Thursday, December 6, 2018

Today's Best Mansions

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

#1    720 Willoughby. Aspen, Colorado 81611 with 7 bedrooms, 9 baths and 8,737 sq.ft. is listed for sale at $30,950,000.


Located on Aspen's prestigious Willoughby Way, this David Johnston masterpiece is the quintessential modern estate...The contemporary home boasts soaring ceilings that capture views from Independence Pass to Pyramid Peak. Perfect for the art lover with vast walls and windows. This is modern architecture at it's finest with no detail overlooked. The home has 7 en suite bedrooms and 9 baths, all with contemporary finishes. A Bulthaup kitchen opens up to the expansive floor plan perfect for entertaining large groups, or more intimate family functions. Walls of telescoping glass doors brings the outdoors in opening up generous outdoor patios, pool, and yard; perfect for summer soirees.


#2 41 Tide Watch, Newport Coast, CA 92657 with 6 bedrooms, 8 baths and 12,826 sq.ft. is listed for sale at $23,850,000.


Crystal Cove's most noteworthy new custom estate, situated out on the point at the highest elevations within the community with views stretching from whitewater to Abalone Point and Newport Harbor. Sited on an exceptionally large (23,000 sf), private lot at the end of a cul-de-sac, this masterpiece by the renowned Haigh Builders artfully blends classic European exteriors with soft contemporary interiors, creating the ultimate ambiance for elegant living and entertaining. The estate has an instant sense of place, evocative of a timeless coastal Italian villa, creating an impressive arrival with a grand motor court and soaring double-height foyer with gallery that immediately reveals the dramatic views. Only the finest imported European materials - including iron and glass doors from Switzerland, French oak floors and exotic marble from Italy - have been used in the design of the residence, which encompasses approximately 12,800 sf. Highlights include an incredible master wing with sitting room, fireplace, harbor views, expansive terrace and beautiful spa bathing suite; a grand-scaled great room with living room, fireplace, dining room, breakfast room and spectacular double chef-grade kitchens; and a lower level with theater, fitness, wine dining room, full bar, wine cellar


#3    200 East 95th Street, PHA, New York, NY 10128 with 4 bedrooms, 4 baths, and 3,115 sq.ft. is listed for sale at $11,900,000                 


This exceptional 4 bedroom, 4 bathroom residence offers 3,115 square feet of living and entertaining space, with an additional 418 sqft private terrace overlooking the river. Expansive north, east and south-facing exposures offer open views of the city and East River. Extell Development Company is proud to present The Kent, a tailored collection of elegantly appointed condominium residences on the Upper East Side, crafted by award-winning architects Beyer Blinder Belle and acclaimed interior designer Alexandra Champalimaud.


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
Product Today Yesterday Change Low High
30 Yr FRM 4.73% 4.82% -0.09 3.96% 5.05%
15 Yr FRM 4.25% 4.35% -0.10 3.30% 4.53%
FHA 30 Year Fixed 4.25% 4.33% -0.08 3.55% 4.62%
Jumbo 30 Year Fixed 4.40% 4.52% -0.12 4.12% 4.81%
5/1 Yr ARM 4.68% 4.73% -0.05 3.19% 4.75%

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.