Thursday, August 23, 2018

Today's Top  Mansions 

Which one is your favorite?

Check out "Today's Top 3 Mansions" everyday at  

#1    2147 Ravensfield Lane, Los Angeles, CA 90077 is listed for sale at $19,999,700.

24 Hour Guard Gated Mansion in Bel Air Crest. Featuring 11 Bedrooms,  15 Bathrooms with attached Guest / Staff Quarters, featuring over 22,000+ Indoor / Outdoor Living Space with Walls of Glass. Unbelievable Master Bedroom with Private Sitting Area, Motorized Drapes, Balcony overlooking the Infinity Pool with Colored LED Lights. Professional Gourmet Kitchen Dream. Host a Movie Screening with 20+ of your closest friends in the Theater Room. Amazing Home Wine Cellar with 2,550 bottles, and Dining for 8 that should be featured in Wine Connoisseur Magazine. Ultimate Entertainment Level Featuring 2 Guest Rooms & Attached 4 Bedroom / 3 Bathroom Staff Quarters. Commercial Style Elevator to access all 3 floors. Easy Access to the 405 Fwy, UCLA & LAX.

#2   7059 El Vuelo Del Este, Rancho Santa Fe, CA 92067 is listed for sale at $14,995,000   

Beautifully positioned on a peaceful cul-de-sac in the Covenant of Rancho Santa Fe, this exquisite 8 bedroom, 10 bath, 15,647 sq.ft. home has been expertly remodeled by well-known master builders Emilio and Sons. Beyond a private, gated entry, a waterfall, and tranquil lily ponds, the time-honored residence weaves classic materials with current comforts to create an estate where fond memories will be created for years to come. Entertaining on a grand scale and casual gatherings are accommodated both indoors and outdoors, where mature trees and landscaping provide dappled shade. Enchanting grounds encourage poolside recreation, relaxing in the spa, playing tennis, and practicing your short game on the putting green. Fun continues indoors with a 12-seat media room, billiards/game room, and a wine-tasting and poker room with adjacent cigar-friendly patio. A richly appointed library/office with arched and coffered ceiling, wet bar and fireplace, is large enough to host meetings. Professionally designed and appointed, the kitchen hosts an adjacent butler's pantry. Additionally, a well-positioned wet bar and several refreshment stations are featured throughout the property. Thoughtfully arranged, the floorplan boasts a stunning main-floor master suite with retreat, refreshment bar, private laundry facility, and two luxurious bathrooms with two large custom walk-in closets. Upstairs, four oversized bedroom suites provide a superior level of accommodation with fireplaces and balconies. Detached for maximum privacy, the guest house reveals a gym and spa, while fragrant roses and an orchard, abundant with orange, lemon, lime, fig and avocado trees, in addition to organic vegetables, provides farm-to-table delights fresh from the garden year-round. An 11-car garage with workshop and television retreat is the ultimate car-enthusiast haven. Located within the highly rated Rancho Santa Fe School District, with immediate access to more than 50 miles of the community's famed riding and walking trails, this outstanding property and all of its exceptional amenities will capture your heart and awaken your senses. 

#3    1721 River Oaks Blvd., Houston, Texas 77019 is listed for sale at $10,950,000. 

This elegant Georgian style home with 6 bedrooms, 15 baths and 16,931 sq.ft. is situated on 1+ acre in a prime River Oaks location. Originally built in 1939, the current owner significantly updated the home in 1999 with room additions, fresh interiors, and upgraded systems. Designed for entertaining on a grand scale with an inviting foyer, beautifully appointed formal living and dining room, wine cellar, movie theater, extensive butler's pantry, breakfast room, gourmet kitchen, and more. Luxurious master suite and magnificent closets!

The 100 Top Luxury Real Estate Markets Medium Home Values

"Today's Top 3 Mansions"

#1       The median home value in Los Angeles, CA 90077 is $2,648,400. 90077 home values have gone up 6.3% over the past year and it is predicted they will rise 2.5% within the next year.

#2   The median home value in Rancho Santa Fe, CA  92067 is $2,780,800. 92067 home values have declined -1.1% over the past year and it is predicted they will fall -0.8% within the next year. 

#3     The median home value in Houston, Texas 77019 is $531,500. 77019 home values have gone up 11.7% over the past year and Zillow predicts they will fall -0.4% within the next year.

Zip Code     Location                        County                   2017 Medium Sale Price

Today's Mortgage Rates

Mortgage Rates Extend Steady Streak
Aug 22 2018, 3:45PM

Mortgage rates haven't really moved for 9 straight business days.  Some lenders have seen microscopic improvements during that time, but the average lender is still quoting the same rates and fees seen on August 13th.

The underlying bond market is part of the problem.  Bonds--which dictate rates--haven't been too interested in responding to conventional inputs.  The bonds that underlie mortgages are especially guilty (compared to, say, US Treasuries which are more willing to respond to news and events at the moment).

That doesn't mean nothing can happen that would have an effect, simply that the stuff that has happened hasn't been enough to move the needle.  When market participants return in full force in mid-September, this seasonal pattern typically changes.  It could even happen sooner, but until then, it's keeping the risk/reward spectrum very muted for those considering locking vs floating.
52 Week Range          Today   Yesterday           Low/High 

30 Yr FRM4.62%4.63%-0.013.84%4.79%
15 Yr FRM4.13%4.13%--3.12%4.22%
FHA 30 Year Fixed4.37%4.37%--3.35%4.50%
Jumbo 30 Year Fixed4.34%4.35%-0.014.10%4.81%
5/1 Yr ARM3.96%3.97%-0.013.10%4.02%
Looking for more information?  Have a comment regarding any of my choices for Today's Top 3 Mansions?  Please email me at  Most importantly have a great day!

Tom Furino