Wednesday, December 19, 2018

Today's Best Mansions

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

#1    266 and 300 Sagaponick Road, Beidgehampton, NY 11932 with 5 bedrooms, 7 baths and 6,640 sq.ft. is listed for slae at $24,000,000.


If privacy and serenity are what you crave, look no further. This 13.57+/- acre retreat south of the highway set in Bridgehampton is truly one-of-a-kind. Consisting of two single and separate lots, the property exudes a park-like setting with an apple orchard, magnificent specimen trees & landscaping, and a one-acre pond with dock and boathouse. A 6600+/- main house is nestled in this oasis.

#2 1468 Vail Valley Drive, Vail, Colorado 81657 with 8 nedrooms, 9 baths and 7,220 sq.ft. is listed for sale at $12,900,000.

Magnificent custom home ideally situated in Vail's Golf Course neighborhood. Backing up to Forest Service land, enjoy Gore Range views and two private water features from the expansive heated outdoor patio spaces with fire pit.Vaulted ceilings, oak wood floors and gourmet kitchen create a warm environment. Over 7,000 square feet this home exudes luxury featuring eight bedrooms, and eight and a half baths. New construction completed in 2011. designed by Kyle Webb.

#3    2001 Tahuna, Newport Beach, CA 92625 with 5 bedrooms, 7 baths and 500 sq.ft. is listed for sale aat $11,575,000.

Stunning soft contemporary NEW CONSTRUCTION designed by Christopher Brandon with Spectacular Ocean, Catalina, and Harbor views in the prestigious Irvine Terrace community. Step in and experience a two level open concept home that has been built with limestone, white oak and floor to ceilings automated pocket doors for the ultimate in door out door living experience. A sample of countless highlights includes, high ceilings, five bedrooms, with ocean views from the Master bed and bath, seven and a half baths, zero edge infinity pool and spa, elevator, stunning custom chandelier, soundproof theater, oversized personal gym, custom hand crafted cabinetry throughout, Miele appliances, Quartz countertops with waterfall island, additional butlers kitchen, smart home technology, 800 sqft private court yard with custom fire pit and extensive sunken garden,over 500 bottle, glass enclosed, lit, and temperature controlled wine cellar, private bedroom with separate entrance great for live in staff or an office. This is one of the largest homes in the Irvine Terrace community. WALK to Corona del Mar village for the best restaurants, Fashion Island for luxury shopping, the Yacht club, Corona del Mar state beach, and Irvine Terrace Park.

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 FRM4.69%4.72%-0.033.97%5.05%
15 Yr FRM4.23%4.27%-0.043.30%4.53%
FHA 30 Year Fixed4.25%4.25%--3.60%4.62%
Jumbo 30 Year Fixed4.42%4.46%-0.044.13%4.81%
5/1 Yr ARM4.63%4.68%-0.053.20%4.75%
Updated: 12/18/18 3:51 PM

Mortgage Rates Lowest Since August Ahead of Fed

Mortgage rates fell today as lenders got caught up with the friendly move in the bond market that we noted yesterday.  Incidentally, today's bond market movement was also friendly (i.e. it suggested rates should continue to move lower). 
There's almost never only one reason that financial markets are doing whatever they're doing, even if there is frequently one reason that's bigger than the others.  Both stocks and oil prices were high on the list of reasons for today's interest rate movement.  When it comes to stocks, big losses frequently help rates (investors often seek safe-havens when stocks are panicking, and bond markets can be one of those havens.  More bond buying = lower rates).  \

When it comes to oil prices, the relationship with rates is far less predictable, but when oil is falling rapidly, there's an undeniable implication for inflation.  After all, if the primary energy source used to transport most of the country's commerce becomes less expensive, businesses can better compete on price.  Beyond that, fuel prices themselves are a part of several important inflation metrics.  Inflation is one of the building blocks of longer-term interest rates.  When inflation expectations fall, rates typically fall as well--all other things being equal.

Tomorrow brings the much-anticipated Fed Announcement, including updated forecasts and a press conference with Fed Chair Powell.  Between those three items, we could see plenty of volatility for rates tomorrow afternoon.  A strong move in one direction or the other could even set the tone for the next 2 weeks.