Saturday, September 24, 2016

Today's Top Three Luxury Estates in San Diego, Los Angeles, San Francisco and Seattle 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      3000 Benedict Canyon Drive, Beverly Hills, CA 90210 with 5 bedrooms, 
8 baths, and 10,000 sq.ft. is listed for sale at $25,000,000.

Impeccable New modern masterpiece situated on 3.2 acres- a very Secluded and Private cul-de-sac. This exquisite 10,000+ Sq Ft Estate features 5 Bedrooms, 6 full Baths, 2 half Baths, Theater, and a Private Guest Suite/Maids Quarters with its own private entrance. This work of art provides the ultimate luxury resort feel with sublime City and Canyon views, water features, atrium, and fabulous entertaining areas. Throughout the interior, the glass walls set the tone of elegance and function. The home is custom designed throughout including lighting, high ceilings, cabinets, oak flooring and a most remarkable chef's kitchen with two built-in smokeless hibachi grills and top of the line appliances. Automated smart home technology controls the entire home. Upstairs, the plush master suite features 2 deluxe walk-in closets and private balcony with fireplaces inside and outside. Outside, breathtaking grounds include immaculate landscaping, Infinity Pool & Spa, Built-in BBQ, Fire Pits, and Four car garage. Truly a house for an art collector, entertainer or family. The home is convenient to all the most enjoyable features in Beverly Hills while still providing complete privacy and security.











#2      29208 Cliffside Drive, Malibu, CA 90265 with 6 bedrooms, 9 baths, and 
7,674 sq.ft. is listed for sale at $27,950,000.

29208 Cliffside Dr, Malibu, CA 90265

Grand European-style estate with 100' of bluff top panoramic ocean views on prestigious Point Dume. Masterfully re-decorated and sparing no expense in improvements over the past year, this gated/private home with hardwood and stone floors throughout is a superb blend of modern elegance and impeccable craftsmanship. With ocean views throughout, the 1st level offers an elegant 2-story entry with floating staircase; formal living rm with fireplace and dining room; gourmet kitchen with high-end appliances, central island and breakfast nook; cozy family room, gorgeous office with full bath, and 2-en-suite bedrooms. The 2nd level offers a sun-filled owner's suite with stunning ocean view terrace, luxurious spa-like bath and vast closet; plus 4-additional en-suite ocean view bedrooms with terraces and steam/dry sauna. The 1.29 park-like acres with multiple outdoor dining /sitting areas, BBQ island and pool/spa is perfect for lavish or intimate events. 3-car garage, covered 6-car structure, porte-cochere and ample guest parking.

29208 Cliffside Dr, Malibu, CA 90265

29208 Cliffside Dr, Malibu, CA 90265

29208 Cliffside Dr, Malibu, CA 90265

29208 Cliffside Dr, Malibu, CA 90265

29208 Cliffside Dr, Malibu, CA 90265

29208 Cliffside Dr, Malibu, CA 90265

29208 Cliffside Dr, Malibu, CA 90265

29208 Cliffside Dr, Malibu, CA 90265

29208 Cliffside Dr, Malibu, CA 90265

#3      2 North Moore, Manhattan-Tribeca with 6 bedrooms, 7 baths, and 11,300 sq.ft. 
is now reduced to $38,000,000.
                          
2 N Moore St, New York, NY 10013

An unrivaled residence on one of Tribeca's most exclusive fabled streets this majestic mansion with 65' of frontage on a prime corner lot affords its discerning owner a rare and privileged lifestyle. Built in 2008 yet epitomizing modern luxury is this distinguished Wayne Turret created masterpiece that's been impeccably designed with the finest finishes systems and amenities most notably a high speed Kone traction elevator that transports you between 6 stories and the finished lower level 7 central air units plus central vac air and water purification radiant heated walnut hardwood floors one touch state of the art audio video and security a top floor gym with a 50' indoor heated swimming pool full house generator and 3 car garage. 

 The decadent 11 300 square foot interior is beautifully saturated with natural light by huge windows and numerous oversized skylights. Stunning city views are continuously savored from multiple interior exposures and an incredible 1500 square feet of priceless private outdoor space. Massive decks on the 2nd and 3rd floors boast pristine landscaping outdoor grill and gas fireplace as well as irrigation and mist cooling systems. The master suite occupying the 5th floor offers another private outdoor retreat with its own large balcony fireplace and spa bath. Sprawling living and entertaining space assures the ultimate comfort and accommodates grand gatherings. 

This home is truly one of a kind in every aspect with 6 bedrooms 7 full baths 4 powder rooms 3 fireplaces an elegant formal living room a professional Molteni Dada chef's kitchen sun drenched art studio staff apartment with separate entrance stately den/library screening and billiards room tranquil outdoor dining atrium full laundry room finished lower level enormous storage areas and the list goes on. Cobblestoned North Moore whose mere 4 blocks has housed some of the city's most striking architecture and the world's most renowned residents is downtown's premier address. Tribeca chic is embodied in the landscape of your surroundings with excellent shops and restaurants Hudson River Park SoHo and other attractions minutes from your door.

2 N Moore St, New York, NY 10013

2 N Moore St, New York, NY 10013

2 N Moore St, New York, NY 10013

2 N Moore St, New York, NY 10013

2 N Moore St, New York, NY 10013

2 N Moore St, New York, NY 10013

2 N Moore St, New York, NY 10013

2 N Moore St, New York, NY 10013

Today's Real Estate News 

Most Expensive Luxury Home in China Listed for $154 Million





This newly built garden home in Suzhou, China, has just hit the market with an asking price of 1 billion Chinese yuan, an equivalent of $154 million, setting a price record in China.
“It is so far the highest luxury listing we have in China,” Jim Hao, vice chairman of Beijing Sotheby’s International Realty, which handles the marketing of the property, told Mansion Global exclusively.

A search of news reports shows that it is the most expensive home in mainland China to ever hit the market. Other luxury homes that came remotely close were previously listed or sold for half the price .

The Suzhou garden home, marketed as “Taohuayuan,” meaning “Utopia” but translating literally to “Peach Blossom Land,” sits on a private island on the south shore of Suzhou’s Dushu Lake, China’s biggest lake by surface area. It has a total of 32 bedrooms and 32 bathrooms, with all the bedrooms facing south, desired by many for optimal natural light.
The listing first appeared on June 6. Sotheby’s has started recently marketing the property as the “One Billion Yuan Luxury Home” in reference to the asking price.

Private gardens in Suzhou have been recognized as World Cultural Heritage sites. In recent years, the garden-style homes have been sought after by top collectors, according to developer Sunac China Holdings Limited.

It took Sunac China about three years to build this particular home. It commissioned Xiangshanbang Traditional Architectural and Building Skills to handcraft all the bricks and plants. The craftsmen have manifested their artistic conception of Taohuayuan with the essence of East Asian gardens at its core, and created a space worthy of the highest recognition in contemporary landscaping, internationally.

And apparently it’s worked. “There are quite a few overseas clients who have showed their interests in this unique property,” said listing agent Juan Zhao Feng, who is also Director of Branding and Marketing for Beijing Sotheby’s International Realty.


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      7811 Hillside Drive, La Jolla, CA 92037 with 3 bedrooms, 4 baths, and 
2,391 sq.ft. is listed for sale at $2,895,000.

7811 Hillside Dr, La Jolla, CA 92037

1927 Spanish eclectic design by Thomas Shepherd. Mills. Architecture maximizes sit-down North Shore views. Peaceful location with ample parking in the Hillside neighborhood of Country Club. Secluded from through-traffic with easy access in and out of La Jolla. Walk-ability and connectivity to the Village. Home is one of two that were built for sisters (7781 Hillside). Tri-level with separate bedroom/outside deck on lower. Unbelievable North Shore Ocean view from master bedroom- a breath-taking surprise!

7811 Hillside Dr, La Jolla, CA 92037

7811 Hillside Dr, La Jolla, CA 92037


7811 Hillside Dr, La Jolla, CA 92037

7811 Hillside Dr, La Jolla, CA 92037

7811 Hillside Dr, La Jolla, CA 92037

7811 Hillside Dr, La Jolla, CA 92037

7811 Hillside Dr, La Jolla, CA 92037

#2      649 Seabright Lane, Solana Beach, CA 92075 with 6 bedrooms, 8 baths, and 
7,000 sq.ft. is listed for sale at $5,795,000.

649 Seabright Ln, Solana Beach, CA 92075

Stunning architecture, unique design, exquisite materials, superb finishes, and a coveted location, render this a one of a kind property. Built by renowned '4 x 4 Construction', it is sited on a level, rare, half acre lot, and offers protected, whitewater views, only minutes to the beach, the Solana Beach design district, and Del Mar. A private, gated, entrance leads to the guest cabana and over sized office, befitting the most successful of entrepreneurs.

649 Seabright Ln, Solana Beach, CA 92075

649 Seabright Ln, Solana Beach, CA 92075

649 Seabright Ln, Solana Beach, CA 92075

649 Seabright Ln, Solana Beach, CA 92075

649 Seabright Ln, Solana Beach, CA 92075

649 Seabright Ln, Solana Beach, CA 92075

#3        2855 5th Avenue #701, San Diego-Mission Hills, CA 92103 with 3 bedrooms,
 3 baths, and 2,385 sq.ft. is listed for sale at $2,629,000. 

2855 5th Ave Unit 202, San Diego, CA 92103

The best front yard in the city, on Balboa Park! The Bark Bankers Hill is quickly becoming the most prestigious and desired address in San Diego! This refined residence offers unprecedented value of elegance and  ease with privacy and  space of a large single-family home. Interior designer finishes include: custom Italian Boffi cabinetry, Miele appliances and Duchateau wood flooring. Enhancing the indoor living space, the home features outdoor terraces and patios of over 300 sqft; perfect for entertaining!









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     10718 Mora Drive, Los Altos Hills, CA 94024 with 6 bedrooms, 11 baths, and
10,817 sq.ft. is listed for sale at $17,888,000

Address Not Available

A World-Class Masterpiece! Designed by acclaimed Swatt/Miers Architects, this gated, state-of-the-art residence holds 6 bedrooms and 8 full and 3 half baths, including a fabulous guesthouse. Built in 2016, no expense was spared on this estate that offers just over 10,800 sq. ft. (per plans), including a four-car garage, on approx. 1.26 acres (per county). Outfitted for luxurious entertaining, seamless indoor and outdoor living areas overlook an infinity pool and present staggering bay views. Incredible features include invisible speakers, a posh theater, and an elevator, and the estate is within an easy stroll of gorgeous Rancho San Antonio Preserve.

Los Altos Hills, CA 94024

Los Altos Hills, CA 94024

Los Altos Hills, CA 94024

Los Altos Hills, CA 94024

Los Altos Hills, CA 94024

Los Altos Hills, CA 94024

Los Altos Hills, CA 94024


#2      14123 Tracy Court, Los Altos Hills, CA 94022 with 7 bedrooms, 6 baths, 
and 5956 sq.ft. is listed for sale at $7,788,000.

14123 Tracy Ct, Los Altos Hills, CA 94022

Meticulous attention to detail augments this custom estate. Highly sustainable, state-of-the-art home includes eco-friendly, geothermal energy system and flexible spaces like 2-story au pair unit. Functional, stylish masterpiece effortlessly opens to outdoor living areas with kitchen, pool, and play structure. Steps to Pearson-Arastradero Preserve.

14123 Tracy Ct, Los Altos Hills, CA 94022

14123 Tracy Ct, Los Altos Hills, CA 94022

14123 Tracy Ct, Los Altos Hills, CA 94022

14123 Tracy Ct, Los Altos Hills, CA 94022

14123 Tracy Ct, Los Altos Hills, CA 94022

14123 Tracy Ct, Los Altos Hills, CA 94022

#3      475 Bridgeway, Sausalito, CA 94965 with 4 bedrooms, 6 baths, and 6,116 sq.ft. is listed for sale at $8,990,000,

475 Bridgeway Blvd, Sausalito, CA 94965

Luxurious contemporary home completely renovated and updated in 2014 w/panoramic views of San Francisco Bay. Top floor w/stunning master suite, state of the art bathroom, study, viewing decks, and addtl ensuite. Main level boasts gourmet kitchen, formal dining rm, spacious living rm, 1 f/p, bar & family rm, 1 ensuite, powder rm, 2 large decks. Entry level has au pair suite, second family rm, laundry rm, 4 car garage and elevator for all levels.

475 Bridgeway Blvd, Sausalito, CA 94965

475 Bridgeway Blvd, Sausalito, CA 94965

475 Bridgeway Blvd, Sausalito, CA 94965

475 Bridgeway Blvd, Sausalito, CA 94965

475 Bridgeway Blvd, Sausalito, CA 94965

475 Bridgeway Blvd, Sausalito, CA 94965

475 Bridgeway Blvd, Sausalito, CA 94965

475 Bridgeway Blvd, Sausalito, CA 94965



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 yea

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.

#1     611 N Hillcrest Road, Beverly Hills, CA 0-210 with 5 bedrooms, 6 baths, and 4,613 sq.ft. is listed for sale at $5,795,000

611 N Hillcrest Rd, Beverly Hills, CA 90210

This Spanish Revival gem, with its original charm and character intact, portrays the quintessential history of the coveted Beverly Hills flats. A dramatic archway leads you through this gracious residence, featuring a spacious, formal living room with a high-stenciled wood beam ceiling. The open floorplan leads you through the family room to formal dining room with doors leading to the rear patio, perfect for outdoor entertaining and dining al fresco. Additional features include a bonus office space and maids bedroom and bathroom off the kitchen. The second level consists of 3 bedrooms, all with en-suite bathrooms. A gated driveway, detached 2 car garage, and a 1 bedroom 1 bath guest house with alley access complete the rear of the residence surrounded by lush fruit trees with plenty of room for a pool. Ideally located on one of the best streets in the flats, just minutes from top ranked schools and the best shopping and dining Beverly Hills has to offer.

611 N Hillcrest Rd, Beverly Hills, CA 90210

611 N Hillcrest Rd, Beverly Hills, CA 90210

611 N Hillcrest Rd, Beverly Hills, CA 90210

611 N Hillcrest Rd, Beverly Hills, CA 90210

611 N Hillcrest Rd, Beverly Hills, CA 90210

611 N Hillcrest Rd, Beverly Hills, CA 90210

#2      22201 Carbon Mesa Road, Malibu, CA 90265 with 5 bedrooms, 8 baths, and 7,174 sq.ft. is listed for sale at $14,750,000.

22201 Carbon Mesa Road, Malibu, CA

Just moments above PCH, this nearly 6-acre private and secure compound offers breathtaking panoramic ocean views. This custom built masterpiece exudes an exceptional quality consistently showcased throughout the entire home. Designed with the finest materials and controlled by Crestron home automation, this property features an open floor plan with a spacious living room, library, theater, gourmet kitchen, gym, wine cellar and more. The master suite includes a sitting area, fireplace, exceptional coastline views, dual walk-in closets and a luxurious spa-like bath. The four guest bedrooms are generously proportioned and consist of en-suite bathrooms and walk in closets. This estate exhibits an extraordinary and serene setting with manicured grounds, a lit tennis court, private pool, viewing decks, outdoor kitchen and pizza oven making this property perfect for entertaining. Accompanied with Malibu La Costa Beach Club rights make this complete package the ideal Malibu lifestyle.

22201 Carbon Mesa Road, Malibu, CA

22201 Carbon Mesa Road, Malibu, CA

22201 Carbon Mesa Road, Malibu, CA

22201 Carbon Mesa Road, Malibu, CA

22201 Carbon Mesa Road, Malibu, CA

22201 Carbon Mesa Road, Malibu, CA

22201 Carbon Mesa Road, Malibu, CA

22201 Carbon Mesa Road, Malibu, CA

#3        1160 McClellan Drive, Brentwood, CA 90049 with 4 bedrooms, 6 baths, and 5,650 sq.ft. is listed for sale at $4,800,000.

1160 Mc Clellan Dr, Los Angeles, CA 90049

Hidden behind the lush greenery this modern luxurious home has been meticulously designed with the finest quality details. Main floor consist of home office, bright living, dinning, bath, and kitchen. Top floor offers 3 spacious bedroom suites, connected by a large hallway for finest photography and art showcase. Bottom floor has theater room with adjoining powder room and 4th bedroom suite. 3-stop elevator through all levels. This property is a true masterpiece with exquisite Italian wood floors, high ceilings, and wall-to-wall efficient fleetwood pocket doors that create seamless transitions for indoor/ outdoor living. ~It also includes a state of art Crestron Home Automation System with security cameras throughout the property.~ It is a perfect mix of steel, wood, water and lighting

1160 Mc Clellan Dr, Los Angeles, CA 90049

1160 Mc Clellan Dr, Los Angeles, CA 90049

1160 Mc Clellan Dr, Los Angeles, CA 90049

1160 Mc Clellan Dr, Los Angeles, CA 90049

1160 Mc Clellan Dr, Los Angeles, CA 90049

1160 Mc Clellan Dr, Los Angeles, CA 90049

1160 Mc Clellan Dr, Los Angeles, CA 90049

          
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.




#1      17316 SE 60th Street, Bellevue, WA 98006 with 13 bedrooms, 10 baths, and 15,316 sq.ft.  is listed for sale at $5,999,950.

17316 Se 60th St, Bellevue, WA 98006

The demanding presence of this distinctive Palatial Estate is inimitable! Situated on 1.89 pristine acres positioned to maximize stunning Lake and Mountain views-A grand columned foyer welcomes you into the dramatic entry with dual-sweeping Teak staircase-Authentic Old World opulence displayed by Venetian plastered walls to luxurious granite floors, museum quality finishes and intricate wood detail-Entertain effortlessly with both casual and refined dining areas-Media Room-Indoor Sport Court and Sauna.

17316 Se 60th St, Bellevue, WA 98006

17316 Se 60th St, Bellevue, WA 98006

17316 Se 60th St, Bellevue, WA 98006

17316 Se 60th St, Bellevue, WA 98006

17316 Se 60th St, Bellevue, WA 98006

17316 Se 60th St, Bellevue, WA 98006

17316 Se 60th St, Bellevue, WA 98006

17316 Se 60th St, Bellevue, WA 98006


#2     6402 East Mercer Way, Mercer Island, WA 98040 with 4 bedrooms, 6 baths,
 and 6,819 sq.ft. is listed for sale at $5,988,000.

6402 E Mercer Way, Mercer Island, WA 98040


Waterfront living at its finest! Classic architecture with a refreshing twist. Under construction with completion in early 2017! Sweeping 180 degree lake views in the spa-like Owners Suite on upper floor. Second Master Suite on main. Elevator accessing 3 floors. The "Lake Room" on lower level is reminiscent of a world class resort where guests move freely between indoor & outdoor spaces for year round entertaining. Terraced lawn leads to new dock with deep water moorage and 75" of Lake WA shoreline.

6402 E Mercer Way, Mercer Island, WA 98040

6402 E Mercer Way, Mercer Island, WA 98040

6402 E Mercer Way, Mercer Island, WA 98040
6402 E Mercer Way, Mercer Island, WA 98040

6402 E Mercer Way, Mercer Island, WA 98040

#3      500 106th Avenue NE  #4105,  Bellevue, WA 98004 with 2 bedrooms, 3 baths, and 3,403 sq.ft. is listed for sale at $3,350,000.

http://ap.rdcpix.com/1895050230/f3cb2d70a70669f227e525eb6c6f2d9fl-m24xd-w1020_h770_q80.jpg
Bellevue Towers Penthouse showcases spectacular views of downtown Seattle, Lake Washington and  Rainier from the 41st floor. Ideally suited for gracious downtown living and entertaining, this home features generous, well-appointed living spaces w/ 10' ceilings and
 2 oversized balconies. Bellevue Towers offers fitness rms, whirlpool spa, dining rm with kitchen, community room theater, outdoor terraces, 1/2 acre park, concierge and all the best of downtown: walk to shopping, dining, downtown park and more

500 106th Ave Ne Unit 4105, Bellevue, WA 98004

500 106th Ave Ne Unit 4105, Bellevue, WA 98004

500 106th Ave Ne Unit 4105, Bellevue, WA 98004

500 106th Ave Ne Unit 4105, Bellevue, WA 98004

500 106th Ave Ne Unit 4105, Bellevue, WA 98004

500 106th Ave Ne Unit 4105, Bellevue, WA 98004

500 106th Ave Ne Unit 4105, Bellevue, WA 98004

Today's Mortgage Rates                                                                     12 months

ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.42%3.43%-0.013.34%4.11%
15 Yr FRM2.78%2.79%-0.012.69%3.30%
FHA 30 Year Fixed3.25%3.25%--3.15%3.75%
Jumbo 30 Year Fixed3.58%3.59%-0.013.41%3.93%
5/1 Yr ARM2.85%2.87%-0.022.80%3.10%
Mortgage Rates Lowest in Weeks
Sep 23 2016, 2:38PM


Mortgage Rates continued steadily lower today, adding to a string of improvements that brings them to their best levels in more than 2 weeks.  Rates have now re-entered the narrow "post-Brexit" range that began shortly after the UK's vote to leave the European Union sent rates plunging toward all-time lows.  

Our current position is precarious in the bigger picture.  Market movements (specifically, bond markets) underlie mortgage rate movement.  When it comes to market movements a narrow range like that seen in the wake of Brexit is typically followed by a more convicted move in one direction or the other.  The direction tends to be that of the first major break of the range.  Because the first major break was toward higher rates, we could say that markets are "breaking the rules" if rates now attempt to reenter the range and move lower.
Yet here we are, back in the range.  We can cross our fingers and hope that this is a case of bbthe rules being broken, but it's still risky to flat-out PLAN on improvements simply because we've lucked out this week.  That's not to say that risk-takers couldn't be rewarded, but if you float, be sure to set a limit as to how high rates could go before you'd lock to avoid further losses.

Loan Originator Perspective


With the 10 year unable to break back below 1.60, tried yesterday and today and failed, not sure there is much benefit to floating.  However, I am not a fan of locking on a Friday.  If the 10 year can hold 1.63 today, I would float over weekend and look at locking Monday.  If we break 1.63 today, I would inclined to lock. -Vicor Burek, Churchill Mortgage

Today's Best-Execution Rates

  • 30YR FIXED - 3.375- 3.5%
  • FHA/VA - 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