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Weekly Mortgage Update: November 20th, 2017

November 20, 2017dillonBlog0

WEEKLY MORTGAGE UPDATE – NOVEMBER 20, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (NOVEMBER 19TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates stepped slightly higher last week on mostly positive economic data mixed with some additional political uncertainty.
  • Retail Sales posted a 0.2% increase, while Industrial Production powered ahead by 0.8%.
  • Inflationary data revealed a continuation of upstream price pressure in the Producer Price Index, but not much is flowing through to the consumer level.
  • A few analysts are talking a bit more about the potential for inflation to flare in the coming months, but most experts don’t expect any dramatic increases.
  • All interest rates are very likely to increase, especially if the Fed continues even small rate increases, along with the slow unwinding of its massive portfolio.
  • The wide variances in the Senate and House tax plans, including the impact of housing also created some additional uncertainty, which may have generated a little extra upward pressure on rates.
  • The most important economic news of this week could be the Fed’s latest meeting minutes. If we see hints of a few more governors taking more hawkish stances, then rates would likely move upward.

IT’S A SELLER’S MARKET, BUT WHERE ARE THE SELLERS?

According to ValueInsured’s latest, Modern Homebuyer Survey, 79% of homeowners believe that now is a good time to sell. However, many are reluctant to put their home on the market. 72% of those who are interested in selling are concerned with “timing the real estate market.” Almost two in three believe that now is a good time to sell, but also believe that it is a bad time to buy. 61% are holding on and “waiting until prices to buy are better to make a move.”

Open House Schedule 11/18/2017 & 11/19/2017

November 18, 2017dillonOpen Houses0

Kristen Fowler Group has 5 different properties Open this weekend between Saturday and Sunday. We hope you can make it out! Call us today with any questions direct at 714-693-1180

OPEN SATURDAY from 1:00 – 4:00 pm (11/18/2017′)

5485 RYAN Drive #65, Yorba Linda, CA 92887 (MLS # PW17255513)

(all data current as of 11/21/2017)
Price $725,000
Beds 4
Baths 3 baths
Home size 2,621 sq ft
Lot Size 2,999 sqft
Days on Market 19
Status Active
Big Bright ‘La Terraza’ Home in Move-In-Ready Condition! Spacious 2,614-SqFt Floorplan has 4 Bdrms & 3 Baths, Including a Main Floor Bed & Upgraded Bath with Shower .... High Cathedral Ceilings & Numerous Windows Throughout! Gorgeous Newly Remodeled Kitchen Features: All New White Shaker Cabinetry; Sparkling Quartz Countertops; Walk-In Pantry; and Stainless-Steel Appliances - Beautiful Newer Faux Wood Tile Flooring - Recessed Lighting & Ceiling Fans Throughout - Formal Living Room with Fireplace - Formal Dining Room - Kitchen Eating Nook + Breakfast Bar Seating
Kitchen Open to Family Room with Fireplace & Built-In Cabinetry - Large Master Suite with High Vaulted Ceiling, Fireplace & Walk-In Closet - Master Bathroom Offers Dual Vanities, Soaking Tub & Separate Shower - Upstairs are Two More Bedrooms, Jack-&-Jill Bathroom & Convenient Upstairs Laundry Room with Cabinets - Generous Backyard with Patio Space + Grass for Pets & Play - Attached 2-Car Garage with Direct Access to Home - Newer HVAC System – Newer Water Heater - No Mello Roos Tax - $315/month HOA Dues to Enjoy Community Pool, Spa & Tennis Sport Court - California Distinguished Schools: Bryant Ranch Elementary, Travis Ranch Middle & Yorba Linda High School

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

Last Updated 11/13/2017 Tract La Terraza I (LAT1)
Year Built 1990 Community 85 - Yorba Linda
Garage Spaces 2.0 County Orange
Total Parking n/a

Schools

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

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 #PW17255513)

OPEN SATURDAY from 1:00 – 4:00 pm (11/18/2017′)

3878 PAR Drive, Yorba Linda, CA 92886 (MLS # PW17207060)

(all data current as of 11/21/2017)
Price $775,000
Beds 3
Baths 3 baths
Home size 2,297 sq ft
Lot Size 999 sqft
Days on Market 89
Status Active
Newer-Built & Model-Perfect ‘Palisades’ Townhome! Premium Corner Unit with No Building Directly Behind - Savor Beautiful Views of Sunsets & City Lights from this Truly Lovely Home with Upgrades Throughout! Designer Faux Wood Tile Flooring & Upgraded Carpet - Plantation Shutters – Recessed Lighting - Formal Living Room – Formal Dining Room - Spacious Chef’s Kitchen Features: Granite Countertops; Deep Pantry; Center Island; and Stainless Steel ‘GE Profile’ Appliances, Including Dishwasher, Microwave, Oven & Gas Cooktop with Hood - Brkfst Eating Nook - Kitchen Open to Family Great Room & Covered Balcony with Scenic Views - Generous Master Suite with Walk-In Closet - Master Bathroom Offers Dual Quartz Vanities, Soaking Tub & Separate Shower with Seat - Upstairs Are Two Additional Bedrooms, Full Upgraded Quartz Bathroom & Laundry Room with Sink - Backyard Paver Patio has Artificial Turf & Space to BBQ & Entertain - AWESOME Oversized 4-Car Attached Garage with Epoxy-Coated Flooring & Storage Galore - Water Conditioning System - $259/month HOA Dues to Enjoy Resort Style Community Pool, Spa, Gym, Yoga Room & Tot Lot Playground - No Mello Roos Tax - Prestigious Master-Planned Vista Del Verde Golf Community is Surrounded by Miles of Horse & Walking Trails & Close to Parks & 18-Hole Black Gold Golf Course - California Distinguished Schools: Lakeview Elementary, Yorba Linda Middle & El Dorado High School - Complex is FHA Approved Too

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

Last Updated 11/6/2017 Tract Other (OTHR)
Year Built 2012 Community 85 - Yorba Linda
Garage Spaces 4.0 County Orange
Total Parking n/a

Price History

Prior to Sep 7, '17 $798,888
Sep 7, '17 - Today $775,000

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 #PW17207060)

OPEN SUNDAY from 1:00 – 4:00 pm (11/19/2017′)

5364 VIA MORENA, Yorba Linda, CA 92886 (MLS # PW17212958)

(all data current as of 11/21/2017)
Price $1,329,000
Beds 3
Baths 3 baths
Home size 2,403 sq ft
Lot Size 3,400 sqft
Days on Market 68
Status Active
Live on the Water! Extremely Rare DETACHED East Lake Shores Home w/Tasteful Upgrades Thru-Out - Celebrate Life on the Lake in Beautiful Waterfront Backyard Featuring Outdoor Fireplace, Covered Patio, Built-In BBQ w/Granite Bar Top Seating & Extensive Use of Stacked Stone - Backyard Faces East for Morning Sun! Sale INCLUDES ElectraCraft Enclosed Boat to Enjoy Year Round - Cambridge Model Home Features Elegant Plantation Shutters, Crown Moldings & Recessed Lighting Thru-Out - Remodeled Granite Kitchen w/White Cabinetry & Stainless Steel Appliances - Handsome Hardwood Flooring - Family Rm w/Built-Ins & Stacked Stone Fireplace - Formal Dining Rm - Spacious Living Rm w/French Doors to Backyard - Master Suite has Walk-In Closet, High Vaulted Ceilings & Private Balcony Deck w/Views of the Water - Updated Master Bath w/Dual Vanity, Jet Tub & Shower - Upstairs are 2 More Bdrms & Updated Bath w/Shower - Convenient Upstairs Laundry Rm - 2-Car Garage w/Built-Ins & Attic Storage - All Newer Dual-Pane Windows & Doors - Water Filtration & Conditioning System - Newer HVAC System & NEW Water Heater - Enjoy All East Lake Village Amenities: Catch & Release Fishing, Paddle Boarding, Kayaking, Clubhouse, 5 Community Pools, Sports Courts, Gym & Annual Patriotic & Christmas Boat Parades - HOA Dues Also Include Exterior Maintenance of Home, Structural Insurance, Including Earthquake, Basic Cable & Trash Pickup - Calif Distinguished Schools: Fairmont Elmntry, Bernardo Yorba Middle & Esperanza High

Property Type(s): Single Family

Last Updated 11/1/2017 Tract Eastlake Shores (ELSH)
Year Built 1985 Community 85 - Yorba Linda
Garage Spaces 2.0 County Orange
Total Parking n/a

Price History

Prior to Sep 15, '17 $1,349,000
Sep 15, '17 - Today $1,329,000

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 #PW17212958)

OPEN SUNDAY from 1:00 – 4:00 pm (11/19/2017′)

19821 SIENNA Lane, Yorba Linda, CA 92886 (MLS # PW17250436)

(all data current as of 11/21/2017)
Price $775,000
Beds 5
Baths 3 baths
Home size 2,614 sq ft
Lot Size 6,874 sqft
Days on Market 22
Status Active
Your Blank Canvas Awaits! Original Owners of Spacious & Well-Maintained 5-Bedroom Home in the Heart of Yorba Linda - Big Usable Pool-Sized Lot has Space to Design Your Dream Backyard - All Newer Dual-Pane Windows & Doors with Lifetime Warranty - Brand New HVAC System - Approximately 2,614 SqFt of Living Space Offers 5 Bedrooms, 2.5 Bathrooms & Loads of Living Space! Inviting Exterior with Freshly Painted Wood Trim - Impressive Double Door Entry - Formal Living Room – Formal Dining Room - Kitchen Features Solid Countertops, Dishwasher, Microwave, Electric Stove/Oven & Beautiful View of the Backyard - Kitchen Eating Nook - Oversized Family Great Room with Brick Fireplace & Dual Sliding Glass Doors Leading to Backyard - Master Suite has Walk-In Closet & Private Bathroom with Shower - Upstairs are 4 More Bedrooms & Full Bathroom - Bonus Room Loft Also Upstairs! Large Inside Laundry Mud Room - Attached 2-Car Garage with Direct Access to Home - No Mello Roos Tax – No HOA Dues - California Distinguished Schools: Fairmont Elementary, Bernardo Yorba Middle & Yorba Linda High

Property Type(s): Single Family

Last Updated 11/17/2017 Tract Yorba Linda Knolls Estates (YR
Year Built 1971 Community 85 - Yorba Linda
Garage Spaces 2.0 County Orange
Total Parking n/a

Price History

Prior to Nov 3, '17 $799,999
Nov 3, '17 - Today $775,000

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 #PW17250436)

OPEN SUNDAY from 1:00 – 4:00 pm (11/19/2017′)

18085 VIA ROMA, Yorba Linda, CA 92886 (MLS # PW17221054)

(all data current as of 11/21/2017)
Price $1,095,000
Beds 4
Baths 5 baths
Home size 3,454 sq ft
Lot Size 2,000 sqft
Days on Market 58
Status Active
Built by Toll Brothers … The Heritage at Vista Del Verde is 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 - $395/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 - Calif Distinguished Schools: Lakeview Elmtry, Yorba Linda Middle & El Dorado High

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

Last Updated 9/26/2017 Tract Other (OTHR)
Year Built 2010 Community 85 - Yorba Linda
Garage Spaces 2.0 County Orange
Total Parking n/a

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 #PW17221054)

 

Weekly Mortgage Update: November 12th, 2017

November 13, 2017dillonBlog0

WEEKLY MORTGAGE UPDATE – NOVEMBER 12, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (NOVEMBER 12TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Last week saw average mortgage rates drift slightly downward. With limited economic data or news, markets appeared to focus more on the tax reform news flowing out of Washington.
  • The wide gaps between the Senate and House versions may have created some disappointment that the probability of a bill moving quickly through Congress has decreased.
  • We could see politics surrounding this tax bill playing a role in mortgage rates. If the process of reconciling the two versions becomes extremely acrimonious, and odds of having a bill to the President before the end of the year drop, we could see mortgage rates struggling to move upward, or at least muting any upward movement.
  • This week brings us the Producer and Consumer Price Indices, along with Retail Sales and Industrial Production.
  • If we get another unexpected flare upward in any of the inflation readings, rates could be pressured upward.
  • However, Retail Sales is expected to only post a very small increase, and if it comes in as a decline instead, then we could see mortgage rates drifting slowly downward.

WAS AFFORDABILITY BETTER IN THE LATE 1990’S?

According to new research from Black Knight, Inc., home affordability is better today than it was in the late 1990’s. While many people are concerned about increasing home prices, data reveals that buyers today need a smaller percentage of their median income for a down payment on a home. Currently, a homebuyer would need 21.4% versus 24.2% in the 1990’s. The payment-to-income ratio required for a mortgage payment has also dropped by 2.8%!

  • Phone

    714-693-1180
  • Email

    KriFowler@aol.com
  • Address

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