Saturday, December 15, 2018

Today's Best Mansions

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

#1    11836 Ellice Street. Malibu, CA 90265 with 7 bedrooms, 11 baths, and 9,793 sq/ft/ is listed for sale at $28,900,000

Located on the oceanfront bluffs of the exclusive MariSol community, this unbelievable modern home graces Malibu w/ amazing whitewater & island views. Just a short drive from Santa Monica via scenic highway 1 & conveniently adjacent to the private jet center, this 7bd, 11ba home will truly appeal to the most discerning buyers. The dramatic entrance is flanked by tropical landscaping & art that reveals wide walls of glass opening out to a stunning infinity pool. This jaw-dropping home also includes your own private sandy beach, roof-top putting green, outdoor cabanas, movie theater & gym. Most contemporary homes rely on bold forms & stark spatial relationships; this home dares to peel back its silky skin to reveal muscular board formed concrete walls to remind the visitor that at its heart, this home is a structure for living & not just a sculpture to inhabit. As soon as you pass through the gates you'll discover this world of privacy & tranquility - your own personal paradise.


#2 22 West 18th Street, #18A, New York, NY 10011 with 4 bedrooms, 5 baths and 4,872 sq.ft is listed for sale at $28,000,000


This luxurious home situated on the 18th floor in the prestigious Walker Tower boasts an expansive 4,872 sq.ft. of interior space, 698 sq.ft. of outdoor space, and unobstructed views of downtown Manhattan and the Hudson River. Spanning the entire south side of the 18th floor, the residence offers dynamic view shots along with incredible western-facing sunsets.Built before neighborhood height limits were enacted, Walker Tower is advantaged with 360-degree panoramas of Manhattan and the Hudson River. The duplex is flooded with light from custom windows on triple exposures showcasing beautiful views from every room. Airy ceilings, custom millwork, hand-laid French herringbone oak floors, and top-of-the-line finishes grace the living space. State-of-the-art details include radiant floor heating, Crestron home automation, built-in humidification, ultra-quiet central air, and a dedicated ventilation system.With ample space, the gracious main level melds flow and functionality with sophisticated style. An elegant foyer invites you into the spacious living room with picture windows and coffered ceilings, set adjacent to the dining room, both accessing the elongated 413 SF+/- southern-facing terrace. The residence is only one of two homes in Walker Tower to have a separate dining room, which also has access to the Southern outdoor terrace. The custom Smallbone eat-in kitchen in the southwest corner is equipped with marble and limestone countertops, Dornbracht fixtures, a supreme Sub-Zero, Viking and Miele appliance package, and Franke water filtration. The kitchen and the second bedroom suite lead out to the second, 285 SF+/- terrace. At the opposite corner, the private master suite, replete with natural light, enjoys stunning views and opens to the terrace. A walk-in closet and spa-quality bathroom with custom marble details, cast iron soaking tub, steam shower and Waterworks fixtures complete the spacious retreat .


#3      181 Fremont #69B, San Francisco, CA 94105 with 2 bedrooms, 3 baths and 3,190 sq.ft. is listed for sale at $14,000,000.


Gracious entry foyer. Sweeping northeast, southeast, and southwest floor-to-ceiling views. 10' ceilings in living room and bedrooms. Living room with corner entertainment cabinet. Hideaway kitchen with sliding panels, double oven, refrigerator and freezer, dual dishwashers, dual wine storage, breakfast nook, bar with seating, and service pantry. Master bedroom with southeast and southwest views and walk-in closet. Master bathroom with freestanding soaking tub, separate shower, dual water closets, and dual vanities. Second bedroom with en-suite bathroom and walk-in closet. Large den with sliding door. Powder room. Washer/dryer.

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 FRM4.72%4.72%--3.96%5.05%
15 Yr FRM4.28%4.28%--3.30%4.53%
FHA 30 Year Fixed4.25%4.25%--3.55%4.62%
Jumbo 30 Year Fixed4.46%4.46%--4.12%4.81%
5/1 Yr ARM4.70%4.70%--3.20%4.75%

Mortgage Rates Preserve Most of Last Week's Gain

Dec 14 2018, 5:25PM

Mortgage rates didn't move much today, and that's arguably a good thing.  When the week began, we discussed the need for rates to cool-off after last week's rapid drop.  Doing so would improve our chances of seeing recently lower rates stick around for more than a fleeting moment.  Now here we are on Friday with the average lender not too far from last Friday's 3-month lows. 

Each passing day this week saw underlying market activity die down as investors circled the metaphorical wagons ahead of next week's big Fed announcement.  Much of the recent improvement in rates has come courtesy of the market's read on the Fed.  They're expected to be more "dovish" (i.e. more friendly in terms of monetary policy and rate hikes, ostensibly in response a growing case for economic deceleration).  

While various speeches from members of the Fed may suggest that dovishness, it would be another matter for their official communications to confirm it.  Moreover, financial markets are already trading as if some of that confirmation is in place.  That increases the risk that an unfriendly Fed (or even merely a neutral Fed) could cause a bit of a bad reaction that sends rates higher.  As such, it makes more sense to be cautious in terms of locking/floating at the moment, or at the very least to have a solid game-plan in place with your loan originator for next week's Fed day (Wednesday).