Monday, September 12, 2016


Today's Top Three Luxury Estates in San Diego, Los Angeles, San Francisco and Seattle Just Listed For Sale

                                           .                                 
                                   
                                    "A mansion is a large and stately dwelling"

The word mansion derives through Old French from the Latin word mansio "dwelling", an abstract noun derived from the verb manere "to dwell". The English word "manse" originally defined a property large enough for the parish priest to maintain himself, but a mansion is no longer self-sustaining in this way.  'Manor' comes from the same root—territorial holdings granted to a lord who would remain there—hence it is easy to see how the word 'Mansion' came to have its meaning.  Windsor Castle located in Berkshire, England is the largest mansion in the world with around 484,000 sq.ft.


Today's Top Three Mansions

#1      23512 Malibu Colony Road, Malibu, CA 90265 with 6 bedrooms, 5 baths, and 5,849 sq.ft. is listed for sale at $15,995,000.

23512 Malibu Colony Road, Malibu, CA

Prime Malibu Colony Oceanfront Beach House. Nearly 6, 000 Sq. Ft Of Italian, Modern-Rebuilt Luxury!! Experience The Charm Of One Of The Most Elite And Safe Beach Neighborhoods In The World. Be Front Row For 4th Of July Fireworks And Be A Part Of The Best Halloweens Ever! Relaxing Media Room On A Brand New 90 TV. Enjoy The Office/Art Studio, Living Room, Family Room, 4 Permitted Bedrooms, Plus 2 Additional Bedrooms. A total of 6 Bedrooms, 4 Bathrooms, With A Heated Neorest Toilet Included In The Master. Entertainment Areas Galore! Jacuzzi, Infrared Sauna, Steam Room, Gym, Chefs Kitchen With 2 Dishwashers, Instahot, And A Gorgeous Custom Designed Light-Up Island Buffet! Built In BBQ Grill, Pizza Oven, 3 Oceanview Patios And 2 Mountain View Patios. Amazing Sunsets And Enjoy the Beach With Private Dolphin And Sea Lion Shows Just For You. 3 Parking Spots, Collar Operated Doggie Door And A Faux Grass Side Yard.

23512 Malibu Colony Road, Malibu, CA

23512 Malibu Colony Road, Malibu, CA

23512 Malibu Colony Road, Malibu, CA

23512 Malibu Colony Road, Malibu, CA

23512 Malibu Colony Road, Malibu, CA

23512 Malibu Colony Road, Malibu, CA

23512 Malibu Colony Road, Malibu, CA

23512 Malibu Colony Road, Malibu, CA

23512 Malibu Colony Road, Malibu, CA


#2     806 Rodeo Drive, Beverly Hills, CA 92101 with 11 bedrooms, 13 baths, and 15,000 sq.ft. is listed for sale at $29,995,000.

806 N Rodeo Drive, Beverly Hills, CA

This exquisite was originally owned by Donald Trump. When the current owner rebuilt the estate--which was constructed in the early 1980s--he added 5,000 square feet of living space with no expense spared. The mansion includes an elevator, a spice kitchen--used for food preparation--and a sauna. The seller added a Bose sound system, which runs throughout the entire property.The mansion opens onto a sprawling backyard. It features a swimming pool with fountains, a Carrara marble patio, and a regulation-size sports court--all of which are new. This is an estate with boundless warmth and timeless style. Its perfect for entertaining and comfortable living at it best!

Image result for A Beverly Hills Mansion Once Owned by Donald Trump Lists for Nearly $30 Million


806 N Rodeo Drive, Beverly Hills, CA


806 North Rodeo Drive Image #3

806 N Rodeo Drive, Beverly Hills, CA
806 N Rodeo Drive, Beverly Hills, CA
806 N Rodeo Drive, Beverly Hills, CA
806 N Rodeo Drive, Beverly Hills, CA

806 N Rodeo Drive, Beverly Hills, CA

#3     1627 East Valley Road, Montecito, CA 93108 with 8 bedrooms, 13 baths, and 21,345 sq.ft. is listed for sale at $52,000,000.

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This is a rare opportunity to acquire one of the most grand estates, in the finest location of Montecito. Behind beautiful gates a tree lined driveway leads to this impeccably designed home with views overlooking both the ocean and mountains. The definition of luxury living, no detail has been overlooked. From the awe inspiring Lockwood De Forest Jr. designed gardens and pond, to the highest quality finishes of the interior. The approximate 9.37 acre estate includes the main house, guest house, pool, pool house, tennis court, tennis pavilion, 4-car garage, two 2-car detached garages, rose, flower and organic vegetable gardens, and reflecting pond with fountain.

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Today's Real Estate News
Millennials Will Be Renting For a Lot Longer
Published in Net Income Real Estate

The U.S. housing market continues to move ahead, but a generation of homebuyers is being left behind.

That's the conclusion of an analysis of homeownership by John Burns, a real estate consultant and author who has crunched the numbers in a new report.
Homeownership rates have fallen across all age groups since the housing collapse in 2009, but the biggest drop has been among the millennial generation.

Burns predicts the homeownership rate will continue to fall through 2025. Which means that millennials will be renting for a lot longer than their parents' generation did.
In 2004, when the overall homeownership rate peaked at just under 70 percent for all age groups, those born in the 1970s were 25–34 years old, moving out on their own and forming new households.

With mortgages easy to get, almost 50 percent of that age group owned their home. That's 5 percent higherthan the average rate since 1981, according to Burns' analysis.
Today, with mortgages harder to get and memories of the housing bust fresh in buyers' minds, the homeownership rate among 25–34-year-olds has fallen to just 39 percent.

A decade after the peak, that 1970s generation, now 35–44 years old, has also seen its grip on homeownership eroded by the housing bust. Its current 59 percent homeownership is 7 percent below the norm for that age group, and the lowest rate for 35–44-year-olds since the data became reliable in the early 1980s, Burns said.

Though the home sales are still rising, they're still far from the early 2000s boom. Looking ahead, Burns doesn't see homeownership rates moving back to those pre-bust levels.
Based on his estimates, the overall homeownership rate will fall to just 60.8 percent by 2025, the lowest since the mid-1950s.

That forecast assumes roughly 15.9 million people born after 1960 will become homeowners and some 10.6 million older homeowners from earlier generations will pass away or no longer own their homes. That works out to a net gain of 5.2 million more homeowners by the middle of the next decade.








Today's Top Three San Diego Luxury Estates
sandiegorealestateflashreport.com.

Image result for san diego skyline art

The median home value in San Diego County is $513,600 and is up 5.4% over the past year.  Zillow predicts it will rise 1.7% within the next year. 

The median home value in La Jolla is $1,665,500  and is up 6.1% over the past year.Zillow predicts it will rise 1.8% within the next year. 

The median home value in Rancho Santa Fe is $2,736,700 and is up 1.3% over the past year. Zillow predicts it will rise 1.6% within the next year.


#1      1142 La Jolla Rancho Road, La Jolla, CA 92037 with 5 bedrooms, 6 baths, and 5,993 sq.ft. is listed for sale at $4,290,000.

1142 La Jolla Rancho Rd, La Jolla, CA 92037

Magnificent ocean views surround this elegant 5 bed, 5.5 bath California coastal residence. Featuring a master retreat on its own private level, endless options for outdoor sunset view living, designated gym, office, and countless dream sized seasonal closets and storage areas. Easily accommodate the most elegant of gatherings, or simply kick back in the expansive play room which spills out to the outdoor fireplace and pool area. This estate offers an unmatched combination of lifestyle, views, and value.

1142 La Jolla Rancho Rd, La Jolla, CA 92037


1142 La Jolla Rancho Rd, La Jolla, CA 92037

1142 La Jolla Rancho Rd, La Jolla, CA 92037

1142 La Jolla Rancho Rd, La Jolla, CA 92037

1142 La Jolla Rancho Rd, La Jolla, CA 92037

1142 La Jolla Rancho Rd, La Jolla, CA 92037

#2      624 Marvista Drive, Solona Beach, CA 92075 with 4 bedrooms, 4 baths and 3,501 sq.ft. is listed for sale at $3,478,000.

624 Marvista Dr, Solana Beach, CA 92075

Quality finishes and sophistication shown thru out this contemporary modern showpiece. Open floor plan offers sweeping ocean views from both the main living area and upstairs bedrooms. Expansive patio and upstairs deck is perfect for outdoor entertaining. Great room opens with floor-to-ceiling sliding glass doors. A quiet location and close to the Cedros Design District, train station, restaurants, shopping and beaches. You"ll definitely want to see this gorgeous estate.

624 Marvista Dr, Solana Beach, CA 92075

624 Marvista Dr, Solana Beach, CA 92075

624 Marvista Dr, Solana Beach, CA 92075

624 Marvista Dr, Solana Beach, CA 92075

#3       484 Prospect Street, La Jolla, CA 92037 with 11 bedrooms, 12 baths, and 
16,683 sq.ft. is listed for sale at $11,995,000.

484 Prospect St, La Jolla, CA 92037

The premier in-village living experience in La Jolla, if not all of Southern California! Comfortable opulence can be yours at this exceedingly private and luxurious villa which features 7 bedroom suites and 4+ additional guest rooms or offices, multiple entertaining areas and balconies, as well as phenomenal ocean views, all within a short stroll of La Jolla's world class dining/entertainment, The Bishop's School and famous La Jolla Cove

484 Prospect St, La Jolla, CA 92037

484 Prospect Photo 8

484 Prospect Photo 7

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484 Prospect St, La Jolla, CA 92037

484 Prospect St, La Jolla, CA 92037

Today's Top Three San Francisco Luxury Estates
sanfranciscorealestateupdates.com

The median home value in San Francisco is $1,106,400 and is up 1.3% over the past year. Zillow predicts it will go down - 0.4% within the year.

The median home value in Sausilito  is $1,204,600 and is up 8.3% over the past year. Zillow predicts it will rise .5%  this year. 

The medium home value in Tiburon is $2,350,300 and is up 3.7% over the past year. Zillow predicts it will rise 0.2% this year .


 The median home value in Saratoga is $2,343,100. Saratoga home values have gone up 2.1% over the past year and Zillow predicts they will go down (0.5)% within the next year.


#1      1100 Union #500, San Francisco-Russian Hill, CA 94109 with 2 bedrooms, 
3 baths, and 2,490 sq.ft. is listed for sale at $3,785,000

1100 Union St Unit 500, San Francisco, CA 94109

Located in the exclusive La Mirada Cooperative on Russian Hill this newly transformed residence has been extensively renovated offering a sophisticated look with elegant finishes. The half floor spacious residence offers an excellent floor plan for entertaining, spectacular North Bay views, elevator, 24-hr. doorman with in-house valet parking and add'l storage. The transitional style has retained the character of this 1929 era with period details blended with a current and contemporary look. Features include: A large living room w/fireplace, formal dining room, deluxe chef's kitchen, breakfast area/home office, pantry, two En-suite bedrooms plus 2 half-baths, generous closets and a laundry room. Enjoy the great walking neighborhood.

1100 Union St Unit 500, San Francisco, CA 94109

1100 Union St Unit 500, San Francisco, CA 94109

1100 Union St Unit 500, San Francisco, CA 94109

1100 Union St Unit 500, San Francisco, CA 94109

1100 Union St Unit 500, San Francisco, CA 94109

1100 Union St Unit 500, San Francisco, CA 94109



















#2      25 Rico Way, San Francisco-Marina, CA 94123 with 3 bedrooms, 4 baths, and 3,361 sq.ft. is listed for sale at $4,998,000.

25 Rico Way, San Francisco, CA 94123


Unique in so many ways, 25 Rico was completed as new construction in 2003 resulting in an adult, sophisticated home as exciting for entertaining as it is soothing after a long day. Main level enjoys 11' ceilings and an open living-kitchen-dining space centered on a professional chef's own kitchen. Concrete flrs, white ash cabinetry and limestone provide an aesthetic grounded in nature. 3rd level 2 BR suites (one as ofc) with glimpses of GG Bridge from inside the master; lndry. Roof deck w/ 360 views - GGB, Bay, Alcatraz, Rus.Hill, Pac Hts, Palace. 1st level guest suite opens to garden/patio. 5 outdoor spaces enjoy mature landscaping and dramatic night lighting. Elevator, solar, water filtration, radiant heat and more. 2car sbs garage. Totally cool

25 Rico Way, San Francisco, CA 94123

25 Rico Way, San Francisco, CA 94123

25 Rico Way, San Francisco, CA 94123

25 Rico Way, San Francisco, CA 94123

25 Rico Way, San Francisco, CA 94123

25 Rico Way, San Francisco, CA 94123

#3      25 Bond Lane, Tiburon, CA 94920 with 4 bedrooms, 3 baths, and 3,901 sq.ft. is listed for sale at $4,100,000.

25 Bond Ln, Tiburon, CA 94920


Compass' first Marin listing! The best house in Tiburon! Bond. 25 Bond. For your eyes only. This entrancing beauty will blow you away with its resortlike backyard and huge lawn overlooking Mt. Tam. It is rare to have a flat lawn, sun and views so close to San Francisco. Enter down a private gate, there is over 1 acre here. The top floor is the master suite with space galore. You are licensed to cook away in the kitchen and open family room

25 Bond Ln, Tiburon, CA 94920

25 Bond Ln, Tiburon, CA 94920

25 Bond Ln, Tiburon, CA 94920

25 Bond Ln, Tiburon, CA 94920

25 Bond Ln, Tiburon, CA 94920

25 Bond Ln, Tiburon, CA 94920


Today's Top Three LA Luxury Estates
larealestateupdates.blogspot.com




The median home value in Los Angeles County is $532,000 and has gone up 6.7% over the past year.  Zillow predicts they will rise 1.1% within the next year. 

The median home value in Malibu is $2,541,200 and has gone up 1.6% over the past year. Zillow predicts they will go down -0.3% within the next year.

The median home value in Beverly Hills is $3,027,200 and has gone up 6.3% over the past year. Zillow predicts they will rise 0.7% within the next year.

The median home value in Bel Air is $3,137,700 and has gone up 5.1% over the past year. Zillow predicts they will rise 0.5% within the next year.


#1     1714 Stone Canyon Road, Bel Air, CA 90077 with 8 bedrooms, 12 baths, and 17,415 sq.ft. is listed for sale at $15,900,000 

1714 Stone Canyon Rd, Los Angeles, CA 90077

On a prime Bel-Air lot of nearly 4 acres, this classically-inspired 8BD/12BA property impressively features a grand entrance foyer with 30ft ceilings, elevator, versatile home theater room and a detached 2 bedroom, two-story guest house. Exquisite and tasteful finishes throughout include detail crown moldings, imported marble, fine hardwood floors, Corinthian columns, and rare stones in the bathrooms and counter tops, amongst others. The main floor features spacious formal living and dining rooms with fireplaces, kitchen and breakfast room with butler's pantry, game/billiards room, and gorgeous library. Up a sprawling staircase, the upstairs is home to the master suite boasting his/hers closets and baths as well as a weather control winter closet, terraces affording reservoir views, plus 3 addl en suite bedrooms. Lower level features a custom banya with indoor lap pool/spa, full-size sauna, and a massive steam room with a custom marble table for body treatments. Incredibly unique!

1714 Stone Canyon Rd, Los Angeles, CA 90077

1714 Stone Canyon Rd, Los Angeles, CA 90077

1714 Stone Canyon Rd, Los Angeles, CA 90077

1714 Stone Canyon Rd, Los Angeles, CA 90077

1714 Stone Canyon Rd, Los Angeles, CA 90077

1714 Stone Canyon Rd, Los Angeles, CA 90077

1714 Stone Canyon Rd, Los Angeles, CA 90077

#2      8 Oakmont Drive, Brentwood, California 90049 with 8 bedrooms, 12 baths, and 9,526 sq,ft, is listed for sale at $10,950,000.


This breathtaking contemporary is nestled behind a gated entry in sought after Brentwood. The unbeatable location on prestigious Oakmont Dr. provides incredible privacy and is inarguably one of the most exclusive residential streets in the city. This 8bd, 12ba home will appeal to the most discerning buyers. Entertain with ease in the formal living room and grand-scale family room that seamlessly opens to the sunny breakfast area and expansive deck. Step into the gourmet kitchen and feel like a top chef with high-end appliances and a large center island. Upstairs find 4 generously sized ensuite bdrms. Let the world melt away in the majestic master wing with luxurious dual bathrooms, walk-in dressing rooms & more! The lower level entertaining space is imaginative and inspired with a wine cellar, sauna, bar, and 3 additional bdrms. Enjoy this private oasis complete with a sparkling pool & spa, beautiful outdoor seating areas and 8 car garage! This spectacular home makes a lasting impression!









#3      27551 Pacific Coast Highway, Malibu, CA 92065 with 9 bedrooms, 11 baths, and 10,000 sq.ft. is listed for sale at $11,950,000

27551 Pacific Coast Hwy, Malibu, CA 90265

Gorgeous 1906 Craftsman with over 4260 sq.ft. (does not include finished 3rd story) restored and remodeled to perfection. Beautiful chefs kitchen, top of the line appliances and casual dining area. Entertaining sized living and dining rooms all opening out to an expansive deck with sweeping lake, mountain and Mt. Rainier views. Enjoy these same views from most rooms. 5 large bedrooms, high ceilings, exquisite millwork, hardwood floors and much more. 2 car gar. Short walk to lake, parks and schools

27551 Pacific Coast Hwy, Malibu, CA 90265

27551 Pacific Coast Hwy, Malibu, CA 90265

27551 Pacific Coast Hwy, Malibu, CA 90265

27551 Pacific Coast Hwy, Malibu, CA 90265

27551 Pacific Coast Hwy, Malibu, CA 90265

27551 Pacific Coast Hwy, Malibu, CA 90265

27551 Pacific Coast Hwy, Malibu, CA 90265

Today Top Three Seattle Luxury Estates
seattleluxuryrealestateupdates.com

The median home value in Kirkland is $571,000. Kirkland home values have gone up 14.5% over the past year and Zillow predicts they will rise 6.7% within the next year. 

The median home value in Seattle is $588,000. Seattle home values have gone up 15.7% over the past year and Zillow predicts they will rise 6.9% within the next year. 

The median home value in Bellevue is $723,400. Bellevue home values have gone up 13.2% over the past year and Zillow predicts they will rise 5.8% within the next year. 

The median home value in Mercer Island is $1,236,700. Mercer Island home values have gone up 12.6% over the past year and Zillow predicts they will rise 6.5% within the next year.

The median home value in Clyde Hill is $2,178,600. Clyde Hill home values have gone up 9.6% over the past year and Zillow predicts they will rise 5.2% within the next year. 

The median home value in Medina is $2,354,100. Medina home values have gone up 11.0% over the past year and Zillow predicts they will rise 5.0% within the next year.

#1     3054 East Laurelhurst Drive N, Laurlehurst/University District, Seattle, WA 98105 with 5 bedrooms, 6 baths, and 7,693 sq.ft. is listed for sale at $14,880,000.

3054 E Laurelhurst Dr NE, Seattle, WA

One of Laurelhursts most notable waterfront estates, this landmark home is prominently sited on a shy acre with 175 of Lake Washington waterfront. Originally designed by noted architect Arthur Loveless for a prominent Seattle family in search of the perfect place to build a legendary homestead. Expansive views of the lake and The Cascade Mountains this signature residence has been lovingly restored by the present owner while preserving the period architectural integrity of the original estate.


3054 E Laurelhurst Dr Ne, Seattle, WA 98105


3054 E Laurelhurst Dr Ne, Seattle, WA 98105


3054 E Laurelhurst Dr Ne, Seattle, WA 98105


3054 E Laurelhurst Dr Ne, Seattle, WA 98105


3054 E Laurelhurst Dr Ne, Seattle, WA 98105


3054 E Laurelhurst Dr Ne, Seattle, WA 98105

3054 E Laurelhurst Dr Ne, Seattle, WA 98105

#2      2025 Rose Point Lane, Kirkland, WA 98033 with 5 bedrooms, 5 baths, and 5,330 sq.ft. is listed for sale at $4,395,000.

2025 Rose Point Lane, Kirkland, WA

Location, Location, Location. The best spot in all of Kirkland. 95 feet of breathtaking frontage with magnificent bowed windows that showcase panoramic views of the lake and Seattle. Quality LEED Platinum construction. West of Market. 5330 Sq Ft with 5 bedrooms and baths. ADU with private entrance & Lake views. First class oversized dock (25,000 and 10,000 pound boat lifts), stunning waterside yard. It doesn't get much better than this!

2025 Rose Point Lane, Kirkland, WA

2025 Rose Point Lane, Kirkland, WA

2025 Rose Point Lane, Kirkland, WA

2025 Rose Point Lane, Kirkland, WA

2025 Rose Point Lane, Kirkland, WA

2025 Rose Point Lane, Kirkland, WA

2025 Rose Point Lane, Kirkland, WA

#3       1726 Evergreen Place, Seattle-Capital Hill, WA 98122 with 5 bedrooms, 4 baths, and 4,260 sq.ft. is listed for sale at $3,150,000.

1726 Evergreen Pl, Seattle, WA 98122

Gorgeous 1906 Craftsman with over 4260 sq.ft. (does not include finished 3rd story) restored and remodeled to perfection. Beautiful chefs kitchen, top of the line appliances and casual dining area. Entertaining sized living and dining rooms all opening out to an expansive deck with sweeping lake, mountain and Mt. Rainier views. Enjoy these same views from most rooms. 5 large bedrooms, high ceilings, exquisite millwork, hardwood floors and much more. 2 car gar. Short walk to lake, parks and schools

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

Today's Mortgage Rates

  • 30YR
    3.46%
    (+0.06)
  • 15YR
    2.80%
    (+0.05)
  • FHA
    3.25%
    (+0.03)
  • Jumbo
    3.60%
    (+0.08)
  • 5/1ARM
    2.90%
    (+0.05)













Mortgage Rates Spike to 2-Month Highs
Mortgage Rates continued sharply higher today, as financial markets quickly adjust their outlook for global monetary policy (the rate-setting and asset purchases among central banks like the Fed).  The move began with yesterday's announcement and press conference from the European Central Bank (ECB).  If you remember the analogy of the Federal Reserve "taking away the punchbowl"--an allusion to accommodative monetary policy--the ECB essentially passed on the opportunity to reassure markets about the availability of its own punchbowl.

Long story short, central banks have been juicing financial markets with low interest rates and free money in the form of asset purchases (e.g. "QE" in the US).  Financial markets are having a tantrum because they see yesterday as the first clue that the ECB might get more stingy with its allowance.  That had a direct effect on bond markets around the world, which in turn influences mortgage rates.

Many borrowers will see quotes on conventional 30yr fixed  loans move up an eighth of a point today, or from 3.375% to 3.5% on average.  Just as many will see the same rate they would have seen yesterday, but with noticeably higher closing costs (or lower lender credit, as the case may be).

This is the biggest threat we've seen to the low, narrow rate range of the past 2 months.  The only safe bet here is to plan for rates to continue to move higher until and unless they prove they can do otherwise.

Loan Originator Perspectives


Interest rates, for the first time in a while, are threatened with a potential major leg up and shift in momentum.  Based on the last week of trading, I would say locking today is a losers bet.  Although I have been locking almost all my loans with a 3-4 week closing horizon, I am not locking into today's selling, unless the rate has not been affected by today's move (surprisingly this is the case on many loans today).  Otherwise, I am waiting to see how this really pans out into next week.  Loans with at least 45 days to close have plenty of time to play the game.  Enjoy the weekend!  -Gus Floropoulos, VP, The Federal Savings Bank

Bonds (and stocks) lost significant ground today, and yields rose to their highest levels since June's Brexit vote.  My pipeline is 100% locked, and that's good, as the trend is not our friend.  This may end up being a head fake, with markets settling down next week, but I wouldn't plan on that.  I'll advise borrowers to lock early in the process, unless they have a large appetite for risk and can qualify without relying on current rates.  -Ted Rood, Senior Originator

Today's Best-Execution Rates
  • 30YR FIXED - 3.375 - 3.5%
  • FHA/VA - 3.0 - 3.25%
  • 15 YEAR FIXED - 2.75%
  • 5 YEAR ARMS -  2.75 - 3.25% depending on the lender

Ongoing Lock/Float Considerations

  • In the biggest of pictures, "global growth concerns" remain the driving force behind the long-term trend toward lower rates
  • Amid that trend, periodic corrections toward higher rates can and will happen.  These can happen for no apparent reason, or they can be brought on by changes in expectations surrounding central bank policy at home and abroad, as well as geopolitical and systemic risks

  • Time horizon and risk tolerance are 2 variables to consider when it comes to locking.  If you have plenty of time and don't mind losing some ground, set a limit as to how much higher rates could go before you'd lock to avoid further losses, and then float in the hopes of never seeing that limit.
     
  • In the shorter-term, it's always good to look for lock opportunities after rates have been moving lower or sideways repeatedly, especially if they've since begun to move back up in any sort of consistent way.
     
  • As always, please keep in mind that the rates discussed generally refer to what we've termed 'best-execution(that is, the most frequently quoted, conforming, conventional 30yr fixed rate for top tier borrowers, based not only on the outright price, but also 'bang-for-the-buck.'  Generally speaking, our best-execution rate tends to connote no origination or discount points--though this can vary--and tends to predict Freddie Mac's weekly survey with high accuracy.  It's safe to assume that our best-ex rate is the more timely and accurate of the two due to Freddie's once-a-week polling method). 

Thanks for reading today's Blog. Looking for more information? Have a comment? Call or email me.

Sincerely,


Tom Furino

email:                 tomstopmansions@gmail.com   
phone/text        619-944-8749