Thursday, October 6, 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       3006 Sandy Lane, Del Mar, CA 92014 with 6 bedrooms, 7 baths, and 3,950 sq.ft. is listed for sale at $15,995,000.

3006 Sandy Ln, Del Mar, CA 92014

Nestled in an exclusive gated community on the sand, this fully remodeled, ocean front compound offers the ultimate privacy. Entertain and enjoy dining al fresco in the courtyard, or catch the sunset on the expansive ocean front deck spanning 50 ft. Walls of glass line the westward facing walls of the home offering breathtaking panoramic ocean views throughout. Master retreat boasts balcony & his/hers separate wings w/ oversized closets/bathrooms. The luxury of ocean front living awaits!

3006 Sandy Ln, Del Mar, CA 92014

3006 Sandy Ln, Del Mar, CA 92014

3006 Sandy Ln, Del Mar, CA 92014

3006 Sandy Ln, Del Mar, CA 92014

3006 Sandy Ln, Del Mar, CA 92014

3006 Sandy Ln, Del Mar, CA 92014

3006 Sandy Ln, Del Mar, CA 92014

3006 Sandy Ln, Del Mar, CA 92014


#2     400 S Mashta Drive, Key Biscayne, Florida with 5 bedrooms, 7 baths, and  9,619 sq.ft. is listed for sale at $39,000,000.

400 S Mashta Dr, Key Biscayne, FL 33149

Coined The 1000 Year House by renowned architect Charles Pawley. Strategically built on a 38k square feet peninsula with 480 feet of waterfront on prestigious Mashta Island. Unimpeded wide panoramic views of the ocean, Bill Baggs Park, Cape Florida Light House and Stiltsville. This 12k square feet home is comprised of 5 bedrooms/6.5 baths which include 2 master bedrooms, theater, gym, library and staff qtrs. Covered gazebo and massive terraces with a resort pool/spa. Protected deep water dock accommodates a 100 plus foot yacht.

400 S Mashta Dr, Key Biscayne, FL 33149

400 S Mashta Dr, Key Biscayne, FL 33149

400 S Mashta Dr, Key Biscayne, FL 33149

400 S Mashta Dr, Key Biscayne, FL 33149

400 S Mashta Dr, Key Biscayne, FL 33149

400 S Mashta Dr, Key Biscayne, FL 33149

400 S Mashta Dr, Key Biscayne, FL 33149

400 S Mashta Dr, Key Biscayne, FL 33149

400 S Mashta Dr, Key Biscayne, FL 33149

400 S Mashta Dr, Key Biscayne, FL 33149

400 S Mashta Dr, Key Biscayne, FL 33149

#3         300 Delfern Drive, Bel Air, CA 90077 with 11 bedrooms, 16 baths and
20,000 sq.ft.+  is listed for sale at $79,000,000.



300 Delfern Dr, Los Angeles, CA 90077

The Edie Goetz Estate" is a trophy compound in the heart of Holm by Hills, sited on two contiguous properties and totaling over 4.38 acres. Available for the first time in over 25 years. A magnificent example of Georgian Revival architecture originally completed in 1938 and designed by Gordon Kaufman, classic elements include high ceilings, grand public rooms and ornate wrought iron details. In 1947, Edie Goetz engaged legendary Hollywood designer Billy Haines to enhance the main house as a showplace for lavish events. One of the most iconic rooms is the paneled art deco modern library/bar also designed by Haines. On what many consider the finest street in Los Angeles this private paradise is set behind large gates and offers complete privacy. Features of the estate include: verdant manicured grounds, 3 guest houses, 11 bedrooms, 2 swimming pools, tennis court, and rare specimen trees. A rare opportunity to own a piece of Hollywood history.


300 Delfern Dr, Los Angeles, CA 90077




300 Delfern Dr, Los Angeles, CA 90077

300 Delfern Dr, Los Angeles, CA 90077

300 Delfern Dr, Los Angeles, CA 90077

Today's Real Estate News 

A Rising Market Share of 5,000+ Square Foot Home


By Ashok Chaluvdi
NAHB




New homes with 5,000 square feet or more of living space increased both as a share of all 
new construction and in absolute number in 2015, according to the Census Bureau’s Survey of Construction. In 2015, the share of new homes this size reached a post-recession peak of 3.9% of new homes started. The total number of 5,000+ square-foot homes started that year was 28,000 units.

In 2012, the number of new homes started with 5,000+ square feet rose to 15,000 units, yet their share remained at only 2.8%. In 2015, while the number of 5,000+ square feet homes started (28,000) was the highest since 2008, their share of the new market (3.9%) was the highest since 2004. A previous post discussed the declining trend in the median and average size of new single-family homes due to an expansion in entry-level market wherein home size is expected to trend lower. This is not necessarily a contradiction, because 5,000+ square foot homes are relatively uncommon and represent the extreme upper tail of the distribution. The extreme upper tail can behave differently than the center of the distribution, measured by the average or median.

In the boom year of 2006, 3.0% or 45,000 new homes started were 5,000 square feet or larger. In 2007, the share of new homes this size was 3.6%, yet the total number of 5,000+ square-foot homes started that year fell to 37,000. In 2008, only 20,000 such homes were started or 3.2% of the total. From 2009 to 2011, fewer than 13,000 of these large homes were started every year, accounting for less than 3% of all new construction during this period. The extent to which the 5,000+ square foot homes have recovered, roughly to where they were in 2008, shows a growing trend at the top of the market at least through 2015.

When analyzed by the different characteristics, 79% of 5,000+ square feet home started have a finished basement, 68% have a 3 or more car garage, and at least 60% have a patio or porch. More than 50% of the homes have 5 bedrooms or more and 70% have 4 bathrooms or more.

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      5749 Dolphin, La Jolla, CA 92037 with 4 bedrooms, 5 baths, and 3,008 sq.ft. 
is listed for sale at $3,199,995.

5749 Dolphin Pl, La Jolla, CA 92037

Elegant Spanish style villa perched above La Jolla's prestigious Bird Rock cove. This home boasts panoramic views of the ocean from almost every room. Beautiful great room with beamed ceilings, solid birch hardwood flooring, and large bay windows with breathtaking ocean views. Chef`s kitchen with custom European cabinetry, Viking, Monogram professional grade stainless appliances, wine cooler, and granite counters. Relax or entertain guests on the 500 sqft rooftop deck with stunning panoramic ocean views

5749 Dolphin Pl, La Jolla, CA 92037

5749 Dolphin Pl, La Jolla, CA 92037

5749 Dolphin Pl, La Jolla, CA 92037

5749 Dolphin Pl, La Jolla, CA 92037

5749 Dolphin Pl, La Jolla, CA 92037




#2      6209 Beaumont Avenue, La Jolla, CA 92037 with 4 bedrooms, 3 baths, and 
3,600 sq.ft. is listed for sale at $2,795,000.

6209 Beaumont Ave, La Jolla, CA 92037

Gorgeous newly-modeled home on a lush 10,300 sq.ft. lot. Stylishly modern, every detail is thought of. The welcoming backyard offers a fireplace and outside dining area as well as a koi pond and fountain - an entertainer's dream. Peekaboo views of Ocean on main level and full ocean views from upstairs bedroom. This is a light, bright ray of sunshine of a home! Don't miss it!

6209 Beaumont Ave, La Jolla, CA 92037

6209 Beaumont Ave, La Jolla, CA 92037

6209 Beaumont Ave, La Jolla, CA 92037

6209 Beaumont Ave, La Jolla, CA 92037


6209 Beaumont Ave, La Jolla, CA 92037
#3      4447 La Noria, Rancho Santa Fe, CA 92067 with 5 bedrooms, 5 baths, and 
6,160 sq.ft. is listed for sale at $2,795,000.

4447 La Noria, Rancho Santa Fe, CA 92067

First time on the market, this private gated estate is situated on over 4 sprawling acres on the Westside of the Covenant in Rancho Santa Fe. Beautiful, peaceful and serene with views to the Pacific Ocean. The long and meandering driveway leads you to this five bedroom estate. The residence features a kitchen/family room combination with fireplace, informal dining, bar and doors that lead to a patio overlooking the private grounds, graceful pastures and barn. 

4447 La Noria, Rancho Santa Fe, CA 92067

4447 La Noria, Rancho Santa Fe, CA 92067

4447 La Noria, Rancho Santa Fe, CA 92067

4447 La Noria, Rancho Santa Fe, CA 92067

4447 La Noria, Rancho Santa Fe, CA 92067

4447 La Noria, Rancho Santa Fe, CA 92067

4447 La Noria, Rancho Santa Fe, CA 92067

4447 La Noria, Rancho Santa Fe, CA 92067


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     1879 Funston Avenue, San Francisco-Golden Gates Heights with 4 bedrooms, 
5 baths, and 4,810 sq.ft. is listed for sale at $2,995,000.

1879 Funston Ave, San Francisco, CA 94116

Shangri-La in the Sunset-All 4 levels with ocean views. Exquisitely remodeled GG Heights contemporary home of 4,800+ Sq.Ft. Ideal for a family who is looking for 4 bed/2bath on the top floor w/ith additional guest suite, full bath & office on the lowermost floor! Top floor also features master bedroom with master bath, walk-in closet and laundry room. Spacious living room w/ fireplace and dining room facing the Panoramic Ocean view on the main level. Lower level offers an entrainment area w/ fireplace, wet bar, children's play space, exercise area, and sauna w/ attached full bath. 2 fireplaces, a 2 car garage, and top of the line Viking appliances.

1879 Funston Ave, San Francisco, CA 94116

1879 Funston Ave, San Francisco, CA 94116

1879 Funston Ave, San Francisco, CA 94116

1879 Funston Ave, San Francisco, CA 94116

1879 Funston Ave, San Francisco, CA 94116

1879 Funston Ave, San Francisco, CA 94116


#2     83 Round Hill Road, Tiburon, CA 94920 with 5 bedrooms, 5 baths, and 
4,890 sq.ft. is listed for sale at $4,850,000.

83 Round Hill Rd, Tiburon, CA 94920

Comfortable resort-style living at this gated estate located at the end of a private drive. This striking contemporary residence is situated on a wooded lot with filtered views of Belvedere Island and the lagoon. Lush landscaping accentuated with terraced gardens and and manicured lawn, combined with magnificent oak trees, extensive walkways and bridges over a seasonal creek, bocce court, pool with water fall, spa and a detached guest house.

83 Round Hill Rd, Tiburon, CA 94920

83 Round Hill Rd, Tiburon, CA 94920

83 Round Hill Rd, Tiburon, CA 94920

83 Round Hill Rd, Tiburon, CA 94920

83 Round Hill Rd, Tiburon, CA 94920

83 Round Hill Rd, Tiburon, CA 94920

83 Round Hill Rd, Tiburon, CA 94920

#3       345 Golden Gate Avenue, Belvedere, CA with 6 bedrooms, 10 baths, and 
8,885 sq.ft. is listed for sale at $16,500,000.

345 Golden Gate Ave, Belvedere, CA 94920

Purchased by Silicon Valley venture capitalist Tom Perkins in 1972/73. Close to downtown Tiburon and ferries to SF. Stone paved motor entry, 3-car garage. Apartment over the garage.  Grand Salon with coffered tray ceilings, linen fold paneling, limestone fireplace and sweeping GGB views. Formal DR to seat 18. Master Suite with majestic views, his and her dressing rooms and baths. Elevator, greenhouse, pool, cabanas.

345 Golden Gate Ave, Belvedere, CA 94920

345 Golden Gate Ave, Belvedere, CA 94920

345 Golden Gate Ave, Belvedere, CA 94920

345 Golden Gate Ave, Belvedere, CA 94920

345 Golden Gate Ave, Belvedere, CA 94920

345 Golden Gate Ave, Belvedere, CA 94920


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      1140 Brooklawn Drive, Bel Air, CA 90077 with 3 bedrooms, 4 baths, and 3,743 sq.ft. is listed for dale at #3,895,000


1140 Brooklawn Dr, Los Angeles, CA 90077

Unbelievable value and opportunity to live in Holmby Hills in this exceptional gated family estate with a classic design and mid century flair. From the moment you enter you are met with vast living spaces, Great Room with soaring ceilings and walls of windows that wash the home with natural light and lead to an entertainers private garden patio. Wonderful formal dining room and a large eat in kitchen with fireplace. There are 2 bedrooms down including the master suite with a sumptuous custom designed master bathroom and huge walk-in closet. There is a second floor with a guest room or could be a private office. Enjoy luxury living at its best!

1140 Brooklawn Dr, Los Angeles, CA 90077

1140 Brooklawn Dr, Los Angeles, CA 90077

1140 Brooklawn Dr, Los Angeles, CA 90077

1140 Brooklawn Dr, Los Angeles, CA 90077

1140 Brooklawn Dr, Los Angeles, CA 90077

 #2      30333 Morning View Drive, Malibu, CA 90265 with 8 bedrooms, 9 baths, and 12,340 sq.ft. is listed for sale at $14,995,000.

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Malibu panoramic ocean view equestrian estate set on approx. over 5.4 flat acres. Exceptional access to riding trails, on property and in neighborhood, as well as a short distance to organic grocery, restaurants and Starbucks. Estate is agriculturally zoned and has a picturesque barn with 10 stalls and a 16 ft center isle, combined with flat acreage and big ocean views, make it a one-of-a kind Malibu property in coveted Malibu Park. Private and serene, this estate is grand in scale. Once inside, you are greeted with a spectacular 2 story entry with sweeping double staircase-reminiscent of the Plaza Hotel in NYC. This home features a one of a kind Ballroom that is known to be one of the largest residential rooms in Malibu. The Ballroom is over 3 stories high, has magnificent ocean views, seats over 300 people and has been used by many famous singers as a recording studio because of its unparalleled acoustics. As well, there is approx. over 12,000 square feet of living space, 8 bed and 9 bath. A must see.

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#3       711 N Oakhurst Drive, Beverly Hills, CA 90210 with 5 bedrooms, 6 baths, and 5,535 sq.ft. is listed for sale at $10,995,000.

711 N Oakhurst Dr, Beverly Hills, CA 90210

Located in the prime Beverly Hills Flats, this Elegant Villa is situated on an almost 20,000 sq.ft. lot with an ample circular front driveway and motorcourt with an expansive backyard. Enter into the foyer that leads to the graceful formal living room with fireplace. Exquisite features throughout include hardwood and  marble floors, high coffered and backlit ceilings, and intricate paneling and moldings. Additional public rooms on the main level include the formal dining room, spacious family room with fireplace and built-ins, with a beautiful gourmet kitchen including abundant cabinetry, large center island, professional appliances, and breakfast area with French doors opening to the back patio. The private master suite is situated on the main level & offers a sumptuous bath with dual vanities, spa tub and separate shower. 4 add'l bedroom suites  and powder room complete the interior. The backyard is a private oasis offering great space for relaxation and entertaining with sprawling lawns, pool, spa, patios, and pergola.

711 N Oakhurst Dr, Beverly Hills, CA 90210

711 N Oakhurst Dr, Beverly Hills, CA 90210

711 N Oakhurst Dr, Beverly Hills, CA 90210

711 N Oakhurst Dr, Beverly Hills, CA 90210

711 N Oakhurst Dr, Beverly Hills, CA 90210

711 N Oakhurst Dr, Beverly Hills, CA 90210

711 N Oakhurst 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      9723 NE 13th Street, Clyde Hills, WA 98004 with 5 bedrooms, 6 baths, and
5,545 sq.ft. is listed for sale at $3,478,000

9723 NE 13th St, Clyde Hill, WA

Located in quiet Clyde Hill and close to downtown Bellevue with magnificent Mt. Rainier and city views. Open-circular floor plan with guest suite and office in main, master and 3 bedrooms plus media upper. Total 4 bedrooms suites and the 5th has its own bath. Exquisite finishes and appliances. Wall of retractable glass doors to covered outdoor living featuring BBQ and fireplace: cozy and peaceful. Built in audio and central vac. $80k+ window treatments Excellent Schools nearby. Truly a BEAUTY!

9723 NE 13th St, Clyde Hill, WA

9723 NE 13th St, Clyde Hill, WA

9723 NE 13th St, Clyde Hill, WA




9723 NE 13th St, Clyde Hill, WA



9723 NE 13th St, Clyde Hill, WA


#2     9033 Lake Washington Blvd. NE, Bellevue, WA 98004 with 4 bedrooms, 4 baths, and 6,802 sq.ft. is listed for sale at $6,200,000.

9033 Lake Washington Blvd Ne, Bellevue, WA 98004

This exciting Lake Washington estate lets you experience vacation living every day while being in the center of beautiful Bellevue. This gated luxury estate is bathed with southern light and views over Meydenbauer Bay. A gated entrance ensures your quiet oasis is your private treasure. Timeless mediterranean style, a gracious floor plan with handsome details offers inspiring possibilities. Imagine sunrise on the terrace, tennis on the court or smores at the beach. Great moorage!

9033 Lake Washington Blvd Ne, Bellevue, WA 98004

9033 Lake Washington Blvd Ne, Bellevue, WA 98004

9033 Lake Washington Blvd Ne, Bellevue, WA 98004

9033 Lake Washington Blvd Ne, Bellevue, WA 98004

9033 Lake Washington Blvd Ne, Bellevue, WA 98004

9033 Lake Washington Blvd Ne, Bellevue, WA 98004

#3       5207 146th Street SE, Bellevue, WA 98006 with 4 bedrooms, 3 baths, and 
3,710 sq.ft. is listed for sale at $2,250,000.

5207 146th Ave Se, Bellevue, WA 98006

Expansive views of Seattle and Olympics views make this 2007 custom built residence truly unique. Inspired by mid-century design with butterfly roof, walls of windows and natural materials to seamlessly blend interior space w/nature. Custom fir cabinets, gourmet kitchen, mahogany floors, ironwood terraces and solar panels. Bellevue's Hilltop Community is an enclave of architecturally designed homes rooted in stewardship for the environment. Amenities include 1.5 mile trail, play field, swimming pool and tennis.

5207 146th Ave Se, Bellevue, WA 98006

5207 146th Ave Se, Bellevue, WA 98006

5207 146th Ave Se, Bellevue, WA 98006

5207 146th Ave Se, Bellevue, WA 98006

5207 146th Ave Se, Bellevue, WA 98006

5207 146th Ave Se, Bellevue, WA 98006

5207 146th Ave Se, Bellevue, WA 98006

5207 146th Ave Se, Bellevue, WA 98006

5207 146th Ave Se, Bellevue, WA 98006

5207 146th Ave Se, Bellevue, WA 98006

Today's Mortgage Rates                                                                     12 month

ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.52%3.48%+0.043.34%4.11%
15 Yr FRM2.84%2.80%+0.042.69%3.30%
FHA 30 Year Fixed3.35%3.30%+0.053.15%3.75%
Jumbo 30 Year Fixed3.66%3.61%+0.053.41%3.93%
5/1 Yr ARM2.90%2.87%+0.032.80%3.10%
Mortgage Rates Highest Since Before Brexit
Oct 5 2016, 3:43PM



Mortgage Rates were higher again today, following much stronger-than-expected economic data.  A key index that tracks the health of the services sector recovered from last month's 6-year lows, hitting the best level in nearly a year today.  Stronger economic data generally puts upward pressure on rates.  Not all data is as potent in that regard, but today's report from the Institute for Supply Management (ISM) is one of the biggies. 

Rates also remain under pressure in a general sense because market participants increasingly wonder if Europe is at a crossroads with respect to its bond-buying program.  More simply put, the European Central Bank might slow down its bond buying, and central bank bond-buying is why rates are as low as they are.

Rates have now returned to their highest levels since before the UK voted to leave the European Union (Brexit) in late June.  For most lenders, that means conventional 30yr fixed quotes of 3.5-3.625% for strong scenarios.

Loan Originator Perspective


Rough couple days for rates, but hopefully we have found support at 1.73 on the benchmark 10 year treasury note. Following the strategy of float the highs of the range and lock the lows, i favor floating overnight.  This is risky as non farm payrolls data hits Friday morning and it always has the chance to move rates in a big way.  -Victor Burek, Churchill Mortgage

Bonds posted further losses today, and rates rose as a result.  It's now obvious the trend is NOT our friend at the moment, and that means (to me) lock sooner, not later.   Fortunately, the selloff has been orderly so far, haven't had any "face melting" days when rates worsened multiple times.  Betting against the house is typically a bad move, and right now, the house says bonds are selling off.  Float at your own risk. -Ted Rood, Senior Originator

Today's Best-Execution Rates

  • 30YR FIXED - 3.5-3.625%
  • FHA/VA - 3.25%
  • 15 YEAR FIXED - 2.75-2.875%
  • 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.  Most importantly, have a great day!

      Tom Furino

      email:                 furtree@msn.com 
      phone/text        619-944-8749