
11/19/2024

Trump's economic agenda for his second term is clouding the outlook for mortgage rates https://cstu.io/df17ee

LOS ANGELES (AP) — Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House.

Mortgage Applications Increase After Five Weeks of Downturns https://cstu.io/00c992
11/19/2024

Mortgage Applications Increase After Five Weeks of Downturns https://cstu.io/00c992

After several weeks of decreases, mortgage applications bumped up this week, increasing 0.5% from last week’s somewhat notable decrease of

Mortgage Rates Roughly Unchanged Yet Again Despite Bond Market Losses https://cstu.io/e31b69
11/18/2024

Mortgage Rates Roughly Unchanged Yet Again Despite Bond Market Losses https://cstu.io/e31b69

Losses... weakness... selling pressure...  When any of these things happen in the bond market, it puts upward pressure on interest rates.  Mortgage rates are primarily determined by bonds, after all.   Today started out well enough for the bond market.  T...

Mortgage Rates Stall https://cstu.io/b67207
11/18/2024

Mortgage Rates Stall https://cstu.io/b67207

“After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers,” said Sam Khater, Freddie Mac’s Chief Economist. “Our latest research shows that mortgage payments compared to […]

Short-lived mortgage rate dip fueled Twin Cities home-buying spike in October https://cstu.io/88749a
11/18/2024

Short-lived mortgage rate dip fueled Twin Cities home-buying spike in October https://cstu.io/88749a

Pending sales were up double digits for the first time this year.

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1732 Palma Drive, Suite 200
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