Thursday, March 7, 2019

Check out "Today's Top Three Mansions"

#1     17111 El Vueio, Ranhco Santa Fe, CA 92067 with 6 bedrooms, 10 baths and 22,500 sq.ft. is listed for $39,000,000

Would you spend  $39,000,000 for this mansion? 

Ideally perched atop 33 acres, the most spectacular contemporary house ever constructed in the prestigious Rancho Santa Fe Covenant is introduced to the market. 7 years in the making this organic modern masterpiece delights the senses with all rooms open to walls of glass framing the stunning mountain and valley vista views. The estate  includes  a dedicated master wing with panoramic views and his and hers everything.

'#2     1040 South Ocean Blvd., Lantana, Florida 33462 with 8 bedroom, 15 baths and 16,570 sq.ft. is listed for sale at $39,950,000

Would you spend  $39,950,000, for this mansion?

Brand New Ocean-to-Intracoastal Estate. A sensational seaside paradise in Manalapan's prestigious Estate Section, directly fronting 200 feet of the Atlantic Ocean and stretching to the 200 feet of Intracoastal Waterway, complete with dockage, on a prized span of South Florida's barrier island. This lavish, brand-new estate compound combines the expertise of Casto Homes, Inc. with the creative vision of Yates Rainho architects.

$3 2010 Gcr Kremmling, Colorado 80459 with 10 bedrooms, 17 baths  and 22,817 sq.ft. is listed for sale at #23,500,000.

Would you spend  $23,500,000 for this mansion? 

Spectacular family lodge on 350 acres, located in the share ranch community of Grand River Ranch. Private owner wing; gathering areas; and guest wing with a total of 10 bedrooms and 17 bathrooms. Extensive landscaping. Deluxe finishings. Amenities include Homeowner's lodge; fishing camps; equestrian center and sporting clay shooting range. A must-see opportunity!!

Mortgage News Daily

Mortgage Rates Are Actually Lower This Week!

Mortgage rates dropped noticeably today, as the underlying bond market benefited from overseas developments.  The European Central Bank (ECB) is Europe's counterpart to the Federal Reserve.  Like the Fed, they've also dabbled in bond-buying and ultra-low policy rates.  In fact, they still haven't gotten around to hiking rates as a part of the current global economic expansion.  Just today, they said they don't expect rates to rise in 2019 and possibly beyond. 

Combined with several other comments and updated forecasts, the message from the ECB was that the European economic outlook is downbeat and they'll be keeping the monetary punchbowl on the table as a result.  Central banks' easy money policies tend to benefit bonds (which translates to lower rates) and these were no exception. 

The net effect was a drop to the lowest rates in more than a week for the average lender--a claim that runs counter to several news reports that say rates are higher this week.  At issue is the source material for those news reports: Freddie Mac's weekly rate survey, which only tends to capture Monday and Tuesday's rate quotes (and it completely excludes Thursday and Friday of any given week).  As such, when there are big moves in the 2nd half of a week (and especially if there are opposing moves in two adjacent weeks, Freddie's survey will likely say rates did the exact opposite of what they're actually doing.

Case in point, last Thu/Fri, rates were rising fairly quickly, but that rise wasn't captured by the Freddie survey.  This created a lower baseline for the current week.  From there, even though rates began to recover on Mon/Tue this week, they hadn't recovered enough to get back to Mon/Tue levels last week.  So the Freddie survey sees and reports rates as being higher.  If we look at today's rates versus last Thursday or Friday's however, we see rates are easily in better shape.

MND's Daily Rate Survey
52 Week
30 Yr FRM4.48%4.51%-0.034.43%5.05%
15 Yr FRM4.06%4.08%-0.023.86%4.53%
FHA 30 Year Fixed4.15%4.16%-0.014.12%4.62%
Jumbo 30 Year Fixed4.29%3.32%+0.974.28%4.81%
5/1 Yr ARM4.36%4.37%-0.013.61%4.75%

100 Top Real Estate Markets Medium Values for the 12 months ending December 31, 2018/2017

Zip codeLocationCountyStateMedian sale price
194027AthertonSan Mateo CountyCA$6,700,000/$4,950,000
211962SagaponackSuffolk CountyNY$5,500,000/$2,819,000
302199BostonSuffolk CountyMA$4,772,500/$2,800,000
410013New YorkNew YorkNY$3,810,000/$4,100,000
590402Santa MonicaLos Angeles CountyCA$3,762,000/$3,512,000
694301Palo AltoSanta Clara CountyCA$3,755,000/$3,300,000
794022Los AltosSanta Clara CountyCA$3,500,000/$3,200,000
894028Portola ValleySan Mateo CountyCA$3,300,000/$2.895,000
994024Los AltosSanta Clara CountyCA$3,254,500/$2,875,000
1033109Miami BeachMiami-Dade CountyFL$3,250,000/$4,052,000
1190210Beverly HillsLos Angeles CountyCA$3,212,500/$4,052,000
1292661Newport BeachOrange CountyCA$3,150,000/$2,819,000
1310007New YorkNew YorkNY$3,075,000/$3,988,883
1492662Newport BeachOrange CountyCA$3,057,500/$2,575,000
1598039MedinaKing CountyWA$3,050,000/$2,590.000
1690272Pacific PalisadesLos Angeles CountyCA$2,900,000/$2,730,000
1711976Water MillSuffolk CountyNY$2,862,500/$3,162,000
1894010BurlingameSan Mateo CountyCA$2,800,000/$2,400,000
1910282New YorkNew YorkNY$2,792,500/$2,775,000
2094306Palo AltoSanta Clara CountyCA$2,700,000/$2,445,000
2195070SaratogaSanta Clara CountyCA$2,690,000/$2,320,000
2295030Los GatosSanta Clara CountyCA$2,580,000/$2,211,000
2392657Newport CoastOrange CountyCA$2,550,000/$2,950,000
94957RossMarin CountyCA$2,550,000/$2,987,000
2492625Corona Del MarOrange CountyCA$2,500,000/$2,100,000
2594920Belvedere TiburonMarin CountyCA$2,400,000/$2,550,000
2610012New YorkNew YorkNY$2,377,500/$1,807,000
2790266Manhattan BeachLos Angeles CountyCA$2,369,000/$2,250,000
2894025Menlo ParkSan Mateo CountyCA$2,363,500/$2,062,500
2992067Rancho Santa FeSan Diego CountyCA$2,275,000/$2,062,500
3090049Los AngelesLos Angeles CountyCA$2,250,000/$2,210,000
3193921Carmel By The SeaMonterey CountyCA$2,245,000/$1,600,000
3293108Santa BarbaraSanta Barbara CountyCA$2,225,000/$2,757,500
3307620AlpineBergen CountyNJ$2,200,000/$4,763,577
3490077Los AngelesLos Angeles CountyCA$2,175,000/$2,068,437
3594062Redwood CitySan Mateo CountyCA$2,150,000/$1,699,000
11930AmagansettSuffolk CountyNY$2,150,000/$1,781,000
3691108San MarinoLos Angeles CountyCA$2,109,000/$2,150,000
3789413GlenbrookDouglas CountyNV$2,107,500/$1,967,000
3802543Woods HoleBarnstable CountyMA$2,105,000/$2,519,636
3910018New YorkNew YorkNY$2,100,000/$1,146,000
94970Stinson BeachMarin CountyCA$2,100,000/$1,650,000
90265MalibuLos Angeles CountyCA$2,100,000/$2,252,500
4094123San FranciscoSan Francisco CountyCA$2,075,000/$1,800,000
4195014CupertinoSanta Clara CountyCA$2,070,000/$1,749,500
4294087SunnyvaleSanta Clara CountyCA$2,050,000/$1,750,500
4390742Sunset BeachOrange CountyCA$2,000,000/$1,712,500
4494118San FranciscoSan Francisco CountyCA$1,975,000/$1,902,000
4510069New YorkNew YorkNY$1,947,500/$2,161,000
4611932BridgehamptonSuffolk CountyNY$1,925,000/$2,525,000
4794402San MateoSan Mateo CountyCA$1,900,000/$1,712,500
94070San CarlosSan Mateo CountyCA$1,900,000/$1,625,000
4890291VeniceLos Angeles CountyCA$1,895,000/$1,732,500
11975WainscottSuffolk CountyNY$1,895,000/$3,000,000
4906878RiversideFairfield CountyCT$1,855,000/$1,507,500
5094041Mountain ViewSanta Clara CountyCA$1,850,000/$1,735,000
5194040Mountain ViewSanta Clara CountyCA$1,840,500/$1,665,000
5290212Beverly HillsLos Angeles CountyCA$1,835,000/$2,060,000
5392660Newport BeachOrange CountyCA$1,825,000/$1,685,000
5495129San JoseSanta Clara CountyCA$1,800,000/$1,475,000
94127San FranciscoSan Francisco CountyCA$1,800,000/$1,600,000
5594528DiabloContra Costa CountyCA$1,775,000/$2,618,750
5692651Laguna BeachOrange CountyCA$1,772,500/$1.765,000
5791011La Canada FlintridgeLos Angeles CountyCA$1,770,000/$1,642,500
5894002BelmontSan Mateo CountyCA$1,751,750/$1,590,000
5910580RyeWestchester CountyNY$1,750,000/$1,790,000
6094114San FranciscoSan Francisco CountyCA$1,725,000/$1,652,000
6195032Los GatosSanta Clara CountyCA$1,700,750/$1,634,000
6294939LarkspurMarin CountyCA$1,690,000/$1,775,000
6390254Hermosa BeachLos Angeles CountyCA$1,687,000/$1,538,500
6494904GreenbraeMarin CountyCA$1,683,500/$1,595,000
6506870Old GreenwichFairfield CountyCT$1,665,000/$2,085,000
6694043Mountain ViewSanta Clara CountyCA$1,650,000/$1,375,000
90274Palos Verdes PeninsulaLos Angeles CountyCA$1,650,000/$1,550,000
6711568Old WestburyNassau CountyNY$1,645,000/$1,465,000
6821056Gibson IslandAnne Arundel CountyMD$1,643,750/$1,450,000
6992014Del MarSan Diego CountyCA$1,640,000/$1,425,000
7090036Los AngelesLos Angeles CountyCA$1,638,250/$1,465,000
7110014New YorkNew YorkNY$1,635,000/$4,649,000
7294030MillbraeSan Mateo CountyCA$1,634,000/$1,605,000
7394507AlamoContra Costa CountyCA$1,621,000/$1,644,000
7406830GreenwichFairfield CountyCT$1,617,000/$1,752,000
7594121San FranciscoSan Francisco CountyCA$1,610,000/$1,367,000
7690048Los AngelesLos Angeles CountyCA$1,600,000/$1,455,000
95120San JoseSanta Clara CountyCA$1,600,000/$1,385,000
94131San FranciscoSan Francisco CountyCA$1,600,000/$1,540,000
90405Santa MonicaLos Angeles CountyCA$1,600,000/$1,588,000
94117San FranciscoSan Francisco CountyCA$1,600,000/$1,395,000
11959QuogueSuffolk CountyNY$1,600,000/$1,416,963
7792118CoronadoSan Diego CountyCA$1,595,750/$1,407,500
7894061Redwood CitySan Mateo CountyCA$1,577,500/$1,449,500
7993953Pebble BeachMonterey CountyCA$1,576,250/$1,639,080
8090064Los AngelesLos Angeles CountyCA$1,575,000/$1,501,430
8190027Los AngelesLos Angeles CountyCA$1,550,000/$1,446,514
8292663Newport BeachOrange CountyCA$1,548,750/$1,533,416
94941Mill ValleyMarin CountyCA$1,548,750/$1,413,000
8394539FremontAlameda CountyCA$1,520,000/$1,405,100
8402493WestonMiddlesex CountyMA$1,515,000/$1,451,000
94115San FranciscoSan Francisco CountyCA$1,515,000/$1,516,500
8595130San JoseSanta Clara CountyCA$1,510,000/$1,445,280
8691436EncinoLos Angeles CountyCA$1,507,500/$1,406,250
8794403San MateoSan Mateo CountyCA$1,500,000/$1,405,810
8802468WabanMiddlesex CountyMA$1,491,000/$1,471,866
8902481Wellesley HillsNorfolk CountyMA$1,490,500/$1,420877
9094086SunnyvaleSanta Clara CountyCA$1,482,250/$1,331,761
9102554NantucketNantucket CountyMA$1,480,000/$1,338,156
9210001New YorkNew YorkNY$1,476,463/$1,506,176
9393067SummerlandSanta Barbara CountyCA$1,475,000/$1,249,000
11030ManhassetNassau CountyNY$1,475,000/$1,600,000
9494110San FranciscoSan Francisco CountyCA$1,470,000/$1,376,404
9594563OrindaContra Costa CountyCA$1,450,000/$1,430,000
94618OaklandAlameda CountyCA$1,450,000/$1,452,906
9611024Great NeckNassau CountyNY$1,442,900/$1,570,000
9706807Cos CobFairfield CountyCT$1,442,500/$15,47,000
9894705BerkeleyAlameda CountyCA$1,440,000/$1,475,000
9910024New YorkNew YorkNY$1,430,000/$1,570,000
10007078Short HillsEssex CountyNJ$1,426,250/$1,422,500