Wednesday, February 28, 2018


Today's Best Mansion.


It's lavish. It's huge. It's grand. It's expensive.


#1      1469 Bel Air Road, Los Angeles, CA 90077 with 7 bedrooms, 12 baths and 12,500 sq.ft. is listed for sale at $24,500,000.

1469 Bel Air Rd, Los Angeles, CA 90077

On Billionaire Row sits Bel Air's newest and most exciting property. Amalfi Bel Air represents the expression of experienced builder Chuck Taylor. Approximately 14,500 sf of indoor/outdoor living space. Clean lines and bright interiors blend in a modern Mediterranean canvas, an homage to Italy's revered coast. A feeling of expansion leads to a stunning great room where automated Fleetwood glass doors seamlessly slide open to canyon, city and ocean views stretching to Catalina Island. Entertain in the living room, dining room, study, upstairs congregation/media area or lower level wine room, home theater and party lounge. Retreat to the sumptuous master wing with large office and private lanai. Surrounded by lemon trees, Eucalyptus and privacy hedges, the outdoors complement the serenity of Bel Air with living spaces, hidden TV, BBQ, putting green, spa and zero-edge infinity pool.The stage is further set with a hidden panic room, custom artwork, furnishings and seamless "smart home" automation. 

1469 Bel Air Rd, Los Angeles, CA 90077


1469 Bel Air Rd, Los Angeles, CA 90077



1469 Bel Air Rd, Los Angeles, CA 90077


1469 Bel Air Rd, Los Angeles, CA 90077


1469 Bel Air Rd, Los Angeles, CA 90077


1469 Bel Air Rd, Los Angeles, CA 90077


1469 Bel Air Rd, Los Angeles, CA 90077


1469 Bel Air Rd, Los Angeles, CA 90077

1469 Bel Air Rd, Los Angeles, CA 90077


Today's Top Real Estate News.

Home Prices Start to Slow Their Gains.  Seattle continues to lead all the cities tracked by Case-Shiller. Its annual price increase in December was 12.7 percent.
By Jann Swanson
Mortgage News Daily


10032 NE 115th Lane, Kirkland, WA 98033 with 2 bedrooms. 3 baths and 2,303 sq.ft. listed for $878,000 is now contract pending `after 10 days on the market.

Like one of those one-a-decade astrological anomalies, issuance of three home price reports for December along with a quarterly summary coincided today. As usual, S&P CoreLogic Case-Shiller, Black Knight, and the Federal Housing Finance Agency all posted different numbers reflecting their different universes and methodologies, but all showed, in the words of Case- Shiller's David M. Blitzer, that gains in housing may be leveling off.  

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.3% annual gain in December, up from 6.1% in the previous month. The Index was 0.2 percent higher than in November before seasonal adjustment and 0.7 percent afterward.

The 10-City Composite Index rose 6.0 percent on an annual basis, the same rate of annual appreciation as in November, and the 20-City Composite was up 6.3 percent, easing 0.1-point easing from the previous month.

Both Composites rose 0.2 percent higher unadjusted and 0.6 percent after adjustment. Twelve of the 20 cities reported increases in December before seasonal adjustment, while all 20 cities did so when adjusted.  

Seattle continues to lead all the cities tracked by Case-Shiller. Its annual price increase in December was 12.7 percent.  Las Vegas, and San Francisco follow with gains of 11.1 percent and 9.2 percent respectively. Nine cities reported greater price increases in the year ending December 2017 versus the year ending November 2017.  

"The rise in home prices should be causing the same nervous wonder aimed at the stock market after its recent bout of volatility," Blitzer, Managing Director and Chairman of the Index Committee, said.  "Across the 20 cities covered by S&P Corelogic Case Shiller Home Price Indices, the average increase from the financial crisis low is 62 percent; over the same period, inflation was 12.4%.

 None of the cities covered in this release saw real, inflation-adjusted prices fall in 2017. The National Index, which reached its low point in 2012, is up 38 percent in six years after adjusting for inflation, a real annual gain of 5.3 percent. The National Index's average annual real gain from 1976 to 2017 was 1.3 percent. Even considering the recovery from the financial crisis, we are experiencing a boom in home prices.

"Within the last few months, there are beginning to be some signs that gains in housing may be leveling off. Sales of existing homes fell in December and January after seasonal adjustment and are now as low as any month in 2017. Pending sales of existing homes are roughly flat over the last several months. New home sales appear to be following the same trend as existing home sales. While the price increases do not suggest any weakening of demand, mortgage rates rose from 4 percent to 4.4 percent since the start of the year. It is too early to tell if the housing recovery is slowing. If it is, some moderation in price gains could be seen later this year."



As of December, average home prices for the metros tracked by the composites are back to Winter 2007 levels. The National Index has surpassed its previous pre-crash peak by 6.3 percent while the two composites still lag theirs slightly. The 10-City is 3.5 percent lower and the 20-City is down 1.0 percent.

Black Knight puts the annual gain in its Home Price Index (HPI) at year's end at 6.62 percent, a slight increase from the year-over-year increase in November, 6.44 percent.  It was the 68th straight month of annual price appreciation. The national Home Price Index (HPI) was $283,000.  

While the annual price changes haven't yet caught up, Black Knight has been reporting steadily decreasing monthly appreciation since a March peak of 1.3 percent. The November to December change was 0.1 percent, the lowest since last January. 

New York continued to lead all states in price gains. The month-over-month increase was 1.71 percent, more than twice that of second place Nevada at 0.81 percent.  Other strong movers were Georgia (0.69 percent), South Carolina (0.60 percent), and Colorado (0.54 percent.)

Six of the nation's 20 largest states hit new price peaks but prices fell in nine others. In Ohio the HPI was down 1.13 percent and seven of the 10 worst performing metros were in the state. Prices were also down in Michigan, California, and Pennsylvania.

Results were uneven in metro areas as well. Eleven of the 40 largest established new price peaks while prices fell in 20.  Among those were Los Angeles, Philadelphia, and Boston.

The Federal Housing Finance Agency is in close agreement with Black Knight regarding the December to December price change, putting it at 6.7 percent, bettering the annual gain in November by 0.2 point. FHFA House Price Index rose 0.3 percent compared to November. The increase from the third quarter was 1.67 percent.  

"Home price appreciation in the fourth quarter showed absolutely no letup throughout the U.S.," said Dr. Andrew Leventis, Deputy Chief Economist.  "As we begin to evaluate home prices in the first quarter, we will monitor whether new headwinds-higher mortgage rates and changes in tax laws-will lead to any moderation in the rate of house price growth."

Appreciation remained strong nationwide; Mississippi was the only state where prices did not rise between the fourth quarter of 2016 and the same period in 2017 and increases were posted by all 100 of the largest metro areas. The top five areas in annual appreciation were the District of Columbia at 14.3 percent; Washington 12.0 percent; Idaho 11.5 percent; Nevada 11.5 percent; and Utah 10.7 percent. 

Of the nine census divisions, the Mountain division experienced the strongest four-quarter appreciation, posting an 8.8 percent gain between the fourth quarters of 2016 and 2017 and a 2.3 percent increase in the fourth quarter of 2017.  Annual house price appreciation was weakest in the Middle Atlantic division, where prices rose 5.3 percent between the fourth quarters of 2016 and 2017. 

The HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.  Black Knight's HPI utilizes repeat sales data from public records and the company's own loan-level mortgage performance data.
The S&P CoreLogic Case-Shiller indices have a base value of 100 in January 2000; thus, for example, a current index value of 150 translates to a 50 percent appreciation rate since January 2000 for a typical home located within the subject market. 

The National Index set another new all-time high in December; 196.23, up from the previous month's peak of 195.94.  The 10- and 20-City Composites had readings of 218.41 and 204.45 respectively.  Los Angeles claims the highest index reading at 270.16.  Cleveland has again claimed last place in its see-saw battle with Detroit. Its reading is 117.24

Today's Best San Diego Mansion


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The median home value in San Diego County is $565,000. San Diego County home values have gone up 7.1% over the past year and Zillow predicts they will rise 3.5% within the next year. 
The median home value in Coronado is $1,572,800. Coronado home values have gone up 3.8% over the past year and Zillow predicts they will rise 2.3% within the next year.

The median home value in La Jolla is $1,899,900. La Jolla home values have gone up 8.9% over the past year and Zillow predicts they will rise 4.2% within the next year.
               
The median home value in Solana Beach is $1,265,000. Solana Beach home values have gone up 13.9% over the past year and Zillow predicts they will rise 3.7% within the next year. 

The median home value in Del Mar is $2,309,800. Del Mar home values have gone up 3.7% over the past year and Zillow predicts they will rise 1.8% within the next year. 


The median home value in Rancho Santa Fe is $2,764,200. Rancho Santa Fe home values have gone up 5.8% over the past year and Zillow predicts they will rise 2.7% within the next year.


#1      2614 Ocean Front, Del Mar, CA 92014 with 3 bedrooms, 3 baths and 1,840 sq.ft. is listed for sale at $12,988,000.



This Mediterranean masterpiece, once owned by world famous Burt Bacharach, is located right on the sands of Del Mar Beach. As you enter through the custom-made glass door, you'll immediately feel a sense of calm. Each time you arrive home you are greeted by soothing sounds of the ocean's waves and breathtaking views of the water at every turn. You won't want to leave. (See supplement) The custom designs, impeccable attention to detail, and decor featuring exquisite imported stone, wood flooring, and many other custom features will delight you at this exclusive Del Mar oceanfront home. This home allows for the ultimate indoor-outdoor living experience. The great room with disappearing sliding doors opens onto the patio, such that you may enjoy your living area and private expanse of beach to its fullest potential. The picturesque master suite invites you to enjoy nightly ocean sunsets from the bedroom - your own private paradise. A second bedroom and third bedroom suite are perfect to host family and friends. The property features four parking spaces including the detached 2 car garage. Just a quick stroll down the beach to local favorites: Jake’s, Poseidon, Del Mar Pizza, Sbicca, Starbucks, Del Mar Plaza, the Brigantine and so much more.







Home Photos, House Images and Property Pics Gallery




Home Photos, House Images and Property Pics Gallery


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Today's Best Los Angeles Mansion


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The median home value in Orange County is $699,500. Orange County home values have gone up 4.2% over the past year and Zillow predicts they will rise 2.0% within the next year.

The median home value in Los Angeles County is $595,700. Los Angeles County home values have gone up 8.6% over the past year and Zillow predicts they will rise 3.3% within the next year.

The median home value in Newport Beach is $1,741,900. Newport Beach home values have gone up 5.7% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Santa Monica is $1,520,800. Santa Monica home values have gone up 9.0% over the past year and Zillow predicts they will rise 3.2% within the next year. 

The median home value in Pacific Palisades is $2,944,500. Pacific Palisades home values have gone up 9.8% over the past year and Zillow predicts they will rise 3.8% within the next year.

The median home value in Malibu is $3,169,400. Malibu home values have gone up 10.3% over the past year and Zillow predicts they will rise 4.0% within the next year.

The median home value in Bel Air is $3,513,900. Bel Air home values have gone up 6.7% over the past year and Zillow predicts they will rise 3.1% within the next year. 

The median home value in Beverly Hills, 90210 is $5,217,600. 90210 home values have gone up 9.5% over the past year and Zillow predicts they will rise 3.2% within the next year.

#1      2529 South Coast Highway, Laguna Beach, CA 92651 with 12 bedrooms, 

11 baths and 8,065 sq.ft. is listed for sale at $27,000,000.


Nestled into the Laguna coastline is a hidden grandeur unlike any other, spanning 120 feet of private oceanfront estate. This magnificent historic seaside estate was built in 1918-1921 by internationally renowned, Frank A. Miller, developer of the Mission Inn in Riverside, California and a leading figure in promoting Mission and Mediterranean influenced architecture in Southern California. Miller brought the same architect, crews and artistic ideas that he had used on the Mission Inn in Riverside to Laguna Beach to build “Mariona” for his second wife Marion and is one of the most spectacular estates built in America on the oceanfront of Laguna Beach. Known as the “Castle by the Sea” among  the Hollywood Elite. The exterior is adorned with red-tiled roofs, stone towers and ornamental chimneys and consists of a main residence with 5 bedrooms, 4 private villas and 2 attached guests rooms. Totaling 12 bedrooms and 11 bathrooms with breathtaking ocean views from every room. Private parking and motor court to park 16 plus cars. The historic Masterpiece hosted visitors such as The Duke of Alba, the famous philosopher and poet Henry Van Dyke, Betty Davis and many more. Smart home technology, security system, electonic gate and automated lighting. Environmentally friendly living succulent walls and roof, landscaped walkways and gardens with utmost privacy completes this home. E rated in the national registry and approved for the Mills Act property tax advantage. 

























Today's Best San Francisco Mansion
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The median home value in San Francisco County is $1,293,700. San Francisco County home values have gone up 12.8% over the past year and Zillow predicts they will rise 5.9% within the next year.

The median home value in Marin County is $1,094,700. Marin County home values have gone up 6.8% over the past year and Zillow predicts they will rise 5.1% within the next year. 

The median home value in Santa Clara County is $1,196,600. Santa Clara County home values have gone up 21.3% over the past year and Zillow predicts they will rise 8.5% within the next year.


The median home value in Tiburon is $2,638,200. Tiburon home values have gone up 6.1% over the past year and Zillow predicts they will rise 4.7% within the next year.

The median home value in Sausalito is $1,362,900. Sausalito home values have gone up 6.2% over the past year and Zillow predicts they will rise 3.9% within the next year. 

The median home value in Tiburon is $2,580,200. Tiburon home values have gone up 5.4% over the past year and Zillow predicts they will rise 3.4% within the next year
            
The median home value in Palo Alto is $3,010,700. Palo Alto home values have gone up 21.0% over the past year and Zillow predicts they will rise 8.3% within the next year.

The median home value in Los Altos is $3,262,900. Los Altos home values have gone up 17.9% over the past year and Zillow predicts they will rise 7.6% within the next year.     
  
    
The median home value in Saratoga is $2,816,200. Saratoga home values have gone up 18.0% over the past year and Zillow predicts they will rise 7.8% within the next year. 

The median home value in Atherton is $7,257,800. Atherton home values have gone up 16.9% over the past year and Zillow predicts they will rise 7.4% within the next year.

#1      989 Hayne Road, Hillsborough, CA 94010 with 5 bedrooms, 6 baths and 
6,635 sq.ft. is listed for sale at $5,750,000.



Elegance abounds in this original William Wurster design that was expanded and restored to perfection by renowned local architect Farro Essalat. Tucked away on approximately .73 acres of outstanding verdant grounds, 989 Hayne Road is a rare gem that is to be cherished for generations to come. Every feature of this five bedroom, five and one-half bath home offers the highest level of design, impeccable attention to detail, and masterful craftsmanship. The welcoming foyer with beautiful curved staircase is a fitting prelude to the grandly-proportioned interior spaces, which include a library, billiard room, huge family room and mud room. The delightful flow of this exceptional home extends to the incredibly-manicured grounds, offering beautiful planter beds, tranquil garden pathways, a rose garden, fire pit, superb outdoor kitchen, and spa with Bay views. This magnificent estate presents a unique opportunity for the discerning owner seeking that special, one-of-a-kind 
property. 




























Today's Best Seattle Mansion

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The median home value in King County is $608,000. King County home values have gone up 15.4% over the past year and Zillow predicts they will rise 6.0% within the next year.

The median home value in Kirkland is $727,500. Kirkland home values have gone up 21.3% over the past year and Zillow predicts they will rise 6.9% within the next year

The median home value in Seattle is $718,700. Seattle home values have gone up 16.2% over the past year and Zillow predicts they will rise 5.7% within the next year.

The median home value in Bellevue is $881,000. Bellevue home values have gone up 17.5% over the past year and Zillow predicts they will rise 5.8% within the next year.

The median home value in Mercer Island is $1,441,600. Mercer Island home values have gone up 8.1% over the past year and Zillow predicts they will rise 4.0% within the next year. 

The median home value in Clyde Hill is $2,680,500. Clyde Hill home values have gone up 18.3% over the past year and Zillow predicts they will rise 7.2% within the next year.

The median home value in Medina is $2,720,300. Medina home values have gone up 13.0% over the past year and Zillow predicts they will rise 5.8% within the next year.

#1      14 Crescent Ky, Bellevue, WA 98006 with 4 bedrooms, 4 baths and 3,910 sq.ft. is listed for sale at $4,288,500.


Nantucket beauty on 112 ft Lake Washington waterfront in popular Newport Shores. West fading Shingled home with tremendous appeal, gracious rooms, quality craftsmanship. Mullioned windows and French doors open out to expansive lakeside deck, lawns and gardens. Oak floors, custom details, kitchen-family rm, huge master suite, 2 boatlifts + ample yacht moorage. Community amenities incl playground, clubhouse, pool, tennis courts, yacht club. Great Bellevue Schools, easy access to Downtown Bellevue, Seattle.


















Today's Best Phoenix Mansion


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The median home value in Maricopa County is $252,400. Maricopa County home values have gone up 6.9% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Scottsdale is $435,800. Scottsdale home values have gone up 4.9% over the past year and Zillow predicts they will rise 1.4% within the next year.

The median home value in Carefree is $743,200. Carefree home values have declined -1.0% over the past year and Zillow predicts they will rise 0.4% within the next year. 

The median home value in Paradise Valley is $1,641,900. Paradise Valley home values have gone up 1.9% over the past year and Zillow predicts they will rise 1.0% within the next year.

#1     5035 North Invergordon Road, Paradise Valley, AZ 85253 with 8 bedrooms, 

9 baths, and 14,361 sq.ft. is listed for sale at $9,500,000.

 


This home is amongst the most exceptional European Estates in Paradise Valley. Its elegance andgrandeur put the property in a category of luxury all on its own. Two years in the making and built byNance Construction, this property was constructed with a rich palette of the finest finishes andunparalleled craftsmanship with the intention to impress. This magnificent double-gated home sits on avery private 2.25 walled acre lot with unobstructed Camelback views and features imported stoneflooringwith inlaid decorative marble detail and 9" carved Macedonian travertine baseboards,chef's kitchen complete with a Viking refrigerator/freezer, 2 Viking dishwashers, 60" oven, and Mieleespresso machine. 8 Beds and 9 full and 3half Ba 7 car garage, 602 sqft separate guest house w/fullk 8 fireplaces, extravagant ceiling fixtures, formal study w/fl to ceiling wood, fireplace and views of Camelback.




















Today's Best Colorado Mansion


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The median home value in Denver is $393,900. Denver home values have gone up 6.7% over the past year and Zillow predicts they will rise 2.9% within the next year.

The median home value in Avon is $587,800. Avon home values have gone up 6.0% over the past year.     

The median home value in Vail is $890,200. Vail home values have gone up 8.3% over the past year.   

The median home value in Snowmass Village is $1,043,900. Snowmass Village home values have declined -0.9% over the past year

The median home value in Aspen is $1,453,600. Aspen home values have gone up 2.6% over the past year.

#1      394 Beaver Dam Road, Vail, Colorado 81657 with 7 bedrooms, 6 baths and 
6,128 sq.ft. is listed for sale at $17,000,000.



Transcendent craftsmanship, superlative quality, and a desirable, thoughtful floorplan are hallmarks of this splendid, one-of-a-kind home. Situated on a private, level homesite in Vail's most prized neighborhood, just steps to the skiway. Stunning master suite. Renovated gourmet kitchen. Guest wing, perfect for extended family. Quiet, expansive patios for summertime entertaining. More work of art than just a home, this landmark Vail estate transports you to another place and time.







Today's Best Florida Mansion




The median home value in Naples 34102 is $602,800. Naples home values have declined -3.9% over the past year and Zillow predicts they will fall -0.1% within the next year. 

The median home value in Palm Beach is $907,800. Palm Beach home values have gone up 7.8% over the past year and Zillow predicts they will rise 0.2% within the next year.

The median home value in Key Biscayne is $1,106,500. Key Biscayne home values have declined -6.0% over the past year and Zillow predicts they will fall -4.5% within the next year.

The median home value in Boca Grande is $1,409,600. Boca Grande home values have gone up 2.9% over the past year and Zillow predicts they will rise 2.9% within the next year.

#1      26331 Woodlyn Drive, Bonita Springs, Florida 34134 with 6 bedrooms, 9 baths and 14,363 sq.ft. is listed for sale at $7,500,000.


A masterpiece, Bonita Bay's finest estate home. Cater to all wants and needs with 7 bedroom suites and retreats, auxiliary rooms including studies, theater, billiards room, gathering rooms, game room and more. Rolling gardens and sunning patios to the south and west, luxurious pool and spa with Bay Woods' private lake setting beyond. Expertly maintained touches including marble and wood flooring, faux painting and millwork. East and west garages to house 5 vehicles and more. Experience all that Bonita Bay offers with access to a private marina, community beach park, the finest club lifestyle available with the Bonita Bay Club's golf, tennis, unmatched fitness and spa facilities and more.































Today's Best New York Mansion


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The median home value in Brooklyn is $769,800. Brooklyn home values have gone up 12.6% over the past year and Zillow predicts they will rise 3.4% within the next year. 

The median home value in Manhattan is $1,396,100. Manhattan home values have gone up 17.7% over the past year and Zillow predicts they will rise 3.9% within the next year.

The median home value in Southampton is $1,507,400. Southampton home values have gone up 8.1% over the past year and Zillow predicts they will rise 3.0% within the next year.

The median home value in Bridgehampton is $1,897,700. Bridgehampton home values have gone up 8.2% over the past year and Zillow predicts they will rise 3.1% within the next year

The median home value in SoHo is $2,691,500. SoHo home values have gone up 2.5% over the past year and Zillow predicts they will rise 1.3% within the next year

The median home value in Tribeca is $3,111,100. Tribeca home values have declined -0.6%  over the past year and Zillow predicts they will rise 0.2% within the next year.

#1     53 West 53rd Street #17B, New York, NY 10019 with 4 bedrooms, 4 baths and 4,220 sq.ft. is listed for sale at $13,900,000.



40 Franklin Street situated on the highly coveted corner of Franklin and Varick Streets is considered one of Tribecas most important landmarked loft buildingsan architectural masterpiece built in 1887. Designed by Albert Wagner, the architect of the famous Puck Building, with a lobby specially commissioned by world-renowned artist Sol LeWitt.
Residence 2B offers 6,226 of contiguous square feet. This perfectly laid-out home boasts 12-ft ceilings, double-hung windows measuring over 9 ft, individually zoned central AC, large laundry room, wide plank oak wood floors and surround sound throughout.
This exquisite architecturally designed home was conceived with the finest of materials and offers 2 master suites, 4 additional bedrooms, 4 full baths, a karaoke room, and powder room for guests. The sprawling great room measures 100 ft wide with a panoramic windows and excellent light. The living area is punctuated by a wood-burning fireplace and floor-to-ceiling steel casement doors that lead to an oversized corner library with picture perfect views. The open kitchen with banquette and butlers pantry is delineated by the original steel columns features all state-of-the-art appliances. The current master suite is tucked away affording privacy and serenity, and offers 2 customized dressing rooms and luxurious master bath. Off the gracious entry foyer, there is another master suite plus 3 sizable bedrooms, a staff room, 2 additional baths and a large flex space, currently used as study/play area. Finally, on the north end lies a guest suite with en-suite bath.  This urban manse is the ideal for grand entertaining and luxe living. Residence 2B comes with 2 storage units, which currently serve as temperature-controlled wine storage. 140 Franklin is a boutique condo with 24-Hr doorman and on-site super offering the most exclusive living in Tribeca. Buyer is responsible for capital contribution equivalent to 6-months of common charges paid upon transfer of unit
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Today's Best Mortgage Rates.   

Mortgage Rates Snap Right Back to 4-Year Highs
Feb 27 2018, 4:38PM


It was a good run for mortgage rates, relative to the rest of 2018, but after spending 3 days in a row with mild-to-moderate improvements, rates quickly snapped back to multi-year highs today.  The general trend in 2018 as well as the general level of volatility deserve some of the credit.  The bonds that underlie mortgage rate pricing actually aren't quite back to last week's levels.  Lenders are simply quicker to adjust things for the worse when the trend has been unfriendly and when the prices of those underlying bonds have been jumping around as much as they have.

The other part of the credit goes to the market's interpretation of comments made by new Federal Reserve Chair Jerome Powell, who gave his first semi-annual congressional testimony today.  Powell didn't do or say anything wrong.  In fact, he did a great job conveying what recent speeches and policy documents suggest we already know about the Fed's policy stance. 

The only issue was one of his comments was open to the interpretation of pointing toward an additional rate hike in 2018.  Many market participants were already planning on that rate hike, but the prevailing view was for a slightly slower pace.  After the Powell comment (he simply said he thinks the economic outlook is stronger now than he did in December), some of the investors in the "prevailing view" camp shifted their rate hike outlook to the "additional hike in 2018" camp.  That was enough for mid-day bond market weakness and widespread lender adjustments to higher rates in the middle of the day

52 Week Mortgage Rate Range


ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.58%4.52%+0.063.84%4.58%
15 Yr FRM3.93%3.89%+0.043.12%3.93%
FHA 30 Year Fixed4.38%4.32%+0.063.35%4.38%
Jumbo 30 Year Fixed4.60%4.55%+0.054.10%4.60%
5/1 Yr ARM3.58%3.55%+0.033.01%3.58%


Looking for more information?  Have a comment regarding any of today's mansions? 
Please text or email me at 619-944-8749 or furtree@msn.com.   Most importantly have a great day!

Cordially,  

Tom Furino  

PS.   Thank you for reading my blogs. Today's Best Mansions has now been read by over 150,000 individuals!