Friday, December 7, 2018

Today's Best Mansions

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

#1       11490 Orum Road, Los Angeles, CA 90049 with 9 bedrooms, 15 baths and 18,850 sq.ft. is listed for sale at $56,000,000.

Perched atop a private double gated promontory of the legendary Bel Air community, the Orum residence was designed as a living piece of art. This architectural achievement by world renowned architect Zoltan Pali (FAIA) is uniquely situated to maximizing unobstructed views, spanning the downtown skyline to the Pacific Ocean, and everything in between. Created as a distinctive home that seamlessly integrates into the surrounding environment, this three winged residence wrapped in 3 types of glass; mirrored, translucent, and clear, harnesses the elements of true luxury and sophistication. From conceptual design to final execution, Orum is the pinnacle of dedication to craftsmanship, refinement, and style, while maintaining a warmth and functionality.

#2 515 Strawberry Park Road, Bracer Creek, Colorado 81620 with 6 bedrooms, 8 baths, and 8,717 sq.fy. is listed for sale at $13,500,000.

Exclusive luxury residence with direct ski-in/ski-out access features contemporary finishes on a forested 1.87 acres. Located in coveted Strawberry Park area, this multi-generational home features 6 bedrooms, A/C, a grand living room accented by a massive fireplace and endless glass views of the slopes. Main floor master, Home Theater, game room, wine cellar private backyard with fire pit.

#3       5171 Fisher Island, PH, Miami Beach, Florida 33109 with 5 bedrooms, 8 baths and 8,554 sq.ft. is listed for sale at $13,888,888.

Largest PH in Bayview on Fisher Island. This one of a kind gem greets with you with 24 FT ceilings, 360 degree views of Miami downtown, Fisher Island and Miami Beach. This masterpiece showcases: 2 private elevators, east & west views with expansive terraces, 8,554 sq. ft interior, 5 bedrooms + 2 staff bedrooms, 7.5 bathrooms, marble floors, Creston system installed for audio, video and cameras, lutron system, formal dining room, kitchen with top of the line appliances, 3 fireplaces, beautiful views from every room, 4 parking spaces, 2 golf carts , 2 golf cart spaces, oversized storage & many more. Experience Fisher Island living in this exceptional residence in the sky!

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

Mortgage Rates Are On a Tear!

Dec 6 2018, 4:19PM

Mortgage rates dropped significantly yet again today, adding to an already impressive week of improvement and bringing most lenders into their best territory since September 13th, 2018.  The average lender improved by more than an eighth of a percentage point in just the past 3 business days and by nearly 3/8ths of a point from the highs seen in early November.  This comes out to roughly $70/month for a $300k loan, or an upfront savings of $4500 if you were to buy your rate down (paying points) back in early November.
Much of the move has come courtesy of a rapid shift in expectations about the economy and Fed policy.  Investors have been worrying about the longevity of the current economic cycle more and more as it ages.  By some measures, this is already the longest economic expansion ever (and it should be, considering it follows the most profound recession in modern economic history).  The Fed has increasingly hinted at cracks emerging in the economy and the stock market just failed to break out of a rut it's been in for nearly 2 months earlier this week.  

Bonds (the financial instruments that underlie interest rates, including mortgages) thrive on this sort of fear and uncertainty.  "Thriving" means more investors are buying bonds as a safer-haven investment, and more bond buying equates to lower rates.

Tomorrow brings significant risk in the form of the big jobs report.  This is one of the pieces of economic data that the Fed watches most closely.  Investors assume that the Fed's upcoming policy changes could be directly affected by any big revelations in this report.  As such, if the numbers are much higher or lower than expected, rates could move quickly.