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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)

We're sorry, but we couldn't find MLS # PW17207060 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

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

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

(all data current as of 2/24/2018)
Price $1,095,000
Beds 4
Baths 5 baths
Home size 3,454 sq ft
Lot Size 2,000 sqft
Days on Market 153
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 - $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 - 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)

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

We're sorry, but we couldn't find MLS # PW17264733 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

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

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

(all data current as of 2/24/2018)
Price $1,250,000
Beds 3
Baths 3 baths
Home size 2,403 sq ft
Lot Size 3,400 sqft
Days on Market 163
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 1/4/2018 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 - Nov 1, '17 $1,329,000
Nov 1, '17 - Nov 30, '17 $1,298,000
Nov 30, '17 - Dec 11, '17 $1,275,000
Dec 11, '17 - Today $1,250,000

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)

  • Phone

    714-693-1180
  • Email

    KriFowler@aol.com
  • Address

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