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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)

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′)

We're sorry, but we couldn't find MLS # PW17255513 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 (11/18/2017′)

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

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)

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

We're sorry, but we couldn't find MLS # PW17250436 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 (11/19/2017′)

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)

 

Weekly Mortgage Update: October 23rd, 2017′

October 23, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – OCTOBER 22, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (OCTOBER 22ND, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgages rates were slightly up last week, with stock markets pulling some cash out of bonds.
  • Industrial Production did step somewhat higher, and the Beige book noted improvement in one Fed district.
  • Existing Home Sales did manage a small uptick, while Housing Starts moved in the opposite direction.
  • Storm-related issues appear to continue to impact some indicators, including weekly jobless claims and the Leading Economic Indicators.
  • To the frustration of some, we seem to be plodding along the same economic course that we have for years. While it may lack pizzazz and great headlines, we have had continued economic growth, job growth, and low inflation.
  • This week, we may see mortgage rates tick up slightly, especially if stock markets continue to rocket higher, as they did last week.
  • However, if the first estimate of last quarter’s GDP hits 3.0%, which is above most economists’ expectations, then we would see rates flaring higher.
  • However, if GDP drops below 2.0%, we could see mortgage rates end the week on a downward trajectory.

WHERE IS IT THE MOST EXPENSIVE TO BUILD A HOUSE?

The National Association of Home Builders analyzed all the data from 2016 to discover what it costs to build a house around the country. The most expensive was a contractor-built home in the Pacific region, coming in at $164 per square foot, excluding improved lot costs. The cheapest homes were spec homes built in the in the East South Central (VA, TN, AL, and MS) coming in at $91 per square foot. The national average worked out to be $101 per square foot.

Open House Schedule 10/14/17 & 10/15/17

October 13, 2017dillonBlog, Open Houses0

Kristen Fowler Group has 5 different Properties Open this weekend Between Saturday (10/14/2017) & Sunday (10/15/2017). Hopefully you have time to come take a look! Call us direct at 714-693-1180 for all your Real Estate needs.

OPEN HOUSE SATURDAY 10/14/2017′ from 1:00 – 4:00 pm

We're sorry, but we couldn't find MLS # PW17214098 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

OPEN HOUSE SATURDAY 10/14/2017′ from 1:00 – 4:00 pm

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

Additional Details

Lot 2000 sq ft Area 85 - Yorba Linda
HOA Dues 446.00 | Monthly Parking Spaces: 2.00
Pool Description Association,Community Pool,In Ground Stories 2
Subdivision Other (OTHR) Utilities Sewer Connected,Water Connected
View Description Golf Course Water Public

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, Refrigerat
Basement Foundation: Slab
Fireplace Yes
Garage Built-In Storage, Direct Garage Acc, Driveway, Garage, Yes
Heat Central Furnace
Interior Balcony, Built-Ins, Ceiling Fan, Crown Moldings, Granite Counters, 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 #PW17221054)

OPEN HOUSE SATURDAY 10/14/2017′ from 1:00 – 4:00 pm

We're sorry, but we couldn't find MLS # PW17219451 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

OPEN HOUSE SUNDAY 10/15/2017′ from 1:00 – 4:00 pm

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

Features

Air Central
Air Conditioning Yes
Amenities Barbecue, Club House, Dues Paid Monthly, Gym/Ex Room, Horse Trails, Maintenance Grounds, Picnic Area, Playground, Pool, Sauna, Spa, Sport Court, Tennis
Appliances Barbecue, Built In Range, Dishwasher, Garbage Disposal, Gas Range, Microwave, Range/St
Exterior Barbecue Private, Dock Private, Lighting, Rain Gutters
Fireplace Yes
Garage Built-In Storage, Direct Garage Access, Garage, Yes
Heat Central Furnace
Interior Balcony, Built-Ins, Ceiling Fan, Crown Moldings, Granite Counters, Pantry, Pull Down Stairs to Attic, Recessed Lighting, Stone Counters, Wired for Sound, Wood Product Walls
Lot Description Back Yard, Cul-De-Sac
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 #PW17212958)

OPEN HOUSE SUNDAY 10/15/2017′ from 1:00 – 4:00 pm

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.

 

Labor Day Weekend Open House Schedule 09/02 & 09/03

September 1, 2017dillonBlog, Open Houses0

Kristen Fowler Group would like to wish everyone a Happy Labor Day Weekend!! If you’re planning a ‘stay-cation’ come take a look at the Properties we will have Open Saturday (09/02/2017) and Sunday (09/03/2017) between 1:00-4:00 pm. Our family is committed to bringing all our clients exceptional service Thinking of Buying or Selling? Call us direct @ 714-693-1180.

OPEN SATURDAY from 1:00 – 4:00 pm (09/02/2017)

We're sorry, but we couldn't find MLS # PW17182750 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 (09/03/2017)

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.

Weekly Mortgage Update: August 21st, 2017′

August 21, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – AUGUST 21, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (AUGUST 20TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Retail Sales data came in strong for July, with adjustments upward for both May and June. Industrial Production also posted a reasonable increase.
  • Weekly jobless claims posted another very low reading. However, even with what looks like decent economic data, mortgage rates remain almost unchanged. Some of this may have been due to the minutes from the latest meeting of the Federal Reserve.
  • The notes have led analysts to believe that we may not see the start of the trimming of the Fed’s balance sheet until perhaps 2018.
  • Without any threatening inflation concerns, we could even see an increase in the Fed funds rate with a very limited impact on other rates.
  • Additionally, recent political turmoil continues to diminish the chances that any business-friendly legislation will be accomplished soon.
  • Political drama may dominate the news again this week, and with limited economic data due, rates are likely to remain in a very tight range.
  • We’ll also be getting another round of insight into the housing market, and all indications are that we’re continuing with strong sales and increased prices.

REAL ESTATE AGENTS SELL HOMES FOR MORE THAN FSBOS

Saving money is a smart thing to do. If you do it yourself, you can often save money. Real estate agents are sometimes accused of overcharging for their services, but a new study shows that they are worth it. Analyzing 2016 and the first half of 2017 sales, the researchers from Collateral Analytics found that FSBO’s netted 6% less than agent sales. In many cases, the spread was even wider. Factoring in the cost of marketing a home, using an agent is the cheaper way to go.

Open House 08/20/2017′

August 18, 2017dillonBlog0

Attention Potential Home Buyers! Kristen Fowler Group has a BRAND NEW LISTING in East Lake Village! Private backyard pool home with a Bedroom and Bath downstairs. We also have an entertainers dream home Open ‘same day’ this Sunday from 1:00 – 4:00 with countless high end professional upgrades. We hope you can make it out! Call us today for any questions regarding anything in North Orange County from Buying Selling Renting or Leasing we are happy to help. 714-693-1180

OPEN SUNDAY 08/20/2017 from 1:00 – 4:00 pm

We're sorry, but we couldn't find MLS # PW17191117 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

OPEN SUNDAY 08/20/2017 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.

 

 

Weekly Mortgage Update: 8/14/2017′

August 16, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – AUGUST 13, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (AUGUST 13TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • While last week’s decline in interest rates down to 3.90% could have been attributed to the rising tensions in Korea, the real story is probably the continued lack of inflationary pressures.

    Economic data continues to point to a consumer-level inflation rate under the Fed’s target of 2.0%. While this certainly does give the Fed plenty of room to maneuver, it does highlight that the economy just can’t seem to get out of low gear.

  • The market seems to remain pessimistic about the probability of any efforts out of DC that could boost the economy.
  • If infrastructure or tax reform efforts begin to move in the coming weeks, we might actually see rates trending upward. If not, we may keep these low rates for some time.
  • This week is bit heavier on the economic data with both Retail Sales and Industrial Production due. If either, or moreover both, surprise the market with better than 0.5% increases, then rates could begin to notch upward.
  • Of course, if international tensions spike with any significantly concerning activities regarding military action in Korea, then that would also press rates upward.

HOUSING SHORTAGE? NOT IF YOU DON’T WANT TO MOVE

An interesting study from Realtor.com just discovered one of the potential reasons why housing inventory remains tight. It is rather simple – baby boomers are not moving. While they are hitting an age where historically the age group would be looking to relocate or downsize, a significant portion are deciding to “age in place,” in their current homes. Toss in that the tight market also constrains their potential choices, and until we have more homes built, this trend may persist.

 

Weekly Mortgage Update: 08/07/2017

August 8, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – AUGUST 6, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (AUGUST 6TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates seem to have shifted into neutral, as the economy continues to plod along in the same vein as it has for many years.
  • Last week, the monthly employment report revealed another plus-200K story of new jobs created. 
  • Balancing that was decreases in both the ISM indices. While both remain on the “expansive” side of the equation, neither services nor manufacturing are able to significantly accelerate. 
  • With domestic activity appearing constrained, we may get an economic boost from overseas. If some of our trading partners’ economies continue to grow, our exports should pick up. This would result in net increase to our GDP, and ultimately should help improve our economy.
  • Jobs and inflation will be highlighted in economic reports this week, and no significant change is expected.
  • While the improving labor market should be generating some wage-driven inflation, its impact has been negligible in this recovery. Of course, the lack of inflationary pressure, coupled with even modest economic growth, continues to give the Fed plenty of time to ponder each move.

FORGET THE SPOUSE; I’M BUYING FOR THE DOG!

A recent survey from Suntrust Mortgage explored factors that motivated millennials to purchase a home. Historically, marriage and children have been two of the largest factors, but that is changing. The number one reason, with 66% of respondents citing, was “more living space.” Only 25% cited marriage, while 19% cited birth of a child. Ahead of both those influences was 33% who cited needing a better space or a yard for their furry, four-legged friend.

  • Phone

    714-693-1180
  • Email

    KriFowler@aol.com
  • Address

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