Friday, November 30, 2018

Today's Best Mansions

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

#1   11 West 10th Street, New York, NY with 8 bedroom, 9 bath, and 16,650 sq.ft. is listed for sale at $59,500,000.


This 55-Ft. Wide Single-Family Mansion is a magnificent 55-foot wide renovated single-family mansion, wonderfully located just off Fifth Avenue on the "Gold Coast" of Greenwich Village. This exceptional residence affords approximately 16,560 square feet indoors, with soaring ceilings reaching 21 feet high, a commercial-grade elevator which swiftly serves all levels from the cellar to the top floor, and a Crestron smart home system that controls all aspects of the home on a room by room.

11 /13 W 10th St, New York, NY 10011

#2 8585 Old Cutler Road, Coral Gables, Florida 33143 with 7 bedrooms, 9 baths, and 13,184 sq.ft. is listed for sale at $37,000,000

The 205 ft waterfront takes stage at the exceptionally detailed 7 bedrooms, / 8.5 baths home spread over 4 magnificent acres. Complemented by elegant interior, a great foyer leads to spacious living areas, gourmet kitchen with sleek stainless-steel appliances, breakfast area, a formal dining room and a luxurious master suite upstairs with bathtub and marble floors. The property comes outfitted with amenities like a pool, spa, koi pond, tennis court, summer kitchen, barbeque area, large wine cellar, gym, game room, movie theater room and its own dock, providing boaters easy access to the bay and beyond.



#3     3111 Ocean Front Walk, Marina Del Rey, CA 90292 with 5 bedrooms, 7 baths, and 8,000 sq.ft. is listed for sale at $17,000,000.

Loft, 2nd Story Family Room, Den, FamilyRoom, Media/Music Room, Office, Walk-In Closet,
more. A must see.


100 Top Luxury Real Estate Markets Medium Values 12 months 2017 compared to 2018 YTD

Zip Code     Location                           2017/2018 Medium Sale Price

Mortgage News Daily: Today's Mortgage Rate

MND's Daily Rate Survey
52 Week
30 Yr FRM4.84%4.93%-0.093.96%5.05%
15 Yr FRM4.35%4.43%-0.083.30%4.53%
FHA 30 Year Fixed4.37%4.44%-0.073.55%4.62%
Jumbo 30 Year Fixed4.52%4.58%-0.064.12%4.81%
5/1 Yr ARM4.75%4.74%+0.013.19%4.75%

Mortgage Rates Surge Lower

Nov 29 2018, 4:28PM

Mortgage rates surged lower today, falling at the fastest single-day pace in more than a year.  In order to see the average lender offer lower rates, you'd need to go back to October 2nd at least.  For many lenders, it would be a few weeks before that.  Granted, this merely restores rates to what had been 7-year highs at the time, but you know what they say about journeys of 1000 steps and what not.

Much of the improvement was driven by an ongoing reaction to a speech by Fed Chair Powell from yesterday.  Markets perceived Powell as softening his stance on rate hikes.  US markets reacted to that yesterday, but European and Asian markets took their turn overnight.  The opening levels in US markets (which have a bearing on mortgage rates) are heavily influenced by overseas trading during the night.  The bigger the overseas movement is, the bigger the domestic effects can be.

With all of the above in mind, bond markets began the day in the strongest territory since mid-September.  Given that US markets had already undergone their reaction to Powell, bonds began to erase some of the overnight gains.  Most lenders didn't end up raising mortgage rates to account for that market weakness, so it will be passed along with tomorrow morning's rate sheets unless there's another big market move overnight.