Monday, December 3, 2018


Today's Best Mansions

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

#1     3596 Fort Charles Drive, Naples, Florida 34102 with 6 bedroom, 8 baths, and 9,534 sq.ft. is listed for sale at $17,900,000 

Enjoy a generational new Port Royal retreat slated for Fall 2019 completion. Sitting on a breathtaking lot and a half with 169' of waterfrontage over Smuggler's Bay, award-winning and renowned Stofft-Cooney architecture has designed an incredible coastal contemporary retreat uniting world class artisans to deliver an incomparable vacation estate without rival. Meticulously built by legendary A. Vernon Allen Builders with interiors by the Lisa Kahn Design Group, the open floor plan flows masterfully and peacefully with a resort- style outdoor living area and state of the art amenities framed by wide water panoramic views. The more than 9500 square feet of luxury space with 6 bedrooms and 8 bathrooms will boast the finest in finishes and styles to deliver the ultimate lifestyle in Naples' most coveted waterfront.

#2     8810 North Orlando Avenue, Los Angeles, CA 90069 with 6 bedroom, 9 baths, and 9,571 aq.ft. is listed for sale at $12,850,000.

Situated on the prestigious Orlando Avenue, moments from famed Melrose Place, this West Hollywood home offers stature and scale unique to the area. Unlike your traditional contemporary, this home exudes character and warmth, boasting over 9,500 square feet of living space with a 2,500+ squarefoot subterranean garage, complete with turntable and parking for 8+ cars. Spanning a rare double-lot, the living and entertaining space presents the perfect balance between function and form, offering 6 bedrooms and 8.5 baths, a luxurious kitchen with adjacent prep kitchen, games room, gym, formal and informal living room, wine cellar, media room, and a full-floor master suite overlooking the pool and spa.

#3     1001 California Street #3, San Francisco, CA 94108 with 2 bedrooms, 3 baths, and 3,640 sq.ft. is listed for sale at $12,800,000.


This exquisite condo interior was designed by world-class architect Andrew Skurman and award-winning designer Suzanne Tucker with attention to every details and the finest materials. The Spectacular Crown Jewel of Nob Hill, this 3,640 square foot, 2 bedrooms, 2 baths full floor condo in the most iconic Beaux-Arts building features spacious living room and dining room with high ceilings, exquisite library/office, family room, guest bedroom, Versailles style reclaimed oak floors, French doors opening onto views of Grace Cathedral, Mark Hopkins Hotel, Fairmont Hotel, Huntington Park, Bay Bridge and the Salesforce Tower. Entire building just completed 3-year renovation to strengthen the infrastructure

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 Rates

52 Week
30 Yr FRM4.86%4.84%+0.023.96%5.05%
15 Yr FRM4.37%4.35%+0.023.30%4.53%
FHA 30 Year Fixed4.37%4.37%--3.55%4.62%
Jumbo 30 Year Fixed4.54%4.52%+0.024.12%4.81%
5/1 Yr ARM4.75%4.75%--3.19%4.75%

November Was a Great Month For Mortgage Rates 

Nov 30 2018, 3:02PM

Mortgage rates may have ebbed slightly higher today, but that only erased a fraction of the improvement seen over the past 2 days.  Combined with the even stronger showing 2 weeks ago, this makes November the best month of 2018 in terms of mortgage rate improvement. 

All of the good times come with a price, however, as the first few days of the month saw rates move to their highest levels in more than 7 years.  Nonetheless, anyone in the market to buy or refi has seen a meaningful improvement over the past 3 weeks. 

How meaningful is meaningful?  Assuming a loan amount of $300,000, the average mortgage payment (30yr fixed, conventional) would be $45/mo lower this week vs last week, and $90/mo lower vs the beginning of the month.  In terms of upfront costs (i.e. if you were paying points to keep your rate low), you'd be saving $1500 cash today compared to last week, and $3000 compared to the beginning of the month.  Not bad!

If December is able to keep these good times rolling, it will depend on the economic data set to release next week--especially the important jobs report on Friday.