Friday, September 30, 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      24860 Pacific Coast Highway, Malibu, CA 90265 with 6 bedrooms, 9 baths, and 10,000 sq.ft. is listed for sale at $30,000,000.

24860 Pacific Coast Hwy, Malibu, CA 90265

A spectacular contemporary bluff-estate in Malibu. Situated on a private 1.94-acre bluff, at the end of a gated tree-lined driveway. Enjoy sweeping ocean views from the moment one enters the foyer and stares down the 100-foot grand hallway. A peaceful interior offers Beaumaniere stone floors, dark wood, and walls that were hand-finished in white venetian plaster. Pocket doors throughout open to a lush tropical landscape with private steps leading down to Malibu Road. The exterior grounds feature an abundance of space for entertaining, with a pool, spa, bbq, and beautiful terraces with lounges. Perfect for casual indoor-outdoor living, this resort-like compound also features a state of the art tennis court, gym, guest-suite with its own entrance, staff quarters, and 6 luxurious bedrooms, including a his and hers master suite with a massage room, retreat, spa and fireplace.

24860 Pacific Coast Hwy, Malibu, CA 90265

24860 Pacific Coast Hwy, Malibu, CA 90265

24860 Pacific Coast Hwy, Malibu, CA 90265

24860 Pacific Coast Hwy, Malibu, CA 90265

24860 Pacific Coast Hwy, Malibu, CA 90265

24860 Pacific Coast Hwy, Malibu, CA 90265

24860 Pacific Coast Hwy, Malibu, CA 90265

24860 Pacific Coast Hwy, Malibu, CA 90265


#2      430 Robert Lane, Beverly Hills, CA 90210 with 5 bedrooms, 5 baths, and 
8,784 sq.ft. is listed for sale at $21,000,000.
This prime Trousdale estate is located in one of the most prestigious street in Beverly Hills. 
Its just step's away from Gresystone Park and mansions. This amazing family house is a masterpiece which radiates with exceptional design. It is an  entertainer's dream. Outside is a fantastic pool and spacious fireplace area above the pool with inspiring city lights view. In addition there is  a 2-story guest house, 2 custom wine cellar rooms, elevator and  much more. This is a perfect estate to renovate and turn into $50,000,000 masterpiece. 

Image result for 430 Robert Lane, Beverly Hills, CA 90210 photos








Image result for 430 Robert Lane, Beverly Hills, CA 90210 photos





# 3        9555 Heather Road, Beverly Hills, CA 90210 with 9 bedrooms, 15 baths, and 9,987 sq.ft. is listed for sale at $22,800,000.

9555 Heather Rd, Beverly Hills, CA 90210

Enter the gates of this East Coast designed traditional compound and you'll never want to leave. This Paul Williams designed Estate is one of Beverly Hills' last true Masterpieces. Gather your family for an afternoon of nirvana by the fabulous swimmers pool or gear up for a tennis match on your regulation-size court in the center of the home. The kids can enjoy a game of croquet while you cool off in the shade of your private outdoor dining rm.The grand theater and 2-lane bowling alley make for an entertainer's oasis.The 2 bedroom, manor-sequel guesthouse provides the most luxurious of appointments for your friends and family. With the guests away,enjoy a romantic evening in the private gazebo and stroll along the scenic paths that encircle the grounds.Warmth is felt in every square inch of the exquisitely designed, Ralph Lauren inspired, interiors. The ultimate family home and entertainer's estate,fit for intimately large parties that would be the envy of Jay Gatsby.

9555 Heather Rd, Beverly Hills, CA 90210

9555 Heather Rd, Beverly Hills, CA 90210

9555 Heather Rd, Beverly Hills, CA 90210

9555 Heather Rd, Beverly Hills, CA 90210

9555 Heather Rd, Beverly Hills, CA 90210

9555 Heather Rd, Beverly Hills, CA 90210

9555 Heather Rd, Beverly Hills, CA 90210

Today's Real Estate News 

Housing Party In The U.S. May Be Coming To An End

By Thomas H Kee Jr. 
Stock Traders Daily
The focus has been less on housing but more on inflation data in FOMC circles recently, but on Thursday, we received very weak pending-home-sales data that puts housing front and center again. Housing was humming along, so to speak, with interest and mortgage rates still low, but in August something very interesting happened.
Pending home sales fell by 2.5% in August, suggesting that potential buyers were apprehensive. What might make buyers apprehensive in a housing market that has been driven by extremely low mortgage rates? We could easily point the finger to the risk of higher rates, but that usually has a spurring influence on the purchasing decision, so we need to look at that in another way.

Interestingly, in the face of an FOMC meeting that actually had a high probability of resulting in higher rates, mortgage rates fell. Even after the decision, and as the chance of a December hike increases beyond 60%, mortgage rates are falling.

What would make mortgage rates fall in the face of potentially higher rates?The answer is demand. If demand levels are weak, mortgage companies will offer better rates, so the weak demand numbers from August seem to be the reason rates have fallen ahead of and after an FOMC meeting that was centered around prospects for rate hikes.

Because potential rate hikes usually spur buyers to lock in lower rates, and this time that did not happen, something else must be at play. It is very possible that the value proposition has diminished significantly for prospective buyers, and although individual buyers looking for a home may still find it difficult to find something good, real-estate investors appear to be  seeing the inverse relationship between price and interest rates as a put to their decision-making process.

Real-estate investors who have identified the risk of higher rates must calculate their ability to resell properties at higher rates and therefore include a declining affordability factor in their business plan, which typically reduces margins. Where novice homebuyers tend to think that buying at ultra-low rates is good, investors know that prices fall when rates go up, and if rates are about to start to increase, that makes real estate a bad investment. Investors begin to anticipate price declines, or deflationary pressure from the housing market.

The weak pending-home-sales data appears to be telling us exactly that, and because housing is so important to the inflation picture the FOMC is watching — it is much more important than oil by the way — if the data received Thursday is followed by more housing related concerns it will put the FOMC back on pause. Thursday's housing data is telling the FOMC that pricing pressure will come if they raise rates, and that will dampen inflation hopes even after OPEC, and the FOMC does not want deflationary pressures and certainly does not want to cause them.

In the meantime, it would appear to be wise to monitor these housing stocks for potential movement.


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 $516,200. San Diego County home values have gone up 5.2% over the past year and Zillow predicts they will rise 1.9% within the next year.         

The median home value in La Jolla is $1,685,000. La Jolla home values have gone up 6.1%  over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Rancho Santa Fe is $2,727,800. Rancho Santa Fe home values have declined -0.5% over the past year and Zillow predicts they will rise 1.9% within the next year

#1      14296 Dalia, Del Mar, CA 92014 with 6 bedrooms, 6 baths, and 7,685 sq.ft.
 is listed for sale at $4,995,000


Utter bliss in this exquisite, newly reconstructed home. A perfect blend of modern and traditional, using top grade materials and chic finishes, creating a warm, inviting living environment. The bright open floor plan offers 6 generous bedroom suites, Office / library w/Golf Course Views, disappearing Pocket Doors provide access to outdoor entertaining with beautiful limestone patios, beautiful chefs kitchen ,high-end designer details , First Floor grand master suite, Detached Guest Home, Yard with space.







#2    2230 Via Lucia, La Jolla, CA 92037 with 5 bedrooms, 4 baths, and 4,232 sq.ft. is listed for sale at $2,950,000.

2230 Via Lucia, La Jolla, CA 92037

Lovely renovated single level Spanish style residence in La Jolla Alta North. Large level lot affords privacy and quiet. Formal entry opens into wood beamed vaulted ceiling living room w/fireplace and formal dining area. Gourmet kitchen with granite counters opens to vaulted ceiling great room. Oversize master suite with fireplace, library, his and hers walk-in closets, Jacuzzi tub, and  shower. Floor surfaces include paver tiles and carpet. Numerous French doors throughout. Pool/spa BBQ area outdoors.

2230 Via Lucia, La Jolla, CA 92037

2230 Via Lucia, La Jolla, CA 92037

2230 Via Lucia, La Jolla, CA 92037

2230 Via Lucia, La Jolla, CA 92037

2230 Via Lucia, La Jolla, CA 92037

2230 Via Lucia, La Jolla, CA 92037


#3     7914 Costebelle Way, La Jolla, CA 92037 with 5 bedrooms, 5 baths, and 4,958 sq.ft. is listed for sale at  $3,999,995.

7914 Costebelle Way, La Jolla, CA 92037

Stunning modern home inspired by the coveted La Jolla beach-life. This newly built architectural masterpiece is nestled in La Jolla Heights, on a private cul-de-sac. Stunning 180 degree ocean-views of the Shores and breathtaking sunsets from every room. Beautiful wood floors make the home warm and inviting. Modern fixtures and top of the line appliances enhance your beach-life experience. One-of-a-kind master shower with breathtaking ocean views, designed to give you the feeling of showering outside.

7914 Costebelle Way, La Jolla, CA 92037

7914 Costebelle Way, La Jolla, CA 92037

7914 Costebelle Way, La Jolla, CA 92037

7914 Costebelle Way, La Jolla, CA 92037

7914 Costebelle Way, La Jolla, CA 92037


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


The median home value in San Francisco is $1,104,000. San Francisco home values have gone up 0.6% over the past year and Zillow predicts they will fall -0.4% within the next year. 

The median home value in Sausalito is $1,203,400. Sausalito home values have gone up 6.6% over the past year and Zillow predicts they will rise 0.9% within the next year. 

The median home value in Tiburon is $2,360,800. Tiburon home values have gone up 2.6% over the past year and Zillow predicts they will fall -0.0% within the next year.

The median home value in Saratoga is $2,331,600. Saratoga home values
have gone up 1.1% over the past year and Zillow predicts they will fall -1.1% within the next year.

 #1      13686 Page Mill Road, Los Altos Hills, CA 94022 with 5 bedrooms, 7 baths, 
and 5,250 sq.ft. is listed for sale at $6,295,000

13686 Page Mill Rd, Los Altos Hills, CA 94022

Attention to detail and elegant contemporary finishes exemplify this newly finished home with 5 bedrooms each with en-suite baths and 2 elegant powder rooms, open floor plan with a spacious dining/living room and family room/kitchen/nook combination opening to the outdoor California Room with fireplace; gourmet kitchen features custom wood cabinets, large island with Calcutta Gold marble slab, complimented by Caesarstone countertops and professional Thermador stainless steel appliances; exquisite Porcelanosa tiles throughout, wide plank European Oak floors, Pella Designer Series triple pane windows; Fleetwood sliding doors opening the indoor space to the thoughtfully designed outside covered patios. Flat, almost one acre property is gated and fully landscaped. An expansive and private backyard features a patio with built-in gas barbeque, and a 40 foot solar-heated swimming pool with waterfall and spa, perfect for entertaining.

13686 Page Mill Rd, Los Altos Hills, CA 94022

13686 Page Mill Rd, Los Altos Hills, CA 94022

13686 Page Mill Rd, Los Altos Hills, CA 94022

13686 Page Mill Rd, Los Altos Hills, CA 94022

13686 Page Mill Rd, Los Altos Hills, CA 94022

13686 Page Mill Rd, Los Altos Hills, CA 94022

13686 Page Mill Rd, Los Altos Hills, CA 94022

#2       24801 Prospect Avenue, Los Altos Hills, CA 94022 with 6 bedrooms, 8 baths, and 10,229 sq.ft. is listed for sale at $10,988,000

24801 Prospect Ave, Los Altos Hills, CA 94022

Grand and luxurious Mediterranean estate in an exclusive Los Altos Hills neighborhood with 360 degree views of the San Francisco Bay, the Silicon Valley, and City Lights.  This inspiring estate is set on 1.35 pristine view acres with plenty of flat open space to add a tennis court or an expansive lawn area. Superior attention to details to this estate with an enormous great room, fantastic bonus/billiards room, secondary entertaining kitchen, home spa with steam room and dry sauna, home theater, formal library, and  enormous bedroom suites each with full bathrooms.  Two sets of dramatic sweeping spiral staircases with massive marble steps and designer wrought iron railings are the center piece*12 foot Cantera front door makes a bold impression*Infinity edged pool and spa with spectacular San Francisco Bay and City Light views.  Massive marble slab flooring in the entry, kitchen, and master bathroom. Enormous epicurean kitchen quality appliances, marble counters, and designer cabinets make this the perfect state for you.

24801 Prospect Ave, Los Altos Hills, CA 94022

24801 Prospect Ave, Los Altos Hills, CA 94022

24801 Prospect Ave, Los Altos Hills, CA 94022

24801 Prospect Ave, Los Altos Hills, CA 94022

24801 Prospect Ave, Los Altos Hills, CA 94022

24801 Prospect Ave, Los Altos Hills, CA 94022

24801 Prospect Ave, Los Altos Hills, CA 94022

24801 Prospect Ave, Los Altos Hills, CA 94022

#3        2222 Hyde Street #4, San Francisco-Russian Hill, CA 94109 with 
3 bedrooms, 3 baths, and 2,600 sq.ft. is listed for sale at $4,595,000. 

                       2222 Hyde St Apt 4, San Francisco, CA 94109

At the top of Russian Hill, this beautifully renovated view co-op encompasses the 4th floor of a 1920's classically detailed and impeccably maintained 7 unit bldg. Acclaimed designer J. Wheatman transformed the floor plan for sophisticated city living.Taking ctr stage in the well-proportioned LR and FDR are sweeping views to the East and South across SF Bay and iconic landmarks Coit Twr, Transamerica Bldg and Bay Bridge.An east terrace spanning the LR provides a sheltered venue for enjoying the views, dazzling by day & night. Spacious master suite. Custom ensuite 2nd BR features bay and city views. Chef's kitchen with highest quality finishes. 

2222 Hyde St Apt 4, San Francisco, CA 94109

2222 Hyde St Apt 4, San Francisco, CA 94109

2222 Hyde St Apt 4, San Francisco, CA 94109

2222 Hyde St Apt 4, San Francisco, CA 94109

2222 Hyde St Apt 4, San Francisco, CA 94109



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




The median home value in Los Angeles County is $532,800. Los Angeles County home values have gone up 6.3% over the past year and Zillow predicts they will rise 0.9% within the next year

The median home value in Malibu is $2,500,600. Malibu home values have declined -0.8% over the past year and Zillow predicts they will fall -0.7% within the next year.

The median home value in Beverly Hills is $2,998,500. Beverly Hills home values have gone up 4.7% over the past year and Zillow predicts they will rise 0.2% within the next year.

The median home value in Bel Air is $3,118,800. Bel Air home values have gone up 3.8% over the past year and Zillow predicts they will rise 0.7% within the next year.

#1      2915 Patrici` Avenue, Cheviot Hills-Rancho Park, CA with 4 bedrooms, 4 baths, and 3,210 sq.ft. is listed for sale at $4,395,000.

2915 Patricia Ave, Los Angeles, CA 90064

Two-story Gerard Colcord masterpiece; an architectural triumph. This classical Spanish Colonial Revival- style home is beautifully restored to its original glamour. This home brings out trademark elements such as a gothic-arched door, white plastered walls, casement windows, tile roof, hardwood floors, exposed wood beams, wrought iron railings and a classic wood burning fireplace. This kitchen is now reimagined with new lacquered cabinetry and hand crafted custom tiles, top of the line appliances, transitioning to the breakfast area. All bathrooms were updated while maintaining the true style and glamour. The 2nd floor has a magnificent master bedroom, which leads to a balcony with stunning city views. Brickwork and hand-made terra cotta walkways with custom tiles. Garden highlighted by fruit trees and flowers. Private studio/guest house with new custom cabinets and hardwood floor
.
2915 Patricia Ave, Los Angeles, CA 90064

2915 Patricia Ave, Los Angeles, CA 90064

2915 Patricia Ave, Los Angeles, CA 90064

2915 Patricia Ave, Los Angeles, CA 90064

2915 Patricia Ave, Los Angeles, CA 90064

2915 Patricia Ave, Los Angeles, CA 90064

2915 Patricia Ave, Los Angeles, CA 90064

#2          721 Beverly Drive, Beverly Hills, CA 90210 with 4 bedrooms, 5 baths, and 
5,540 sq.ft. is listed for sale at $9,350,000.

721 N Beverly Dr, Beverly Hills, CA 90210

One of few first homes built in flats of Beverly Hills, and once owned by actor Leslie Neilsen, the 1913 residence predates city's incorporation. Majestic shingled chalet-style tennis court estate, sitting on well over half an acre lot. This property was completed a year before the incorporation of the City of Beverly Hills (property is not historical). Gleaming original hardwood floors, high ceilings, wide hallways lead to voluminous formal living and dining rooms, lit by long expanses of windows. A step-down family room opens to a brick-paved, glass-ceilinged solarium/sun room. Cozy den also has a fireplace. 4 large master-suites upstairs, all with spacious walk-in closets. Master suite also has an enormous view terrace, looking out to the entertainment area in the backyard, an oversized pool and a lighted tennis court. In addition, there is a full guest house complete with its own kitchen, fireplace and skylights. Fronted by a sweeping lawn, with circular driveway and covered portico.

721 N Beverly Dr, Beverly Hills, CA 90210

721 N Beverly Dr, Beverly Hills, CA 90210

721 N Beverly Dr, Beverly Hills, CA 90210

721 N Beverly Dr, Beverly Hills, CA 90210

721 N Beverly Dr, Beverly Hills, CA 90210

721 N Beverly Dr, Beverly Hills, CA 90210

#3      3085 Franklin Canyon Drive, Beverly Hills, CA 90210 with 6 bedrooms, 7 baths, and 7,018 sq.ft. is listed for sale at $8,995,000.

3085 Franklin Canyon Dr, Beverly Hills, CA 90210
.
Cape Cod infused with California glamour, this brand new constructed private gated estate combines old-world grandeur and elegance, with luxurious modern amenities. Designed for entertaining, this timeless home is a standout combination of the classic and the contemporary, achieving the balance of tradition with modern impact. Marvel at the seamless merging of indoors and outdoors, along the luxurious beauty of the sun-filled main living area, which leads to a stunning outdoor space, complete with beautiful vignettes surrounded by exquisite water features, gleaming pool and breathtaking views. With up to 16 ft high ceilings, elaborate wainscoting, custom wood work, lux stones and tile, oak floors, wine gallery, media room, gym, yoga deck, stately en-suite bedrooms with private balcony's, the best of crisp east coast beach style meets west coast sophistication and convenience in this unique, lushly-landscaped gated private home. Get ready to fall in love and live happily ever after.

3085 Franklin Canyon Dr, Beverly Hills, CA 90210

3085 Franklin Canyon Dr, Beverly Hills, CA 90210

3085 Franklin Canyon Dr, Beverly Hills, CA 90210

3085 Franklin Canyon Dr, Beverly Hills, CA 90210

3085 Franklin Canyon Dr, Beverly Hills, CA 90210

3085 Franklin Canyon Dr, Beverly Hills, CA 90210

3085 Franklin Canyon Dr, Beverly Hills, CA 90210

3085 Franklin Canyon Dr, Beverly Hills, CA 90210


Today Top Three Seattle Luxury Estates
seattleluxuryrealestateupdates.com


The median home value in Kirkland is $576,800. Kirkland home values have gone up 14.6%  over the past year and Zillow predicts they will rise 7.1% within the next year. 

The median home value in Seattle is $592,200. Seattle home values have gone up 15.3% over the past year and Zillow predicts they will rise 6.9% within the next year. 

The median home value in Bellevue is $730,000. Bellevue home values have gone up 13.6% over the past year and Zillow predicts they will rise 5.9% within the next year.

The median home value in Mercer Island is $1,240,400. Mercer Island home values have gone up 12.2% over the past year and Zillow predicts they will rise 6.4% within the next year.

The median home value in Clyde Hill is $2,200,500. Clyde Hill home values have gone up 10.1% over the past year and Zillow predicts they will rise 5.5% within the next year. 

The median home value in Medina is $2,389,900. Medina home values have gone up 12.8% over the past year and Zillow predicts they will rise 5.1% within the next year. 


#1     15528 SE 53rd Place, Bellevue, WA 98006 with 4 bedrooms, 5 baths, and 
5,551 sq.ft. is listed for sale at $2,088,000.

15528 Se 53rd Pl, Bellevue, WA 98006


Panoramic unobstructed views! Climb to a mountain peak for a once in a lifetime view or live it here everyday! All bedrooms are en suite. All levels have big views! Guest suite has its own entry path from garage. Peaceful orientation just steps from the summit high point. Homes original owners have taken great care of this treasure. Private neighborhood club available for your celebrations also offers tennis, swimming, & community events. Experience one of the summits finest views!

15528 Se 53rd Pl, Bellevue, WA 98006

15528 Se 53rd Pl, Bellevue, WA 98006

15528 Se 53rd Pl, Bellevue, WA 98006

15528 Se 53rd Pl, Bellevue, WA 98006

15528 Se 53rd Pl, Bellevue, WA 98006

15528 Se 53rd Pl, Bellevue, WA 98006

15528 Se 53rd Pl, Bellevue, WA 98006

15528 Se 53rd Pl, Bellevue, WA 98006

#2        2424 Magnolia Blvd. W, Seattle-Magnolia, WA 98199 with 4 bedrooms, 3 baths, and 4,320 sq.ft. is listed for sale at $1,999,000.



Spectacular views of the Puget Sound, Mt. Rainier, andthe Olympics await at this spacious home located on Magnolia BLVD. Recently updated, the home features hardwood floors, views from almost every room, and 2 full kitchens. The main floor master suite features chic his & her closets & a large bathroom. An elegant formal living room with fireplace flow graciously into the formal dining room. MIL Suite with separate entry. Marvelous home on a prominent street just waiting for your personalization






#3    10420 NE 55th Street, Kirkland, WA 98033 with 4 bedrooms, 4 baths, and 4,000 sq.ft. is listed for sale at $2,175,000.



Modern refined home. Lavender plants line the pathway to this Kirkland view home in Houghton. Western sunshine beams into the home & walls of windows welcome the panoramic view of Lake Washington & the Seattle skyline. The kitchen offers a central location for entertaining guests indoors or outdoors on the spacious deck. Master bathroom is luxurious w/heated floors. Guest suite w/its own entrance is on the main level. Enjoy being close to parks, the Kirkland waterfront and downtown Bellevue.







 

Today's Mortgage Rates                                                                     12 months

30 Yr FRM3.39%3.37%+0.023.34%4.11%
15 Yr FRM2.73%2.72%+0.012.69%3.30%
FHA 30 Year Fixed3.20%3.20%--3.15%3.75%
Jumbo 30 Year Fixed3.52%3.51%+0.013.41%3.93%
5/1 Yr ARM2.80%2.81%-0.012.80%3.10%
Updated: 9/29/16 2:11 PM

Mortgage Rates Edge Higher, But Remain in Low Range
Sep 29 2016, 4:29PM


Mortgage Rates were slightly higher again today, marking the second day spent pulling back from a nice move lower that followed last week's Fed announcement.  Although mortgage rates aren't directly influenced by the Fed Funds Rate itself, quick changes in the expected course of central bank policy can cause volatility for most any lending rate.  This has been the case over the past 2 weeks.  Rates moved quickly higher after various speeches from the Fed and the European Central Bank earlier this month.

The recent move lower brought rates back into the range that dominated most of July and August.  The past 2 days of weakness haven't been big enough to threaten that range.  The conservative approach would be to consider yourself lucky that rates made it back to current levels and lock accordingly.  The more aggressive approach would be to treat the top of this range as the "warning track" that prompts you to lock at a loss.  You'll know we're crossing it when we talk about top tier conventional 30yr fixed quotes moving back up to 3.5%.  For now, we're still at 3.375%.

Loan Originator Perspective


In hindsight, yesterday was a good day to lock.  Due to weakness this morning, lenders did worsen rate sheets but since that time bonds have managed to rally following the 10 year bounce off of 1.60.  If your lender reprices for the better today, then I think locking might still be the best option.  If your lender does not reprice better today, then i would float over night.   -Victor Burek, Churchill Mortgage

Today's Best-Execution Rates

  • 30YR FIXED - 3.375%
  • 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:                 furtree@msn.com 
phone/text        619-944-8749