Tuesday, February 21, 2017

Home Loan Rates Today February 21st of 2017

I was going to blog about the articles I keep reading that we will be at 5.5% interest rates by 2019 for home loans. But, received this from one of my lenders so figured I'd share current info along with the knowledge that they are definitely going UP! And, a reminder that we have had rates below 5% for only 83 months in the last 50 years...yes in FIFTY years!

  • 30-year fixed conventional loan - 4.250% (4.311 APR). Loan amounts up to $424,100.00 = $2086.32 (This rate is .125% lower with 25% or more down!)
  • 15-year fixed conventional loan - 3.500% (3.606 APR). Loan amounts up to $424,100.00 = $3031.82 (This rate is .125% lower with 25% or more down!)
  • 5/1 ARM - Fixed for 5 years and then becomes variable - 3.625% -  (3.735 APR) Loan amounts up to $424,100.00 = $1934.11
  • 7/1 ARM - Fixed for 7 years and then becomes variable - 3.750% - (3.861 APR) Loan amounts up to $424,100.00 = $1964.07
  • 10/1 ARM - Fixed for 10 years and then becomes variable - 4.000% - (3.986 APR) Loan amounts up to $424,100.00 = $1994.28
  • 30-year fixed FHA loan - 3.750% (4.797 APR). Loan amounts up to $424,100.00 = 1998.44 + $305.66 PMI = $2304.10
  • 30-year fixed VA loan - 3.750% (3.989 APR). Loan amounts up to $424,100.00 = $1964.07
  • 30-year fixed Jumbo loan - 4.375% (4.388 APR). Loan amounts up to $3,000,000.00 = $14,978.56

Friday, February 17, 2017

Just When I Finally Re-Painted My Home....Well, Most of It Anyways!

I loved my sage green when I bought my current home almost 6 years ago. Just finally got very sick of it last year and painted to the greige color that was all the rage. I absolutely love it. Painted in the main living areas and hall, including the hall bathroom.

Did not, however, paint the bedrooms and master bath. The plan was to change out the carpet in those rooms and paint at that time.

In my last home I had a red wall in guest bathroom & a couple purple, well more lilac really, in the master bed and bath. I still have purple towels from that color combo.

So, much to my joy, I read the Houzz article about 2017 top colors!

And, likely, much to my husbands chagrin....we shall be picking carpet and paint colors this year!

Tuesday, February 14, 2017

Santa Clarita Valley Home Sales February 14, 2017

Happy Valentine's Day Blog Readers!

Just a quickie to keep you informed about home sales activity.

Acton to the East, Newhall to the South, Stevenson Ranch/Westridge to the West, and Castaic to the North. All communities in between that I search when people say they are interested in Santa Clarita Valley!

Currently we have 472 homes active for sale.
We have 516 under contract, aka, in escrow.
Sold in the last 30 days amounts to 221.

I'm working on getting new listings. I'm working with 7 buyers. I'm working on helping people in & out of homes.

If you have further questions about Southern California Housing Market, just pop me an e-mail ~ Lauren@KeepYourWitz.com, I'll help in any way I can!

Tuesday, February 7, 2017

Buyers Are Out There Looking

I've got several buyers right now. All looking for the perfect home. All reasonable in their home search. Alllllllll ready to buy.

I look back year over year, particularly the last few, and I am reminded that January/February are always like this. I've got buyers but not enough sellers.

Buyers troll the internet, I troll the MLS, bother my associates for upcoming listings, some even check sites for the 'coming soon' that are posted, and I call the agent noted. Had some success with this one last weekend....well sorta.....property was yucky!

Some even troll the streets, well actually a lot do, to see signs up that aren't on the internet anywhere....and I call the agent to see how fast we can get in.

So, instead of all this buyer action trolling for homes, how about a few of my seller readers jump the Spring gun and lets get you on the market....now!

Friday, February 3, 2017

Ugh, How Do I Not Talk Politics?

I get news feed about Real Estate every day. From many different sites, so I don't miss anything. Local news, national news, mortgage news, anything about Real Estate I can get my hands on.

I'm so tired of politics filling those news feeds! And, I don't discuss my political opinions with anyone publicly. Nope, no way, no how.

But, I will say uh huh, yep, I hear ya....over & over again....if someone I'm with starts talking politics and then I'll change the subject...even if I have to say......'Squirrel!'


Topic of this post? I have no idea how the new president is truly going to affect housing. And, neither do you.

I'd expect a continued normalization of our local market....I'd expect. I expect our interest rates will creep up a bit more this year.....yep, I expect. I expect our inventory to climb again in the next couple of months. I expect to continue to close about 300 homes per month in little Santa Clarita Valley. I expect these things will happen based upon my 15 years experience and what I've been watching for those same last 15 years in the housing market.

But, I don't know for sure. And, unfortunately, neither do you.

You want to sell your home? Let's sell it. You want to buy a home? Let's buy one. You want to 'play' the Real Estate market? Go right ahead. I'll help you with that too. But I won't determine when the time is right for you on any of these scenarios. Only you can do that, yep, only you. You decide if politics is going to help you decide that as well.

Tuesday, January 31, 2017

One Stop Shop

Eeeck, Refin is now getting into the mortgage business.

Okay, they list for less, offer discounts if you choose one of their buyers agents to help you. Now, they are going into online mortgage biz as well.

I've seen discount brokers come and go. I've worked with a few, well, maybe only one, Redfin buyers agent referral....and she truly wasn't very good. When her buyers went to sell their house a couple years later....they chose a different agent to list their home...and not with Redfin.

So, now they are going into mortgage.

I have clients that love the Redfin search engine site. But, funny, they are listing and buying with me!

I just don't believe in giving up my hard earned money right up front. It gives me no wiggle room to help those that really, truly, need the help later in escrow. Zero wiggle room. And, quite honestly, as we say....how the hell are these people going to work hard for you if they are willing to give up .....their personal income.....right up front?

Ugh, yes, it's a tad of an annoying subject matter.

So, back on the new item they are adding......do you really think the mortgage lender is going to be working hard for you either? If they are giving up income....are they getting it another way? Like bumping up your interest rate to make it on the back-end? Hmmmmm????

I'm sorry, I'm a firm believer in trusting what is known. Work with a Realtor that you've found to be trustworthy, one that your friends/family/co-workers, have found to be hardworking and honest. Am I the only one?

And, arranging a 1/4 million, 1/2 million, 1 million.....THIRTY YEAR mortgage with an unknown?

Sheesh. I'm not for that, not at all.

You let me know what you think.....about this fishy idea!

Tuesday, January 24, 2017

"Why Do You Want To Be A Realtor?"

Met a nice young woman, well saw her after it'd been a really long time, last night. I was introduced back to her and she said she's getting into Real Estate.

I was impressed with her kindness, courteousness, intelligence at knowing to study enough & pass the exam on the first try. She did tell me she had friends that have taken it over a dozen times and still failed. I told her to tell them forget about Real Estate as a career!

So, we chatted for a bit, I couldn't recall what her current job was. A well paying, yet somewhat seasonal career. Time off that she used to get paid during, no longer being paid.

I asked her why she wanted to 'get into Real Estate'? She said she had a good friend that would do lots of big paying deals. Figured she'd do them when she had her down time from current job.

Hmmmmm, I was totally turned off after that. Completely.

We go through this all the time, new agents coming on, doing 'deals' for their friends, then going back to their regular job.

When I was first licensed in 2002, I was working 4 days a week managing a dental office. I'd talk to people on the way to the office, at my morning, lunch, afternoon breaks, and again on the way back home. I'd work with Real Estate clients on my Wednesday/Saturday/Sunday's off and any evening they wanted me!

But, I've always been in a career that helped people. When I first started heading towards Real Estate, it was to help the Dentist I was working with to revamp his practice. And, then it became a way to help other people.

Not going to say the income provided isn't a big benefit, but, I still enjoy the original reason I started....to help....to assist people in one of the most emotional decisions of their lives.

There are parts of my 'job' that are grueling, definitely, yet the smiles for keys to buyers & proceeds received by sellers.....the most satisfying....ever!

Anywhohow, while I started P/T, the reason I 'got into Real Estate' is the reason I still am a Realtor....to help people.

I'm here for you, full-time, for your needs...always.