Wednesday, November 28, 2018

Today's Best Mansions

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

#1  46 Hilderwith Lane, Sagaonack, NY 11962 with 7 bedrooms, 7 baths and 13,000 sq.ft. is listed for sale at $20,000,000.

This stunning custom contemporary sits on 1.25 private acres incoveted Sagaponack. A unique estate includes floor-to-ceiling custom windows and glass doors, surrounding an infinity edge pool. Open the front door to ashow stopping foyer that leads to a vast living room with stacked stone open fireplace and grand piano. 8 bedrooms, 8.5 baths, 4 fireplaces, amazing eat in gourmet kitchen (you have never seen any thing like it) and a 4-car garage do not even begin to describe the first level! The lower level includes an immense dining hall, huge wine cellar, guest suite, theater and spa. An infinity edge pool glistens serenely, overlooking Poxabogue Pond and spell-binding western sunsets to capture and soothe your senses. You have heard of must see's"...this one truly is!! 


#2    1451 Alta Lake Road, Telluride, Colorado 81435  with 2 bedrooms, 3 baths, 2,170 sq.ft.  including 5 structures on 115 acres is listed for sale at $20,000,000.

A rare offering never available before. An intersection of civilization & the wild life. One homestead drawing you to amazing countryside near historic Alta Lakes & the other abode drawing you to incredible pleasures of Telluride. In the countryside, Gold Creek is a cluster of perfectly scaled artisan structures sitting amid towering aspen, tapering landscapes, soaring granite walls, sparkling creeks, spring fed fishing pond & sublime nature. 5 structures are discreetly tucked into the 115-acre parcel next to USFS: a Cottage, Writer's Cabin, Horse Barn, Carriage House & Power Shed. Add a measure of crisp mountain air, a dash of pine freshness, a sprinkle of morning dew & a huge dose of purest Mother Earth. Join hands, make plans, come on up & be inspired.


#3   1107 North Hillcrest Road, Beverly Hills, CA 90210 with 4 bedrooms, 5 baths and 4,5507 sq.ft. is listed for sale at $19,995,000.

Honoring its heritage of style, class & luxury, this recently restored masterpiece is a love song to Trousdale's original form. A blend of mid-century modern style & contemporary function, a work of art where futuristic systems control your every need. This is what the founders dreamed of. Enter through private gates & transport to a mid-century dream world, set upon an expansive ¾-acre lot w/jaw dropping views of LA & the Ocean. A quintessential mid-century roofline adorns a living space crafted around the finest California indoor-outdoor floor plan. Grand glass & marble entryway lead to a living room w/floor-to-ceiling sliders that open to a Slim Aarons-esque backyard & pool. Master fit for the most lavish lifestyle: Featuring luxurious bathroom w/double sinks & free standing marble tub, a walk-in closet, bar, & private outdoor lounge. Many dreamed of a lifestyle as sweet as this. You were born in the right time & earned it: don't miss out on the greatest memories of your life.

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

Zip Code     Location                           2017/2018 Medium Sale Price

Today's Mortgage Rate  

Mortgage Rates Hold Recent Low

Nov 27 2018, 4:47PM

52 Week
30 Yr FRM4.94%4.94%--3.95%5.05%
15 Yr FRM4.44%4.44%--3.29%4.53%
FHA 30 Year Fixed4.46%4.46%--3.55%4.62%
Jumbo 30 Year Fixed4.59%4.59%--4.12%4.81%
5/1 Yr ARM4.75%4.75%--3.16%4.75%
Mortgage rates avoided returning to reality yet again today.  In other words, rates were almost perfectly unchanged for the 4th straight business day.  These patterns (or lack thereof) are fairly typical of the thanksgiving time frame, but the return of volatility is a bit of a moving target after that.  Clearly, we're not there yet. 

That's a good thing in the recent context because it means rates are still operating at their lowest levels in more than a month.  It's a bit more unpleasant in the broader context because it means rates are showing little desire to move much lower from their highest levels since 2011 (seen at the beginning of the month).

In non-rate-related news, the FHFA--Fannie Mae and Freddie Mac's regulator--announced higher conforming loan limits, from $453,100 to $484,350.  In general, conforming loan allow for the lowest fixed rates.  Limits are increased every November, assuming the FHFA has also observed an increase in average home prices during the previous fiscal year (Oct 2017-Sep 2018 in this case).