Thursday, November 1, 2018


Today's Best Mansions


Which one is your favorite?   Check out "Today's Top Three Mansions" everyday at: todaysbestmansionsforsale.com   


#1    520 West 28th Street, PH 37, New York, NY 10001 with 5 bedrooms,   7 baths and 3,853 sq.ft. is listed for sale at $50,000,000.




This spectacular penthouse has the truly rare combination of architectural integrity, incredible indoor/outdoor entertaining options, and a special location - all in a first class boutique private building with pool, spa, IMAX and parking.Designed inside and out by Dame Zaha Hadid, this three-level penthouse is united by a three-level sculptural stair alongside a private internal elevator. The roof level includes a 2000-square foot terrace wrapping around an interior lounge and pavilion, with views of the Chelsea skyline, The High Line and the Empire State Building, making it the perfect venue for cocktails for 100 or a relaxing Sunday at home.The level of interior detailing is remarkable on every level, including features such as 10-foot wide motorized windows, distinctive curved window detailing, sculptural kitchen islands, high ceilings and custom wall-paneling ready for your art collection. 







#2 9425 Sunset Blvd., Beverly Hills, CA 90210 with 8 bedrooms, 14 baths and 12,100 sq.ft. is listed for sale at $40,000,000




An impressive tree-lined private driveway leads to a French country estate in prime A-plus location in the heart of Beverly Hills. Eight bedrooms, ten full bathrooms, and four half bathrooms on over an acre flat lot. Main home plus two separate detached guest houses, 60-foot-long resort style pool and spa, north-south facing tennis court, 15 seat home theater, surround sound systems in four additional television viewing areas, high-end fitness center, seven fireplaces, full professional bar, and staff quarters. No expense was spared in this automated smart home with designer kitchen plus secondary kitchen. The extensive remodel includes handmade custom milled cabinetry with the finest details of true old-world craftsmanship blended with modern day conveniences. This turnkey estate comes loaded with every detail thought through.


















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#3     46 Deep Sea, Newport Coast, CA 82657 with 6 bedrooms, 10 baths and 10,000 sq.ft. is listed for sale at $36.000,000.




This new construction FRONT ROW custom estate in Crystal Cove's ultra exclusive and highly secure second gated community showcases sweeping unobstructed ocean views and superior construction. This extraordinary property will be completed (estimated) August 2019, due to the meticulous detail and craftsmanship involved in its structure and design. This home uses hand-laid stone from Italy and Spain and is being offered at mid-construction, allowing for flexibility for its new owner to specify interior finishes and fixtures if desired. This unique property not only offers a palatial nearly 14,000 SF home, but is 95% self sustaining, energy independent, using state-of-the-art technology in an ultra smart home. The house features 6 bedrooms, including one on the main floor and a guest suite in the basement, 10 bathrooms, a 3500 SF garage with 4 TESLA charging stations with 8 car capacity, and a fully equipped kitchen, ideal for catering. The house embodies the finest stylistic essence of a five-star resort inside and out, featuring a 78' triangular infinity pool, showcasing a custom glass wall, superb landscape and lush tropical foliage. This picturesque estate is abundant with rich elements, textures and refined elegance in one of Newport Coasts most exclusive locales.












100 Top Luxury Real Estate Markets Medium Home Values for 2017 compared to 2018 YTD


Zip Code     Location                           2017/2018 Medium Sale Price

Today's Mortgage Rates

Mortgage Rates Are Actually a Bit Higher This Week
Nov 1 2018, 4:12PM

It's Thursday!  That means it's time, once again, to set the record straight on today's actual mortgage rates as opposed to those suggested by almost any other news article on the topic today.  Why should you trust me as opposed to a multitude of financial journalists telling you something else?  Simply put, they're relying on Freddie Mac's weekly mortgage rate survey (which can be unavoidably stale) whereas I'm using a multitude of actual lender rate sheets to derive a highly reliable/accurate average.  Those using Freddie's numbers are relying predominantly on lender quotes from Monday and Tuesday whereas I've updated my averages in just the past hour, and for the 2nd time today!

Because the Freddie survey is always based largely on Mon/Tue numbers, the higher rates at the beginning of last week set a high baseline for this week's survey.  In fact, if we compare actual lender rate sheets from Mon/Tue only, this week's rates are indeed lower.  The issue is that last week's rates dropped noticeably by Friday.  Since then, they'd risen noticeably through this morning before moderating somewhat lower this afternoon.
The net effect is current rates that are slightly HIGHER than those seen last week.  Granted, this distinction is akin to splitting hairs for most prospective borrowers, but it's nonetheless important not to expect today's rates to be lower than Fridays.  Prospective borrowers may well infer such a thing based on other news articles and then wonder if their friendly neighborhood loan originator is shooting straight with them.  

Tomorrow continues to be a potentially important day for rates as the big jobs report is more than capable of causing volatility, for better or worse.



                                                                                                                      52 Week
ProductTodayYesterdayChange    LowHigh

30 Yr FRM4.97%4.97%--3.93%5.02%
15 Yr FRM4.46%4.46%--3.25%4.50%
FHA 30 Year Fixed4.46%4.45%+0.013.50%4.62%
Jumbo 30 Year Fixed4.46%4.44%+0.024.12%4.81%
5/1 Yr ARM4.50%4.48%+0.023.15%4.52%