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Weekly Mortgage Update: 09/11/2017′

September 11, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – SEPTEMBER 10, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (SEPTEMBER 10TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Hurricanes and wildfires certainly have devastating consequences for those impacted, and we don’t want to discount the tragedy or human stories that accompany these events.
  • From an economic standpoint, however, the national impact is historically limited. Of course, these aren’t normal times and these events are gigantic and widespread.
  • Because we don’t have a clear idea of what the impact will be, we are seeing some money flowing into the relative safety of treasuries and bonds. In many ways, more uncertainty is creeping into the market.
  • Will Washington be able to accomplish anything meaningful to improve the economy? Why does the economy continue to power ahead without generating any significant inflation? All of these unknowns appear to be helping hold rates low. We may have more of the same this week.
  • The wider spread the devastation is in the southeast, the more likely we are to see rates continue to be pulled slowly downward.
  • However, if we get that surprise jumps in the Producer and Consumer Prices Indices, then rates might move upward.

IS YOUR IDENTITY AND CREDIT AT RISK?

Last week, Equifax revealed that it was hacked, and up to 143 million people may have had their information stolen. The data theft snagged names, social security numbers, birth dates, driver’s license numbers, and addresses. The company has responded by launching a website that enables consumers to find if their data was part of the breach. Visit EquifaxSecurity2017.com to learn more, and also be sure to pull your free credit report at AnnualCreditReport.com.

Open House Weekend 09/10 & 09/11

September 9, 2017dillonBlog, Open Houses0

Kristen Fowler Group is presenting four unique properties this weekend! Come take a look! Our team is committed to bringing our clients quality service and unrivaled experience in the North Orange County Market. Call us today with any questions on Buying, Selling, Renting & Leasing. We would be happy to help!

OPEN HOUSE SATURDAY 09/09/2017 from 1:00-4:00 pm

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

(all data current as of 9/24/2017)
Price $798,888
Beds 3
Baths 3 baths
Home size 2,297 sq ft
Lot Size 871 sqft
Days on Market 31
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 9/7/2017 Tract Other (OTHR)
Year Built 2012 Community 85 - Yorba Linda
Garage Spaces 4.0 County Orange
Total Parking n/a

Additional Details

Lot 871 sq ft Area 85 - Yorba Linda
HOA Dues 259 | Monthly Parking Spaces: 4.00
Pool Description Association,Community Pool,In Ground Stories 2
Subdivision Other (OTHR) Utilities Sewer Connected,Water Connected
View Description Catalina,City Lights Water Public

Features

Air Central
Air Conditioning Yes
Appliances Built In Range, Dishwasher, Garbage Disposal, Gas Oven, Microwave, Range/Stove Hood, T
Basement Foundation: Slab
Garage Boat, Direct Garage Access, Garage, Oversized, Yes
Heat Central Furnace
HOADescription Barbecue, Club House, Dues Paid Monthly, Gym/Ex Room, Maintenance Grounds, Playground, Pool, Spa
Interior Balcony, Built-Ins, Ceiling Fan, Granite Counters, Open Floor Plan, Pantry, Recessed Lighting
LotDescription Close to Clubhouse, Corner Lot
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 #PW17207060)

OPEN HOUSE SUNDAY 09/10/2017 from 1:00-4:00 pm

20365 VIA LAS VILLAS, Yorba Linda, CA 92887 (MLS # PW17191117)

(all data current as of 9/24/2017)
Price $1,299,000
Beds 4
Baths 4 baths
Home size 3,785 sq ft
Lot Size 8,712 sqft
Days on Market 39
Status Active
Upgraded East Lake Village Estate w/Garden Paradise Backyard ... Sparkling Pebble Tec Salt Water Heated Pool & Spa, Lush Tropical Landscaping, Grassy Side Yards, Stacked Stone Built-In BBQ & Gas Firepit - Premium Location in East Lake Near Top of Small Cul-De-Sac Street - Spacious Floorplan Offers 4 Bdrms + Bonus Rm, Including a Main Floor Bed w/Private Bath - Handsome Hardwood & Elegant Marble Flooring - Crown Moldings – Plantation Shutters - Formal Living Rm w/Fireplace – Formal Dining Rm w/Stained Glass Accents - Bright Chef’s Kitchen Features: Granite Counters, Walk-In Pantry & Updated Appliances, Including 40” Built-In Refrig, Double Ovens & Gas Cooktop - Brkfst Eating Nook - Kitchen Opens to Family Rm w/Stone Fireplace - Big Master Suite w/Walk-In Closet, Marble Fireplace & Retreat/Office Space - Luxurious Master Bath w/Dual Marble Vanities, Jetted Tub & Separate Shower - Upstairs Are 2 More Bdrms, Full Bath & Huge Bonus Rm w/Fireplace, Sink & Mini Refrig - Main Floor Bdrm has French Doors & En-Suite Bath w/Shower - Inside Laundry Rm w/Sink - 3-Car Attached Garage w/Epoxy-Coated Flooring - Central Vacuum System – Whole-House Intercom System - Hot Water Re-Circulating Pump – Water Softener – Reverse Osmosis System - Whole House has Epoxy-Coated Copper Plumbing - No Mello Roos Tax – Low $80/mo HOA Dues - Enjoy Community Pools, Spas, Gym, Clubhouse & Boating/Fishing on 15-Acre Lake - Calif Distinguished Schools: Glenknoll Elmntry, Bernardo Yorba Middle & Esperanza High

Property Type(s): Single Family

Last Updated 8/17/2017 Tract Estates IIb - East Lake Villag
Year Built 1997 Community 85 - Yorba Linda
Garage Spaces 3.0 County Orange
Total Parking n/a

Additional Details

Lot 8712 sq ft Area 85 - Yorba Linda
HOA Dues 80 | Monthly Parking Spaces: 3.00
Pool Description Association,Community Pool,Private,In Gr Stories 2
Subdivision Estates IIb - East Lake Villag Utilities Sewer Connected,Water Connected
View Description Hills,Mountain,Neighborhood,Peek-A-Boo,Pool Water Public

Features

Air Central, Dual
Air Conditioning Yes
Appliances Barbecue, Built In Range, Dishwasher, Double Oven, Electric Oven, Ga, Garbage Disposal
Basement Foundation: Slab
Exterior Barbecue Private
Fireplace Yes
Garage Direct Garage Access, Driveway, Garage, Yes
Heat Central Furnace, Zoned
HOADescription Barbecue, Club House, Dues Paid Monthl, Gym/Ex Room, Horse Trails, Playground, Pool, Spa, Sport Court, Tennis
Interior Built-Ins, Cathedral-Vaulted Ceilings, Ceiling Fan, Copper Plumbing Full, Crown Moldings, Granite Counters, Intercom, Open Floor Plan, Recessed Lighting, Vacuum Central, Wet Bar
LotDescription Back Yard, Cul-De-Sac, Front Yard, Landscaped, Lawn, Park Nearby, Sprinkler System
Pool Yes
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 #PW17191117)

OPEN HOUSE SUNDAY 09/10/2017 from 1:00-4:00 pm

We're sorry, but we couldn't find MLS # PW17110530 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

OPEN HOUSE SUNDAY 09/10/2017 from 1:00-4:00 pm

4107 PEPPER Avenue, Yorba Linda, CA 92886 (MLS # PW17141079)

(all data current as of 9/24/2017)
Price $923,000
Beds 4
Baths 2 baths
Home size 2,160 sq ft
Lot Size 9,583 sqft
Days on Market 98
Status Active
Home is Price Ranged $900,000 - $923,000 ..... Upgraded 'Chateau Hills' Home with Private Entertainer's Backyard ... Enjoy True SoCal Outdoor Living & Big Corner Lot Featuring Scenic Rock Waterfall Fountain, Built-In BBQ w/Sink & Bar Top Seating, Covered Patio Space, Grassy Area & Cozy Outdoor Fireplace - Unique 4BD/2BA Floorplan has High Vaulted & Beamed Ceilings Thru-Out - BRAND NEW Beautifully Remodeled Master Bath w/Dual Quartz Vanities, Chandelier Lighting, Soaking Tub & Separate Shower w/Glass Tile Accents - Secondary Bath Also Remodeled w/Dual Quartz Vanities & Tub/Shower w/Frameless Shower Door - All Newer Double & Triple-Pane Vinyl Windows & Sliding Glass Doors - Freshly Painted Exterior - Handsome Hardwood & Travertine Flooring Thru-Out - Updated Kitchen Offers Granite Counters, All Newer Cabinetry, Center Island & Newer Appliances, Including Electric Cooktop/Oven & Stainless Steel Micro & Dishwasher - Formal Living Rm w/Brick Fireplace - Formal Dining Rm - Large Family Great Room - Master Suite has Dual Mirrored Wardrobes & Private Slider to Lovely Backyard - 3 Additional Bdrms, Including Main Floor Bdrm Currently Used as Office/Den - Convenient Inside Laundry Area - 3-Car Attached Garage w/Storage Above - Highly Desirable Neighborhood in YL High School Boundary Surrounded by Multi-Million Dollar Estates - No Mello Roos Tax & No HOA Dues - Fabulous California Distinguished Schools: Fairmont Elmntry, Bernardo Yorba Middle & New YL High

Property Type(s): Single Family

Last Updated 9/7/2017 Tract Chateau Hills (CTHL)
Year Built 1981 Community 85 - Yorba Linda
Garage Spaces 3.0 County Orange
Total Parking n/a

Price History

Prior to Jun 21, '17 $928,000
Jun 21, '17 - Today $923,000

Schools

School District Placentia-Yorba Linda Unified
Elementary School Fairmont
Jr. High School Bernardo Yorba
High School Yorba Linda

Additional Details

Lot 9583 sq ft Area 85 - Yorba Linda
HOA Dues 0 Parking Spaces: 3.00
Pool Description None Stories 1
Subdivision Chateau Hills (CTHL) Utilities Sewer Connected,Water Connected
View Description Trees/Woods Water Public

Features

Air Central
Air Conditioning Yes
Appliances Barbecue, Dishwasher, Electric Range, Garbage Disposal, Microwave
Basement Foundation: Slab
Construction Stucco, Wood Siding
Exterior Barbecue Private, Lighting
Fireplace Yes
Garage Driveway, Garage, Yes
Heat Central Furnace
Interior Beamed Ceilings, Ceiling Fan, Granite Counters, Pantry, Recessed Lighting
LotDescription Back Yard, Corner Lot, Front Yard, Lawn, Sprinkler System
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 #PW17141079)

 

Weekly Mortgage Update: 09/05/2017′

September 5, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – SEPTEMBER 3, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (SEPTEMBER 3RD, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Last week saw mortgage rates creep slightly downward, even with some strong economic news.
  • The ISM Manufacturing Index surged higher, and Consumer Confidence stepped upward again.
  • This was coupled with GDP being adjusted upward more than expected to a solid 3.0% for the 2nd quarter. However, other data and news helped pull rates downward.
  • The number of new jobs created in August fell short, and the two previous months were notched downward.
  • Inflation continues to be so negligible, that odds of the Fed raising rates again this year are sliding downward.
  • All of this comes against the backdrop of North Korea testing another nuclear weapon and concerns regarding the impact of Hurricane Harvey. Partially due to these events, investors shifted money into the relative safety of US Treasuries and bonds, even though the events may have limited economic impact.
  • This week is much lighter on the economic front, and with most of the critical monthly data behind us, rates are more than likely to drift about, in a very tight range, unless something dramatic happens.

PRESSURE FOR ALTERNATIVE CREDIT SCORING MOUNTS

America’s Homeowners Alliance, a coalition of 15 housing and finance associations, is ramping up the pressure on the Federal Housing Finance Agency (FHFA) to approve the use of alternative credit scoring models at Fannie Mae and Freddie Mac. The FHFA appears to be pushing out the date that the models could be implemented. The Alliance believes that implementing the alternative models could help stem the decline in the homeownership rate of some groups.

  • Phone

    714-693-1180
  • Email

    KriFowler@aol.com
  • Address

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