The end of January’s Fed announcement was very favorable for mortgage rates. This week’s mixed economic data, Treasury auctions, and news from Europe had little influence. As a result, mortgage rates ended the week lower.

The forecasts from Fed officials for the fed funds rate contained some major surprises for investors. Fed officials now expect that economic conditions will allow the fed funds rate to remain at exceptionally low levels until at least “late 2014″.Prior statements extended the expected time frame only to mid-2013. In addition, comments from Fed Chief Bernanke suggested that Fed officials would like to see stronger economic growth, and they are open to the possibility of additional Fed easing. Many investors think it is likely that the Fed will announce additional MBS purchases at a later meeting. The expectation for a low fed funds rate and the possibility of additional Fed purchases of mortgage-backed securities (MBS) increased demand for MBS, which resulted in higher MBS prices and lower mortgage rates.

The most recent release of Gross Domestic Product (GDP) showed an increase at a 2.8% annual rate during the fourth quarter of 2011, which was a little below the consensus forecast, but up from 1.8% during the third quarter. Early estimates for the first quarter of this year are for a slower growth rate. The long-run average growth rate for the economy is generally considered to be around 3.0%, and the economy usually grows at a faster than average rate following a recession. Given that the economy is growing below its potential and that inflation remains tame, the Fed’s expectation that monetary policy will remain very stimulative for a long time is understandable.

CALL PAM PARTON 760-580-1615     OR                     JOANNA WOOLLEY 760-580-1630

We would love  to help you with your home sale or purchase in North County San Diego, give us  a call at any time so we can help you get the process started!

Content Courtesy of John Yeager, Summit Mortagage

If you’ve been thinking about buying a new home, winter is the time to start getting serious. Here are a few reasons to brave the cooler weather and go on a house hunt:

The winter season has fewer units on the market, and sellers tend to need to move from their property. You can use that to your advantage to get a favorable deal.

Winter has fewer buyers in the market. Looking for a home in the winter can be inconvenient, and people are less likely to move. Families also tend to be on a September to June cycle because they are unwilling to move their children to a new town in the middle of the school year. Fewer buyers means less competition.

Lenders usually have fewer loans to process and less paperwork to deal with. With lenders less hassled, you might be able to  expect a smoother process to get approved for a mortgage.

Finally, as all savvy shoppers know after the holiday season comes the season of bargain opportunities. This includes houses as well!!

So go out and brave the weather, rain or sun and find that home you’ve been looking for. NOW IS THE TIME TO BUY.

For a complete list of all the latest short sales, foreclosures and standard sales call: PAM or JOANNA .

PAM PARTON: 760-580-1615                       JOANNA WOOLLEY: 760-580-1630

Why Real Estate is still AMERICA’S BEST INVESTMENT

The latest headlines tell us the economy fluctuates from recovery to ruin on a weekly basis. In reality, real estate is cyclical, and the market is on its way to recovery in most areas. Although you may feel nervous about home ownership, property is still your best long – term investment.

In more than two thirds of the country, housing affordability has dipped to pre-housing bubble levels, creating opportunities for those looking for a bargain. Home prices are expected to rise in 2013 due to fewer distressed sales and the impending housing shortage.

Mortgage rates have decreased over the last fifty years to record lows. Due to the economic downturn,borrowers with stellar credit and a solid employment history are best able to secure financing right now. However, as conditions improve, the market will expand for borrowers who may not fit the mold of traditonal lending standards, such as the self employed.

A major advantage of homeownership is building equity. The average seller who purchased a home in 2002 gained 24% in equity, while those who purchased their homes 11 to 15 years ago had a median gain of 40%.

So in spite of all the negative news the press is brain washing us with IT IS STILL A GREAT TIME TO BUY A HOME!

For more information on great HOME  DEALS available in North County San Diego give us a call as  we would love to share this information with you.

PAM PARTON:  760-580-1630                             JOANNA WOOLLEY: 760-580-1615

Content courtesy of

Brian Buffini, Wall Street Jouranl and National Association of Realtors.

USDA Rural Housing Loan Program Available For Hidden Meadows

Peaceful Golf Course Views

Now it can be easier than ever to purchase this charming Golf Course home located in the coveted Hidden Meadows Community. 

There is a little known  government loan program called USDA Rural Housing loan program that helps eligible home buyers purchase homes in rural areas with

• NO MONEY DOWN
• NO PRIVATE MORTGAGE INSURANCE REQUIRED
• SELLER CAN PAY UP TO 6% IN CLOSING COSTS

We have recently discovered that this property at 10973 Meadow Glen Way in Hidden Meadows, qualifies for this USDA Rural Housing Loan program.

For more information and to see if you or someone you know might qualify for this very special loan program click here

 If you know of anyone that has thinking about buying a home, but thought that they were not quite ready yet, give us a call, lets talk to see if this would work for them.

Pam Parton & Joanna Woolley
760-580-1615 or 760-580-1630

Gorgeous Custom Valley Center Home

28453 ALMONA WAY, VALLEY CENTER, CA 92082

This gorgeous estate offers the highest quality of upgrades you could wish for.The breath taking kitchen will bring out the chef in most everyone!With stunning custom cabinetry, granite and solid butcher block counters opening to inviting family rm & wet bar.Walnut and Versialles Travertine flooring throughout.Spacious Master Retreat with private balcony for a special romantic evening. This unique property is one not to be missed, it has everything you could ever wish for in a home – truly a work of art.

Dream Chefs Kitchen

30618 FALLING STAR CIRCLE,VALLEY CENTER,C 92082

If you are looking for some peace and tranquility in your life this is the home for you. Located in the community of Valley Center one of the few last unspoilt havens in San Diego County, where you can escape to your very own tranquil paradise.

30618 Falling Star Circle,Valley Center, CA 92082

This gorgeous ranch style home offers all you have been waiting for. Attention to detail and beautifully appointed in every aspect. A welcome and flowing light open floorplan awaits you with an oversized gourmet kitchen which will bring out the chef in anyone. Ample counter and cabinets with spacious center island, large walk in pantry and vaulted ceilings.Large sunny breakfast area with stunning views of near by mountain ranges. Formal dining with large picture window and coffered vaulted ceilings. Huge master wing with luxurious master bath.

French doors lead to private garden patio. While away the summer evenings on your patio while you enjoy the breath taking sunsets. 2.10 premium acres suitable for horses with private entrance. Pride of ownership is apparent throughout this meticulously maintained home. Cat 5 central wiring.Fire Sprinklers throughout home and garage.Room for rv or boat.Large fenced backyard suitable for pool and spa.Dual Zoned Furnace and Air.

Welcome Home to Valley Center………………………

Listing Price: $590,000

Sq Ft: 3154

4 Beds / 3 Baths

2.10 Premium Acres.

FOR MORE INFORMATION ON THIS FABULOUS VALLEY CENTER PROPERTY

CALL JOANNA:  760-580-1630  OR PAM: 760-580-1615

Beautiful Granite Counters & Stainless Steel Appliances

It doesnt get any better than this folks!  Completely and beautifully remodeled with quality materials.  Just REDUCED AND PRICED TO SELL at $390,000!

3 Bedrooms, 2 Baths, 2148 SQ. FT.  All new Stainless Steel Appliances and Granite Counters in Kitchen and Baths, Gorgeous Distressed Hardwood Floors.

  Bathrooms have been restyled with New Traverntine Tiles, New Fixtures, and Lighting.  Enjoy the warmth of 2 Fireplaces, one in the cozy Family Room just off the Kitchen and one in the Master Suite.

Master Bath with Gorgeous Traverntine Tiles and Granite Counters

All this, and one of the most Excellent neighborhoods Escondido has to offer, Hidden Meadows with its unique natural landscape of mountains, hills and boulders, and of course the sporty Executive Golf Course.

This one wont last at this price, come see for yourself and fall in love!

Hidden Meadows Executive Golf Course

Come take a tour of this wonderful home,
 CALL
Pam Parton at 760-580-1615 or Joanna Woolley at 760-580-1630

REDUCED AND PRICED TO SELL!!!

Don’t miss this opportunity to view this charming peaceful country style home. Light & bright with beautiful views of the golf course yet very secluded. Large picture windows with white plantation shutters let in lots of natural light and showcase the unique woodland style backyard. Views are enjoyed on the deck & patio, behind the privacy of nature with the tranquil sounds of your very own babbling brook. The large bonus room has so many different uses – sewing room, game room, exercise room, storage or perhaps even your own man cave. Home Buyers don’t miss your chance to live in a classic hidden meadows beauty! It’s even a STANDARD SALE!
1800 sq ft 3 Bedrooms / 2 Baths
PRICED at $390,000 – $410,000
Call us anytime for more information on this home or other homes for sale in the community.
PAM PARTON 760-580-1615 JOANNA WOOLLEY 760-580-1630

WHY THIS RANCHO BERNARDO HOME, CA LOCATED AT 11690 VIA FIRUL  SHOULD BE ON YOUR LIST!

From the moment you walk through the pretty wrought iron gated secluded entry you feel a sense of peace surround you. This gorgeous newly listed Rancho Bernardo Home has everything a home buyer could need and even more.

11690 Via Firul is filled with light throughout the ground level, the new dual sliding glass doors create a sense of open spacious living and showcase the delightful backyard retreat where you can slip away the summer evenings in your own private paradise. 

Guests or extended family can enjoy their own space on the ground level with a self contained bedroom and bathroom. 3 Spacious Bedrooms on 2nd level.

Beautifully maintained in every aspect, every home buyer should take a moment to view this home they will adore. Close to highly rated award winning schools.

Enjoy the Fabulous Bernardo Community Heights with pool, spa tennis courts, game room and exercise facility.

2309 SQ ft      4 Bedrooms   3 Bathrooms  Quiet Cul de Sac location. Priced at $665,000

For more information on this Beautiful Home please call Pam or Joanna.

PAM PARTON 760-580-1615         JOANNA 760-580-1630

Valley Center Home Owners here are some tips to help you sell your home!

Here are a few tips for you home sellers out there:
 1. Have a pre-sale home inspection. Be proactive by arranging for a pre-sale home inspection. An inspector will be able to give you a good indication of any trouble areas that will stand out to potential buyers, and you’ll be able to make repairs before open houses begin.

2. Organize and clean. Pare down clutter and pack up your least-used items, such as large blenders and other kitchen tools, out-of-season clothes, toys, and exercise equipment. Store items off-site or in boxes neatly arranged in the garage or basement. Clean the windows, carpets, walls, lighting fixtures, and baseboards to make the house shine.

3. Get replacement estimates. Do you have big-ticket items that are worn our or will need to be replaced soon, such your roof or carpeting? Get estimates on how much it would cost to replace them, even if you don’t plan to do it yourself. The figures will help buyers determine if they can afford the home, and will be handy when negotiations begin.

4. Find your warranties. Gather up the warranties, guarantees, and user manuals for the furnace, washer and dryer, dishwasher, and any other items that will remain with the house.

5. Spruce up the curb appeal. Pretend you’re a buyer and stand outside of your home. As you approach the front door, what is your impression of the property? Do the lawn and bushes look neatly manicured? Is the address clearly visible? Are pretty flowers or plants framing the entrance? Is the walkway free from cracks and impediments.

Content courtesy of Realtor. com

IF YOU ARE THINKING OF SELLING YOUR HOME CALL PAM AND JOANNA TO FIND OUT WHAT WE WILL DO TO SELL YOUR HOME.

Pam Parton:  760-580-1615            Joanna Woolley: 760-580-1630