Kristen Fowler Group

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714-693-1180
Putting Families & Homes Together Since 1989

Open Houses 5/19 & 5/20

Kristen has some Beautiful Homes Open this Weekend. Come Stop By!  Call us today with any questions at 714-693-1180.

Saturday 5/19 from 1-4 pm

21068 VIA TOLEDO, Yorba Linda, CA 92887 (MLS # PW18115403)

(all data current as of 5/21/2018)
Price $1,225,000
Beds 4
Baths 3 baths
Home size 2,400 sq ft
Lot Size 16,349 sqft
Days on Market 6
Status Active
Incredible Location & Fabulous Lot! Amazing 16,350-SqFt Usable Lot in the Heart of Yorba Linda Features .... Approx. 70’ Long Gated RV/Boat Parking Space - Pool & Spa w/Removable Fencing - Grassy Space for Pets & Play - Huge Stacked Stone Island w/Bar Top Seating, Built-In BBQ, Sink & Burner - Solid Covered Patio Space – Gas Fire Pit w/Built-In Seating - Peaceful & Private Corner Lot Backs to Horse/Walking Trail, Only One True Neighbor! Beveled Glass Entry Door Opens to High Vaulted Ceilings, Brand New Wood Tile Flooring, Brand New Carpet & Elegant Plantation Shutters Thru-Out - Approx 2,400 SqFt Floorplan has 4 Bdrms & 3 Baths, Including a Main Floor Bed & Bath w/Shower, Great for Guests or In-Laws! Bright Remodeled Kitchen w/Granite Countertops; Newer White Cabinetry; Breakfast Eating Nook & Newer Stainless-Steel Appliances, Including Dishwasher, Micro & Electric Cooktop/Oven - Kitchen Opens to Family Rm w/Brick Fireplace & Granite Serving Bar - Formal Living Rm – Formal Dining Rm - Spacious Master Suite has Private Balcony Deck w/Scenic Views of Hills & Tree Tops - Updated Master Bath w/Dual Vanities & Large Faux Marble Tile Shower w/Seat - Upstairs are 2 More Bdrms & a Full Bath - Convenient Inside Laundry Rm - 3-Car Attached Garage Plus RV Space - Lot is Zoned for Up to Two Horses & is Walking Distance to Arroyo Park w/Playground & Horse Arena - No Mello Roos Tax – No HOA Dues - California Distinguished Schools: Travis Ranch Elementary/Middle & Esperanza High

Property Type(s): Single Family

Last Updated 5/18/2018 Tract Other (OTHR)
Year Built 1984 Community 85 - Yorba Linda
Garage Spaces 3.0 County Orange
Total Parking n/a

Schools

School District Placentia-Yorba Linda Unified
Elementary School Travis Ranch
Jr. High School Travis Ranch
High School Esperanza

Features

Air Central
Air Conditioning Yes
Appliances Barbecue, Dishwasher, Electric Range, Garbage Disposal, Microwave, Water Softener
Basement Foundation: Slab
Construction Brick, Stucco, Wood Siding
Exterior Barbecue Private, Lighting
Fireplace Yes
Garage Boat, Direct Garage Access, Driveway, Garage, RV Access/Parking, RV Gated, RV Potential, Yes
Heat Forced Air
Interior Bar, Cathedral-Vaulted Ceilings, Ceiling Fan, Granite Counters, Recessed Lighting
Lot Description Corner Lot, Front Yard, Horse Property Unimproved, Landscaped, Lawn, Lot 10000-19999 Sqft, Sprinkler System
Pool Yes
Style Traditional
View Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW18115403)

18085 VIA ROMA, Yorba Linda, CA 92886 (MLS # PW18057228)

(all data current as of 5/21/2018)
Price $1,050,000
Beds 4
Baths 5 baths
Home size 3,454 sq ft
Lot Size n/a
Days on Market 71
Status Active
Built by Toll Brothers....in a Prestigious Master Planned Development Overlooking Championship Black Gold Golf Course - Largest Model in the Tract the 'Alessandra' Floorplan has Approx 3,454 SqFt with 4 Bdrms & 4.5 Baths - Private Courtyard Entry Opens to Impressive Two-Story Foyer & a Truly Pristine Home - Handsome Marble & Hardwood Flooring - Formal Dining Rm - Gourmet Kitchen Features: Maple Cabinets w/Adjustable Shelves, Granite Slab Counters, Walk-In Pantry, Center Island & Stainless-Steel Appliances, Including 36' Cooktop w/Griddle, Convection Micro, Oven, Dishwasher, Warming Drawer & Built-In Refrig - Kitchen Opens to Family Rm w/Cozy Wood-Burning Fireplace - Grand Master Suite w/Spacious Walk-In Closet - Solid Covered Balcony Deck w/Beautiful Views of the Golf Course - Lavish Master Bath Offers Dual Marble Vanities, Jacuzzi Tub & Shower - Upstairs are 3 More Bdrms Each w/Private Bath, Bonus Rm Loft & Laundry Rm w/Sink - Main Floor Library Was Builder's Optional Guest Suite w/5th Bath - Backyard has Solid Covered Loggia & Relaxing Above Ground Spa - Attached 2-Car Garage w/Full Size Driveway - $446/mo HOA Dues Include Exterior Maintenance & Earthquake Insurance - Neighborhood Recreation Center w/BBQs, Picnic Area, Swimming Pool & Spa - Energy Efficient Multi-Zone Central Air Conditioning - Surrounded by Miles of Horse & Walking Trails - No Mello Roos Tax - CA Distinguished Schools: Lakeview Elmntry, Yorba Linda Middle & El Dorado High

Property Type(s): Condo/Townhouse/Co-Op

Last Updated 5/14/2018 Tract Other (OTHR)
Year Built 2010 Community 85 - Yorba Linda
Garage Spaces 2.0 County Orange
Total Parking n/a

Schools

School District Placentia-Yorba Linda Unified
Elementary School Lakeview
Jr. High School Yorba Linda
High School El Dorado

Features

Air Central, Dual
Air Conditioning Yes
Amenities Barbecue, Dues Paid Monthly, Earthquake Insurance, Maintenance Grounds, Picnic Area, Pool, Spa
Appliances Built In Range, Dishwasher, Garbage Disposal, Microwave, Range/Stove Hood, Refrigerator, Warmer Oven Drawer
Basement Foundation: Slab
Fireplace Yes
Garage Built-In Storage, Direct Garage Access, Driveway, Garage, Yes
Heat Central Furnace
Interior Balcony, Built-Ins, Ceiling Fan, Crown Moldings, Open Floor Plan, Recessed Lighting, Two Story Ceilings
Lot Description Back Yard
Style Mediterranean, Traditional
View Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW18057228)

Sunday 5/20 from 1-4 pm

21068 VIA TOLEDO, Yorba Linda, CA 92887 (MLS # PW18115403)

(all data current as of 5/21/2018)
Price $1,225,000
Beds 4
Baths 3 baths
Home size 2,400 sq ft
Lot Size 16,349 sqft
Days on Market 6
Status Active
Incredible Location & Fabulous Lot! Amazing 16,350-SqFt Usable Lot in the Heart of Yorba Linda Features .... Approx. 70’ Long Gated RV/Boat Parking Space - Pool & Spa w/Removable Fencing - Grassy Space for Pets & Play - Huge Stacked Stone Island w/Bar Top Seating, Built-In BBQ, Sink & Burner - Solid Covered Patio Space – Gas Fire Pit w/Built-In Seating - Peaceful & Private Corner Lot Backs to Horse/Walking Trail, Only One True Neighbor! Beveled Glass Entry Door Opens to High Vaulted Ceilings, Brand New Wood Tile Flooring, Brand New Carpet & Elegant Plantation Shutters Thru-Out - Approx 2,400 SqFt Floorplan has 4 Bdrms & 3 Baths, Including a Main Floor Bed & Bath w/Shower, Great for Guests or In-Laws! Bright Remodeled Kitchen w/Granite Countertops; Newer White Cabinetry; Breakfast Eating Nook & Newer Stainless-Steel Appliances, Including Dishwasher, Micro & Electric Cooktop/Oven - Kitchen Opens to Family Rm w/Brick Fireplace & Granite Serving Bar - Formal Living Rm – Formal Dining Rm - Spacious Master Suite has Private Balcony Deck w/Scenic Views of Hills & Tree Tops - Updated Master Bath w/Dual Vanities & Large Faux Marble Tile Shower w/Seat - Upstairs are 2 More Bdrms & a Full Bath - Convenient Inside Laundry Rm - 3-Car Attached Garage Plus RV Space - Lot is Zoned for Up to Two Horses & is Walking Distance to Arroyo Park w/Playground & Horse Arena - No Mello Roos Tax – No HOA Dues - California Distinguished Schools: Travis Ranch Elementary/Middle & Esperanza High

Property Type(s): Single Family

Last Updated 5/18/2018 Tract Other (OTHR)
Year Built 1984 Community 85 - Yorba Linda
Garage Spaces 3.0 County Orange
Total Parking n/a

Schools

School District Placentia-Yorba Linda Unified
Elementary School Travis Ranch
Jr. High School Travis Ranch
High School Esperanza

Features

Air Central
Air Conditioning Yes
Appliances Barbecue, Dishwasher, Electric Range, Garbage Disposal, Microwave, Water Softener
Basement Foundation: Slab
Construction Brick, Stucco, Wood Siding
Exterior Barbecue Private, Lighting
Fireplace Yes
Garage Boat, Direct Garage Access, Driveway, Garage, RV Access/Parking, RV Gated, RV Potential, Yes
Heat Forced Air
Interior Bar, Cathedral-Vaulted Ceilings, Ceiling Fan, Granite Counters, Recessed Lighting
Lot Description Corner Lot, Front Yard, Horse Property Unimproved, Landscaped, Lawn, Lot 10000-19999 Sqft, Sprinkler System
Pool Yes
Style Traditional
View Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW18115403)

18085 VIA ROMA, Yorba Linda, CA 92886 (MLS # PW18057228)

(all data current as of 5/21/2018)
Price $1,050,000
Beds 4
Baths 5 baths
Home size 3,454 sq ft
Lot Size n/a
Days on Market 71
Status Active
Built by Toll Brothers....in a Prestigious Master Planned Development Overlooking Championship Black Gold Golf Course - Largest Model in the Tract the 'Alessandra' Floorplan has Approx 3,454 SqFt with 4 Bdrms & 4.5 Baths - Private Courtyard Entry Opens to Impressive Two-Story Foyer & a Truly Pristine Home - Handsome Marble & Hardwood Flooring - Formal Dining Rm - Gourmet Kitchen Features: Maple Cabinets w/Adjustable Shelves, Granite Slab Counters, Walk-In Pantry, Center Island & Stainless-Steel Appliances, Including 36' Cooktop w/Griddle, Convection Micro, Oven, Dishwasher, Warming Drawer & Built-In Refrig - Kitchen Opens to Family Rm w/Cozy Wood-Burning Fireplace - Grand Master Suite w/Spacious Walk-In Closet - Solid Covered Balcony Deck w/Beautiful Views of the Golf Course - Lavish Master Bath Offers Dual Marble Vanities, Jacuzzi Tub & Shower - Upstairs are 3 More Bdrms Each w/Private Bath, Bonus Rm Loft & Laundry Rm w/Sink - Main Floor Library Was Builder's Optional Guest Suite w/5th Bath - Backyard has Solid Covered Loggia & Relaxing Above Ground Spa - Attached 2-Car Garage w/Full Size Driveway - $446/mo HOA Dues Include Exterior Maintenance & Earthquake Insurance - Neighborhood Recreation Center w/BBQs, Picnic Area, Swimming Pool & Spa - Energy Efficient Multi-Zone Central Air Conditioning - Surrounded by Miles of Horse & Walking Trails - No Mello Roos Tax - CA Distinguished Schools: Lakeview Elmntry, Yorba Linda Middle & El Dorado High

Property Type(s): Condo/Townhouse/Co-Op

Last Updated 5/14/2018 Tract Other (OTHR)
Year Built 2010 Community 85 - Yorba Linda
Garage Spaces 2.0 County Orange
Total Parking n/a

Schools

School District Placentia-Yorba Linda Unified
Elementary School Lakeview
Jr. High School Yorba Linda
High School El Dorado

Features

Air Central, Dual
Air Conditioning Yes
Amenities Barbecue, Dues Paid Monthly, Earthquake Insurance, Maintenance Grounds, Picnic Area, Pool, Spa
Appliances Built In Range, Dishwasher, Garbage Disposal, Microwave, Range/Stove Hood, Refrigerator, Warmer Oven Drawer
Basement Foundation: Slab
Fireplace Yes
Garage Built-In Storage, Direct Garage Access, Driveway, Garage, Yes
Heat Central Furnace
Interior Balcony, Built-Ins, Ceiling Fan, Crown Moldings, Open Floor Plan, Recessed Lighting, Two Story Ceilings
Lot Description Back Yard
Style Mediterranean, Traditional
View Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW18057228)

24420 AVENIDA DE MARCIA, Yorba Linda, CA 92887 (MLS # PW18116630)

(all data current as of 5/21/2018)
Price $1,299,888
Beds 5
Baths 3 baths
Home size 3,226 sq ft
Lot Size 21,440 sqft
Days on Market 5
Status Active
Brighton Ridge Estate with Sweeping Panoramic Views ... Look Out to Sparkling City Lights, Rolling Hills & Disneyland Fireworks - Premium 21,440-SqFt View Lot has Beautiful Manicured Landscaping in Front & Back - Private Entertainer’s Backyard Features Ample Patio Space w/Newer Vinyl Patio Cover, Built-In BBQ Island w/Sink & Low-Maintenance Artificial Turf - Spacious 3,226 SqFt Floorplan has 5 Bdrms & 3 Baths, Including a Main Floor Bed & Bath - Double Door Entry Opens to Soaring High Cathedral Ceilings & Impressive Two-Story Foyer w/Grand Curved Staircase - Formal Living Rm – Formal Dining Rm - Brand New Luxury Vinyl Plank Flooring – Brand New Carpet - Elegant Plantation Shutters - Recessed Lighting Throughout - Large Chef’s Kitchen Features: Extensive White Cabinetry, Center Island & Appliances Including Microwave, Dishwasher, Trash Compactor, Double Ovens & Gas Cooktop w/Hood - Breakfast Eating Nook + Bar-Top Seating - Kitchen Open to Family Rm w/Brick Fireplace & Wet Bar - Spacious Master Suite has Walk-In Closet & Sitting Area w/Fireplace - Master Bath Offers Dual Vanities, Tub & Separate Shower w/Seat - Upstairs are 3 More Bdrms & Second Full Bathroom - Convenient Inside Laundry Rm w/Sink - Attached 3-Car Garage w/Built-In Cabinetry - Gated RV/Boat Parking on Side Yard - Whole House Roof Tile Re-Lay in 2016 - No Mello Roos Tax – No HOA Dues - California Distinguished Schools: Bryant Ranch Elementary, Travis Ranch Middle & Yorba Linda High

Property Type(s): Single Family

Last Updated 5/19/2018 Tract Brighton Ridge (BRIR)
Year Built 1989 Community 85 - Yorba Linda
Garage Spaces 3.0 County Orange
Total Parking n/a

Schools

School District Placentia-Yorba Linda Unified
Elementary School Travis Ranch
Jr. High School Travis Ranch
High School Yorba Linda

Features

Air Central
Air Conditioning Yes
Appliances Built In Range, Dishwasher, Double Oven, Garbage Disposal, Gas Range, Microwave, Range/Stove Hood, Water Softener
Basement Foundation: Raised
Exterior Barbecue Private, Rain Gutters
Fireplace Yes
Garage Boat, Direct Garage Access, Driveway, Garage, RV Access/Parking, RV Gated, RV Potential, Yes
Heat Forced Air
Interior Built-Ins, Cathedral-Vaulted Ceilings, Ceiling Fan, Pantry, Recessed Lighting, Wet Bar
Lot Description Back Yard, Front Yard, Lot 20000-39999 Sqft
Style Traditional
View Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW18116630)

Open House Saturday 5/12/18

Join us this weekend at these Open Houses!

Saturday 5/12/18 1-4 pm

5852 OHIO Street, Yorba Linda, CA 92886 (MLS # PW18095700)

(all data current as of 5/21/2018)
Price $1,395,000
Beds 5
Baths 5 baths
Home size 3,395 sq ft
Lot Size 19,359 sqft
Days on Market 27
Status Active
Beautiful Customized 5-Bdrm Estate w/Entertainer’s Dream Backyard...Nearly ½ Acre Sprawling Terraced Lot is True Private Paradise Surrounded by Mature Landscaping - Pebble Tec Pool & Spa w/Rock Waterfall - Built-In BBQ Island - Huge Covered Patio Space – Organic Garden - Sport Court - Outdoor Shower & Bath AND MORE! Nearly 3,400-SqFt Home Features 2 Master Suites (one up & one down) & is Ideal for Multi-Generational Families w/Upgrades Thru-Out...Hardwood Flooring, LED Recessed Lighting, Crown Moldings & Plantation Shutters - Gorgeous Remodeled Granite Kitchen w/Custom Cabinets, Center Island w/Sink & Stainless-Steel Appliances, Including Thermador Double Ovens & Warming Drawer, Dacor Microwave Drawer & 6-Burner Gas Cooktop & Kitchenaid Built-In Refrig - Formal Living Rm w/High Vaulted & Beamed Ceiling, Fireplace & French Doors - Formal Dining Rm w/Custom Built-Ins - Kitchen Open to Family Rm w/Fireplace, Built-Ins & Wet Bar - Spacious Master Suite Up has Fireplace & Walk-In Closet - Master Bath w/Dual Marble Vanities, Jacuzzi Tub & Shower - Upstairs are 2 More Big Bdrms & Full Bath - Main Floor has 2 Bdrms & 2 Full Baths, Including Original Master Suite - Inside Laundry Rm - 3-Car Garage w/Drive Thru to Backyard & Separate Paved RV/Boat Parking Pad - Pull-Down Ladder to Extensive Attic Storage - All Dual-Pane Windows & Sliding Glass Doors - Zoned for 3 Horses - No Mello Roos Tax/HOA Dues - Calif Gold Ribbon-Awarded Schools: Linda Vista Elmntry, YL Middle & Esperanza High

Property Type(s): Single Family

Last Updated 4/25/2018 Tract Other (OTHR)
Year Built 1964 Community 85 - Yorba Linda
Garage Spaces 3.0 County Orange
Total Parking n/a

Schools

School District Placentia-Yorba Linda Unified
Elementary School Linda Vista
Jr. High School Yorba Linda
High School Esperanza

Features

Air Central, Dual
Air Conditioning Yes
Appliances 6 Burner Stove, Barbecue, Built In Range, Dishwasher, Double Oven, Garbage Disposal, Microwave, Range/Stove Hood, Refrigerator, Warmer Oven Drawer
Basement Foundation: Slab
Construction Stucco
Exterior Barbecue Private, Lighting, Rain Gutters
Fireplace Yes
Garage Built-In Storage, Direct Garage Access, Driveway, Garage, Pull-through, RV Access/Parking, RV Potential, Yes
Heat Forced Air
Interior Beamed Ceilings, Built-Ins, Ceiling Fan, Crown Moldings, Granite Counters, Open Floor Plan, Pantry, Pull Down Stairs to Attic, Recessed Lighting, Vacuum Central, Wet Bar
Lot Description Back Yard, Front Yard, Garden, Horse Property, Horse Property Unimproved, Lawn, Lot 10000-19999 Sqft, Sprinkler System, Yard
Master on Main Yes
Pool Yes
Style Traditional
View Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW18095700)

Saturday 5/12/18 1-4 pm

We're sorry, but we couldn't find MLS # PW18039764 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Saturday 5/12/18 12-3 pm

18085 VIA ROMA, Yorba Linda, CA 92886 (MLS # PW18057228)

(all data current as of 5/21/2018)
Price $1,050,000
Beds 4
Baths 5 baths
Home size 3,454 sq ft
Lot Size n/a
Days on Market 71
Status Active
Built by Toll Brothers....in a Prestigious Master Planned Development Overlooking Championship Black Gold Golf Course - Largest Model in the Tract the 'Alessandra' Floorplan has Approx 3,454 SqFt with 4 Bdrms & 4.5 Baths - Private Courtyard Entry Opens to Impressive Two-Story Foyer & a Truly Pristine Home - Handsome Marble & Hardwood Flooring - Formal Dining Rm - Gourmet Kitchen Features: Maple Cabinets w/Adjustable Shelves, Granite Slab Counters, Walk-In Pantry, Center Island & Stainless-Steel Appliances, Including 36' Cooktop w/Griddle, Convection Micro, Oven, Dishwasher, Warming Drawer & Built-In Refrig - Kitchen Opens to Family Rm w/Cozy Wood-Burning Fireplace - Grand Master Suite w/Spacious Walk-In Closet - Solid Covered Balcony Deck w/Beautiful Views of the Golf Course - Lavish Master Bath Offers Dual Marble Vanities, Jacuzzi Tub & Shower - Upstairs are 3 More Bdrms Each w/Private Bath, Bonus Rm Loft & Laundry Rm w/Sink - Main Floor Library Was Builder's Optional Guest Suite w/5th Bath - Backyard has Solid Covered Loggia & Relaxing Above Ground Spa - Attached 2-Car Garage w/Full Size Driveway - $446/mo HOA Dues Include Exterior Maintenance & Earthquake Insurance - Neighborhood Recreation Center w/BBQs, Picnic Area, Swimming Pool & Spa - Energy Efficient Multi-Zone Central Air Conditioning - Surrounded by Miles of Horse & Walking Trails - No Mello Roos Tax - CA Distinguished Schools: Lakeview Elmntry, Yorba Linda Middle & El Dorado High

Property Type(s): Condo/Townhouse/Co-Op

Last Updated 5/14/2018 Tract Other (OTHR)
Year Built 2010 Community 85 - Yorba Linda
Garage Spaces 2.0 County Orange
Total Parking n/a

Schools

School District Placentia-Yorba Linda Unified
Elementary School Lakeview
Jr. High School Yorba Linda
High School El Dorado

Features

Air Central, Dual
Air Conditioning Yes
Amenities Barbecue, Dues Paid Monthly, Earthquake Insurance, Maintenance Grounds, Picnic Area, Pool, Spa
Appliances Built In Range, Dishwasher, Garbage Disposal, Microwave, Range/Stove Hood, Refrigerator, Warmer Oven Drawer
Basement Foundation: Slab
Fireplace Yes
Garage Built-In Storage, Direct Garage Access, Driveway, Garage, Yes
Heat Central Furnace
Interior Balcony, Built-Ins, Ceiling Fan, Crown Moldings, Open Floor Plan, Recessed Lighting, Two Story Ceilings
Lot Description Back Yard
Style Mediterranean, Traditional
View Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW18057228)

Weekly Mortgage Update: March 26th 2018

March 27, 2018dillonBlog0

WEEKLY MORTGAGE UPDATE – MARCH 26, 2018

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (MARCH 25TH, 2018) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates may be moving back into neutral after last week’s meeting of the Federal Reserve.
  • As expected, the Fed raised its interest rates which had little impact on mortgage rates.
  • The bigger news from the gathering was that the Fed Governors’ predictions continue to show a split on how many rate increases to expect this year. Markets are now betting on only two more rate increases this year.
  • While the economy started 2018 with a bang, it appears to have significantly decelerated, potentially to under 2%. This makes the probability of inflationary flare-ups less likely and could help keep rates flat for a while.
  • However, even if the economy does shift into a lower gear, the potential of a trade war, with China scaling back US Treasury purchases, could push interest rates upward.
  • Final GDP numbers for the last quarter of 2017 are due this week. With the reduced concerns around accelerating growth, a reading of less than 2.2% could help push mortgage rates downward.
  • However, political news could push rates either way, especially if we see more threats of a trade war.

ADULTING IS INHIBITING HOUSING FOR YOUNGER FOLKS

According to the latest from Freddie Mac, the housing market is being held back to some degree by the financial challenges facing younger generations. Since 2000, young adults’ average annual expenditure has climbed by 36%, with both housing and healthcare more than doubling. Add in skyrocketing education costs and debt, coupled with lower labor market participation rates, and young people are having a more challenging time accessing the housing market.

Weekly Mortgage Update: March 7th, 2018

March 7, 2018dillonBlog0

WEEKLY MORTGAGE UPDATE – MARCH 7th, 2018

FIRST TEAM’S WEEKLY MORTGAGE WATCH (MARCH 4TH, 2018) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • While rates stepped higher again last week, they spent part of the week looking as if they might drive even further upward.
  • In his first testimony to Congress, the new Fed Chair, Jay Powell, expressed that he is increasingly optimistic that the US economy will continue to experience strong growth, and that he is confident that inflation will hit the Fed’s target level relatively soon.
  • Coupling this with a strong reading from the ISM Manufacturing Index, and Consumer Confidence returning to levels not seen since 2000, rates could have moved even higher.
  • However, comments from the President about the potential of starting a trade war dampened market enthusiasm in both stocks and bonds.
  • This week could end up focused on the potential for a trade war. The likely result of one could be higher prices.
  • As markets are already concerned about inflation, the more aggressive stance that the US takes against imports, the more likely that rates may rise. However, if the details are less aggressive than feared, rates might retreat. Of course, a strong employment report could change that.

HOME PRICES PASS HISTORIC PEAK LEVELS

In the third quarter of last year, average home prices passed their peak level from 2006. The Great Recession saw home prices across the nation fall by an average 33%. However, the rebound is not evenly distributed. Illinois, Nevada, Florida, and Arizona still remain below their historic highs, and almost 2.5 million homes are still underwater. Other states faired better, like North Dakota which only dropped 2% during the recession and is now up 48% since 2006. > Historic Peak Levels

Weekly Mortgage Update: January 28th, 2018

January 29, 2018dillonBlog0

WEEKLY MORTGAGE UPDATE – JANUARY 28, 2018

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (JANUARY 28TH, 2018) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Market momentum and positive economic news continue to press interest rates higher, with little relief on the horizon.
  • While the first GDP estimate for the final quarter of 2017 did come in at 2.6%, which was lower than expected, markets shrugged it off.
  • We still have two more estimates before the final reading, and other economic data point to upward revisions in the offing.
  • Inflation data in the GDP report also point to firming pressures that may push the Fed to more rate increases this year.
  • This week is jam-packed with economic news and data.
  • Changes in language are expected in the Fed’s policy statement that would push odds of a March rate hike to near 100%.
  • While chances of an increase this month are low, an unexpected hike by the Fed would certainly drive all interest rates even higher.
  • The ISM Manufacturing Index is expected to slip, but as long as the slip is less than 1.0 point, the impact will be muted.
  • Friday’s Employment report could easily send rates even higher if November’s new jobs number is adjusted upward and December’s comes in over 180,000.

ARE OLD BUILDINGS WORTH PROTECTING?

The January 10th demolition in Whitefish, MT of a building designed by architecture legend, Frank Lloyd Wright, highlights the tension between owners and preservationists. The tension often balances between the rights of owners, perceived historical value, potential market value of the land upon which the building sits, and the cost of maintaining or renovating. Unbeknownst to many, even a building on the National Register of Historic Places can be demolished.

Weekly Mortgage Update: 01/23/2018

January 24, 2018dillonBlog0

WEEKLY MORTGAGE UPDATE – JANUARY 23, 2018

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (JANUARY 21ST, 2018) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates continue to move upward as the third-longest economic expansion on record powers along.
  • With global economies also growing, major interest rates are all trending upward.
  • Last week, average 30-year mortgage rates stepped over 4%.
  • The cold winter weather helped propel Industrial Production numbers higher than expected, and weekly jobless claims fell to a 45-year low.
  • Market sentiment remains on the positive side, with equities on a march to set new high after new high.
  • With the long-held axiom that markets hate uncertainty, one might believe that the government shutdown would hurt equities, drive more cash into the relative security of treasuries, and pull rates downward. However, it appears that markets have simply accepted that Washington is dysfunctional.
  • Should the week’s economic news prove to be positive, we are very likely to see rates continuing to step upward. This would be especially true if Congress can get a deal in place to fund and reopen the government, and especially true if the week ends with GDP coming in over 3.0%.

FORECLOSURE RATES ARE DOWN

Across the US, the foreclosure rate has been steadily heading downward. On a national basis, the foreclosure filings, which include default notices, scheduled auctions, and bank repossessions dropped to a 12-year low. In 2017, only 676,535 properties faced foreclosure, compared to almost 3 million in 2010.

Weekly Mortgage Update: January 14th, 2018′

January 17, 2018dillonBlog0

WEEKLY MORTGAGE UPDATE – JANUARY 14, 2018

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (JANUARY 14TH, 2018) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates moved upward last week.
  • Economic news continues to point toward solid economic growth both here and abroad, with some signs that inflation may finally be taking hold.
  • Retail Sales grew 0.4%, right in alignment with expectations.
  • While both the Consumer and Producer Price Indices’ headline numbers were soft, the core readings revealed some increasing price pressures.
  • International news also pressured rates upward. The European Central Bank has tagged September as the end of their quantitative easing program, and Japan is showing signs of ending its long program of holding rates at zero.
  • Markets got a little spooked when news broke that China, the world’s largest investor in US treasuries, was considering trimming its purchases. Chinese officials denied the news.
  • This week would easily see rates continuing to march slowly upward, especially if we see Industrial Production numbers beat predictions.
  • Additionally, if weekly jobless claims drop back below 250K, easing labor market concerns, mortgage rates will feel even more pressure to climb higher.

SOCIETAL OCD KICKING IN THE KITCHEN

The 2018 U.S. Houzz Kitchen Trends Survey revealed that the number one priority in the kitchen is storage. While we love our kitchen gadgets, tools, and appliances, clutter in the kitchen seems to be driving us crazy. The growth in sales of recycling baskets, cookie sheet organizers, revolving corner trays, drawer organizers, and pull-out or swing-out trays and shelves supports these results. Runners-up for kitchen priorities include easy-to-work in, entertain in, and clean.

Weekly Mortgage Update: January 7th, 2018

January 8, 2018dillonBlog0

WEEKLY MORTGAGE UPDATE – JANUARY 7, 2018

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (JANUARY 7TH, 2018) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates launched into 2018 with a small dip. Despite another week of mostly positive economic data, rising stock markets, and many other interest rates moving upward, mortgage rates moved slightly downward.
  • While much hay was made over the under-expectations employment report, the sub-par 148,000 new jobs number will likely be revised higher in the coming months, as December’s data is often incomplete.
  • The ISM reports split direction with manufacturing surging ahead and services cooling. Both remain well on the “expansion” side of their equations.
  • Some of the trepidation of raising mortgage rates may have come from the minutes of the last Fed meeting.
  • There was ample concern about how the tax bill may impact the economy, which adds to future uncertainty.
  • This week is likely to see rates working to move upward. However, the lack of growing inflationary pressure seems to be significantly helping hold rates in check.
  • If the Producer and Consumer Price Indices reveal another month of non-threatening prices increases, rates could even dip slightly.

FINDING YOUR PERFECT WORK-LIFE BALANCE

Looking for that work-life balance? SmartAsset released an analysis attempting to find the perfect cities for perfect balance. The factors studied included the concentration of entertainment establishments, bars and restaurants, housing costs, home values, average weeks worked, average hours worked, average commute times, unemployment rate, and labor force participation rate. The top cites are Madison, WI, Lincoln, NE, Omaha NE, Lubbock, TX, and Columbus, OH.

Weekly Mortgage Update: 01/02/2018′

January 2, 2018dillonBlog0

WEEKLY MORTGAGE UPDATE – DECEMBER 31, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (DECEMBER 31ST, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • 2017 ended with mortgage rates remaining at astonishingly competitive levels. Despite year-after-year predictions that rates would be climbing, we’ve finished another year with low rates.
  • Much of last week’s increase was due to traders locking in profits, as the one economic report, Consumer Confidence, posted a significant decline, which was likely due to the drama about the tax legislation.
  • This week starts with the ISM Manufacturing Index and ends with the monthly employment data.
  • According to some models, GDP for the fourth quarter may be running at 2.8%. If this week’s data reveals that December was a better month than expected, then we could see those models adjusted upward to 3.0% or better.
  • This would be significant as we haven’t seen three quarters with 3.0% GDP or better growth since 2004-2005.
  • As we watch pundits and experts make their predictions for rate trends in 2018, it is well worth noting that we are in completely uncharted economic territory. The most important thing, when dealing with mortgages, is to work with someone that you trust.

LOAN LIMITS MOVING UPWARD AGAIN

Every year, Fannie Mae and Freddie Mac adjust their loan limits. This year the limits will be raised by about seven percent. The standard loan limit is increasing from $424,100 to $453,100. In high-cost areas, the limit can go as high as $679,650. The Federal Housing Administration is required to match the Freddie and Fannie limits, so FHA loan limits will also rise. Want to know what this means for you? Please give me a call and we can discuss how this impacts you.

Open House Schedule: 12/02/2017 & 12/03/2017

December 2, 2017dillonBlog, Open Houses0

OPEN SATURDAY from 1:00 – 4:00 pm (12/02/2017)

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OPEN SATURDAY from 1:00 – 4:00 pm (12/02/2017)

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OPEN SUNDAY from 1:00 – 4:00 pm (12/03/2017)

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OPEN SUNDAY from 1:00 – 4:00 pm (12/03/2017)

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  • Phone

    714-693-1180
  • Email

    KriFowler@aol.com
  • Address

    18180 Yorba Linda Blvd.
    Suite #501
    Yorba Linda, CA 92886
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