Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow at 3.79 percent, down 4 basis points from last week.
The 30-year fixed mortgage rate fell Friday, then hovered around 3.80 percent before dipping to the current rate on Tuesday.
“Last week, mortgage rates remained flat until weak U.S. economic data and stronger than expected oil supplies caused a drop at the week’s end,” said Erin Lantz, vice president of mortgages at Zillow. “Rates are unlikely to move much higher this week, as markets make sense of the political situation in Europe and look to U.S. inflation and output data, as well as the release of minutes from the Federal Open Market Committee’s October meeting and commentary from several committee voters.”
Additionally, the 15-year fixed mortgage rate was 2.95 percent, and for 5/1 ARMs, the rate was 3.00 percent.
By Laura Vecsey
No More Rocking On the Big Island
Rocker Neil Young has sold his old-school Hawaii home for $20 million. The sale came quickly after the 69-year-old legend listed the oceanfront oasis this past summer for $24.5 million. The Big Island property featured a 5-bedroom main house, two guest cottages, two greenhouses and a pool house.
The sale is one of several big changes in Young’s life following the divorce of his long-time wife, Pegi.
Diane Keaton Ready for a New Project
Ever-popular and always artistically-engaged Diane Keaton has listed her Pacific Palisades house. She bought the property in 2012 for $5.6 million and now the actress, author, photographer, interior designer and architect buff is seeking $6.995 million for the 7,800-square-foot traditional-style abode.
With a string of historic and interesting property makeovers under her belt, including a Bel-Air Spanish Colonial that earned her center stage in “Architectural Digest,” this was a rather pedestrian purchase by the decorated Hollywood star. But with two teenage kids maybe she needed a more “normal” place to carry out the daily routine. But, now this serial flipper is moving on.
Mr. Fixit Not Needed for Tim Allen’s L.A. Getaway
Three years after paying $1.4 million for a rustic-chic mid-century modern off Mulholland Drive, actor Tim Allen has apparently decided he no longer needs the glorified California man cave. The 2,600-square-foot home has been listed for sale for $1.95 million.
The open floor plan allows for plenty of entertainment space, including a kitchen bar area in a sea of Vermont pine floors. The house flows nicely out to full-length decks with spectacular canyon views.
By Laura Vecsey
Springsteen’s Creative Cottage for Sale in Jersey
How important is the little house in Long Branch, NJ where Bruce Springsteen lived in when he penned “Born to Run,’’ among other of his early hits? Important enough to allegedly get Bob Dylan out on a secret search mission in 2009 to get a gander of the 828-foot cottage.
The creative abode belonging to “The Boss,” located in his hometown, is now on the market for $299,000.
Springsteen once opined about the work he did in that little house.
“I worked very, very long on the lyrics to ‘Born to Run,’ because I was very aware that I was messing with classic rock’n’roll images that easily turned into clichés,” he reportedly said.
The current owners bought the home in 2009 for $280,000 because of its rock legacy with the intent of turning it into a little museum in honor of “Born to Run” and Springsteen, but those plans have fallen through.
Jonah Hill Exiting Mulholland Drive
Jonah Hill is jumping houses again. Just weeks after selling a pretty cool NYC condo loft for $3 million, the actor listed – and sold – his mid-century modern house on famed Mulholland Drive. He bought the place in 2010.
The list price was $2.995 million, about $1.1 million more than the star paid five years ago. The 3,660-square-foot home was built in 1959 and features 4 bedrooms, 5 bathrooms, walls of glass, skylights and a separate guest house.
That’s a Wrap for Roger Ebert’s Home
Esteemed film critic Roger Ebert lost his battle to cancer two years ago, and it has taken that long for his widow, Chaz, to finally be ready to sell their lakefront getaway on Lake Michigan. The weekend home for the famous Chicagoans is $4 million.
Chaz said she’s ready to let go of the 1934 traditional home where the coupled gathered with her grown kids and grandkids. There are 4 bedrooms, 5 bathrooms, a kitchen where Roger loved to cook, views of Lake Michigan and, for Mrs. Ebert, a lot of great memories.
By Laura Vecsey
Love Match for McEnroe in Malibu
For at least the third time, tennis great John McEnroe and his wife, Patty Smyth have bought themselves a spread in Malibu. It may mean the couple will be looking to cast off one of the two other properties they own in the beachfront Los Angeles outpost.
Unlike the $3.35 million modern they purchased off Pacific Coast Highway in 2013, this modern masterpiece is directly on the ocean on one of the most desirable beaches in Malibu: Paradise Cove. The multi-level home was built in 1994 but has been completely redesigned inside by interior designer Michael Lee.
Goodbye, Malibu for Yolanda and David Foster
A few years after first trying to sell their fabulous Malibu home, Grammy-winning music impresario David Foster and his wife, former supermodel and “The Real Housewives of Beverly Hills” star Yolanda have done the deal. According to property records, the couple netted $23.5 million after first looking to get $27.5 million.
The sprawling, 11,600-square-foot home was the gleaming setting for several episodes of the reality show as Yolanda Foster hosted several parties for her castmates. But with Yolanda’s struggle Lyme disease and her two girls (Bella and Gigi Hadid) off on their international modeling careers, the home may have proved too big. In any case, Yolanda posted a romantic photo of her sharing a kiss with David on the pool deck of the home. The caption read: Beautiful ending to a beautiful chapter in our life.
By Laura Vecsey
Childhood Home of Angelina Jolie Pitt for Sale
Angelina Jolie Pitt and her husband, Brad Pitt, have owned a fleet of houses from California to New Orleans to the wine country of France. But the childhood home of the Hollywood star and United Nations special envoy has just hit the market in Palisades, New York.
Dubbed “The Whitney House,’’ the mid-century modern is listed for $2.049 million after a major renovation that has given new life to the 4-bedroom, 4-bathroom home. It’s about 30 minutes north of NYC.
Jolie and her brother lived there during the 1980s with their mother, Marcheline Bertrand, after she split with their father Jon Voight. The home is right up Brad Pitt’s alley, given his penchant for modern architecture. But with six kids, there’s probably not enough room for the Jolie/Pitt clan.
Oops, She Did It Again.
Britney Spears may be playing at Planet Hollywood in Vegas for another two years, but the pop star wanted another southern California estate – so she bought one! Spears’ new abode contains 5 bedrooms, 7.5 bathrooms, cost $7.4 million and sits on 20 acres high in the hills just outside of Los Angeles.
When she’s off-duty from her extended Vegas show, Spears will have plenty of entertainment choices for herself and two sons. The property includes a golf course, a tennis court and a 1,000-square-foot pool house with a full kitchen, bath and 3,800-bottle wine cellar.
Robin Williams’ Estate Gets Another Price Cut
Before his death in 2013, Oscar-winner Robin Williams sometimes lamented the high cost of maintaining his fabulous Napa estate. Perhaps this issue has figured into the difficulty the actor’s heirs have had finding a buyer?
With Williams’ children and wife now battling over his estate, a decision was made to drop the price on the Napa property down to $22.9 million. It was originally listed for $29.9 million.
Spread over 640 acres, the property contains vineyards, olive trees, hiking and horse trails, ranch facilities, a huge infinity pool, home theater and climate-controlled wine rooms. The main house is a massive, 20,000-square-foot limestone edifice complete with 5 bedrooms and 10 bathrooms. A caretaker house on the property adds another 4 bedrooms.