February 2016

There are 33 blog entries for February 2016.

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FIRST TEAM’S WEEKLY MORTGAGE WATCH (FEBRUARY 28TH, 2016) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Economically speaking, the US is mostly doing alright. It's neither spectacular nor dire.
  • Last week, mortgage rates moved slightly downward on mixed economic news. GDP was expected to be revised lower, but was adjusted to a meager 1.0%.
  • PCE Prices moved higher than expected, but Consumer Confidence lost some ground.
  • Existing Home Sales managed to eke out a small increase, but New Home Sales moved lower.
  • Almost all experts are in agreement now that the Fed will stand pat on interest rates at its next meeting. All thing considered, there is a good likelihood that mortgage rates will bounce up and down for a

Orange County events this March 2016. Take a look and start filling up your empty weekends with spring fun! From Easter egg hunts to Orange County Restaurant Week and Firkfest Beer Festival, there's something for everyone to enjoy.

For more ideas and fun things in the SoCal area, check out events in Los Angeles and the Inland Empire as well.

Odysseo by Cavalia

Now – March 13th
Shows Wednesday through Sunday
cavalia.net

Events in Orange County, March 2016

Known as the world's largest touring production, Odysseo marries the equestrian arts, stage arts and high-tech theatrical effects at never-before-seen levels. This larger-than-life show sends hearts racing, but it is also a feast for the eyes that succeeds in delivering the spectacular with soul. 

Musink

Friday, March

Grab your real estate agent and your property wish list and head out to open houses this weekend in Orange County. Missing the agent? No worries, you can find out any one of these open houses. 

View all First Team Orange County Open Houses

Make the most of your home search this weekend by teaming up with a real estate agent. Search for an agent on our site or reach out and we’ll match you up with an agent today to be house hunting with you tomorrow.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

HOME BUYER TIP: There are a lot of moving parts in the home buying process which means it's easy for things to fall through the cracks. Work with a real estate agent so things don't get messy for you during negotiations and all

Start searching for your new home now at open houses in Los Angeles County this weekend. First Team agents are waiting to help you this Saturday and Sunday!

View all Los Angeles County Open Houses

If you’re going shopping for a home this weekend, the smartest plan is to have an agent by your side. An agent can help you act fast when you find the perfect home and answer all of your burning home buying questions. If you have questions before you head out to see homes or would like to team up with an agent, find a First Team agent online or reach out and we’ll match you with a top agent near you.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

HOME BUYER TIP: If you're just starting the home buying process, here are three

Mortgage rates have fallen and aren't on the upward trajectory quite yet. That means now is the perfect time to find a home that's right fit for you at an open house this weekend in Riverside and San Bernardino Counties. Buying now could save you a bundle on monthly mortgage payments, so start shopping!

RIVERSIDE COUNTY

View all Riverside County Open Houses

SAN BERNARDINO COUNTY

View all San Bernardino County Open Houses

If you have any questions about open houses, the real estate process or your local market just ask a real estate agent. It’s literally their job to help you find a house and some happiness at home. Find an agent online near you or contact us and we’ll match you with an agent in your area.

Email us at

There's no doubt about it, the better your credit habits and your credit score, the better interest rate you'll secure on a mortgage loan. Play around with our mortgage calculator and you'll see that even fractions of a point can have your monthly payments jumping up hundreds of dollars. Also, the more solid your credit rating, the more quickly you’ll be able to achieve any number of financial goals.

So on your journey toward homeownership or simply winning at adulthood, here are four seemingly innocent mistakes to avoid.

1. Budgeting for Minimum Payments

Counterintuitive as it may seem, it makes little sense, from a long-term perspective, to make smaller credit card payments and set aside larger amounts of money. (Making smaller credit card

If you're ready to start working toward your dream home, you need to do plenty of research ahead of time to ensure that you are getting the best value for your money. Talking with a real estate agent prior to making a purchase is always a great first step toward the process of making an offer and negotiating with various sellers.

What else should be on your house hunting to-do list? Here's where your work should begin. 

Investigate Loan Qualifications

When you are sure that you are ready to move into a home, it is always a good idea to make sure that you qualify for a mortgage. If this is your first home, FHA or USDA loans may help you afford your down payment and provide money to upgrade your property. The first step is to get pre-qualified,

Save the DIY routine for your bath soaps and birthday presents. When it comes to real estate, you shouldn’t chance it without a professional. Buying or selling a home is a colossal investment, and mistakes can end up costing you thousands of dollars.

Let's go over just 6 instances when buying or selling a house without the assistance of a professional could turn into a very messy mistake.

Never Ending Negotiations

While many people think they are good at negotiating due to saving a couple thousand dollars off of the sticker price of a car, this is not really the case. For a huge investment like a home, it’s best to leave it in the hands of a real estate professional that has the experience of bullishly negotiating for the best price possible.

 Weekly Mortgage Watch - February 21 2016

Click to download the PDF

First Team’s Weekly Mortgage Watch (February 21st, 2016) this week highlights the following updates:

  • Mortgage rates flattened out last week, with the Fed revealing little along with some marginally positive economic news. 
  • The minutes from the last meeting of the Federal Reserve left many analysts disappointed, with little clarity to any change in the Fed’s plans. It appears, at best, that the Fed might slow down the pace of its rate increases.
  • Industrial Production surprised markets with a larger-than-expected increase of 0.9%. Additionally, the manufacturing component posted a 0.5% increase.
  • The core CPI also turned a few heads this week, posting a 0.3%, putting its annualized rate at 2.2%. This week

Did you know you could save $372.40 each month on your mortgage if you buy now vs. 2017? Start searching for your dream house this weekend at open houses in Orange County. Now's the perfect time to find the right property!

View all First Team Orange County Open Houses

Make the most of your home search this weekend by teaming up with a real estate agent. Search for an agent on our site or reach out and we’ll match you up with an agent today to be house hunting with you tomorrow.

Email us at clientservices@firstteam.com

Call us at 888-870-1142

HOME BUYER TIP: Don't end up spending $186.20 more each month for every $250,000 you borrow. That's what could happen if you wait to buy until 2017. Check out the full scenario in our post from this