Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.58 percent, up from 3.57 percent at this same time last week.
The 30-year fixed mortgage rate hovered around 3.63 percent, falling to 3.46 percent on Thursday before returning to the current rate.
“Despite substantial volatility, rates remained essentially flat last week, holding near 20-month lows,” said Erin Lantz, vice president of mortgages at Zillow. “With minimal incoming data this holiday-shortened week, we expect little rate movement as the markets look to the President’s State of the Union address and the European Central Bank’s Thursday policy meeting.”
Additionally, the 15-year fixed mortgage rate this morning was 2.92 percent, and for 5/1 ARMs, the rate was 2.83 percent.
By Laura Vecsey
Country Stars Relist Tennessee Estate
Faith Hill and Tim McGraw have sold a portion of their mammoth 753-acre estate outside Nashville, leaving them with 623 acres on two separate parcels. The entire property had been listed for $20 million, but the slightly smaller estate — which includes a renovated log home that dates back to 1800 and an Antebellum-style home built in 1856 — will now be re-listed for $18.5 million.
'Horrible Bosses 2' Actor Sells Home
Jason Bateman has found a buyer for his Beverly Glen home, which had been listed for $2.25 million. According to sources, the 3-bedroom mid-century home fetched slightly more for the “Arrested Development” star, who bought the home with his wife, Amanda Anka, in 2002 for $885,000.
'Keeping Up with the Kardashians' Star Buys Flipper Home
Scott Disick, AKA Mr. Kourtney Kardashian even though the couple is not married, has bought his own Beverly Hills, 90210 pad. The father of three plans to flip the $3.699 million property, which spans 4,095 square feet and features a saltwater pool in the yard.
By Laura Vecsey
Surprise! Ellen Lists More L.A. Real Estate
She’s at it again! Ellen DeGeneres has listed a pair of high-rise condos in Los Angeles for $15.99 million. The talk show queen bought them a year ago, soon after selling the famous Brody House for $55 million.
Now it looks like the condos are just another stop along DeGeneres’ home buying and selling swath through Tinseltown.
The condos occupy an entire floor of a Westwood condo building. The smaller unit ($7.495 million) is 3,813 square feet with 2 bedrooms and 3 bathrooms. The larger condo ($8.495 million) has 4,158 square feet including 2 bedrooms and 3 bathrooms.
Jay Z & Bey Outbid in L.A.
Who can outdo music’s super couple?
That would be a Swedish billionaire who plunked down $70 million in cash for the sizzling modern mansion that so enticed the pair.
Beyoncé and Jay Z were not the winners in the bidding war for a 22,300-square-foot Beverly Hills mansion. The pair was bested Markus “Notch” Persson, a co-founder of a company that developed the sandbox gaming franchise “Minecraft,” which he sold to Microsoft for $2.5 billion.
Persson’s new 8-bedroom, 15-bathroom home overlooks Malibu and downtown Los Angeles in the ultra high-end Trousdale Estates neighborhood. The home has an automated 54-foot curved glass door in the living room that opens onto an infinity pool with iPad-controlled fountains. And, that’s just a start of the list of amenities, which includes $5,600 Toto Neorest toilets in every bathroom.
Kompund for Kimye?
Despite rumors that Kanye West is so sick of the Kardashian Klan that he’s begging Kim to move to New York or Paris, the couple continues to expand their footprint in Hidden Hills, CA.
According to a report, Kim and Kanye will move into their $20 million Bel Air area home, where they have just purchased an additional adjacent lot for $2.925 million. There’s a modest ranch house on the 1.49-acre lot now, but it would appear that the extra land would provide more buffer for the paparazzi-hounded family. All together, the two properties will give Kimye about 4.5 acres for their L.A. estate.
Dennis Miller’s Home For Sale Is No House of Cards
Dennis Miller and his wife, Carolyn Espley-Miller, have listed their whitewashed California beach home for $22.5 million.
The 6,063-square-foot home sits on a half acre along Padaro Lane in Santa Barbara County and contains 5 bedrooms, 5.5 bathrooms and 63 feet of beachfront.
By Laura Vecsey
Venice Beachy Cool Pad for Patrick Dempsey
“Grey’s Anatomy” star and sometimes race-car driver Patrick Dempsey plunked down $1.925 million for a mid-century modern “micro-compound” in Venice Beach, CA. The 1952 home measures 2,288 square feet over three stories, complete with 3 bedrooms and 3 baths. The exterior is made up of industrial materials, including large expanses of glass, polycarbonate and corrugated-metal panels. Dempsey has a thing for interesting architecture: He also owns a $7-million Frank Gehry spread in Malibu.
De Niro Signs On For Generous Real Estate Gift
Native New Yorker Robert De Niro has paid $2.85 million for a penthouse loft in the West Village for his daughter, Drena De Niro. The 2-bedroom, 2.5-bath penthouse features high-beamed ceilings, hardwood and slate floors and panoramic views of the city and the Hudson River. It’s the same neighborhood De Niro used to call home, before he went uptown and bought $20.9 million triplex near Central Park.
Nick Nolte Sells, Somewhat
The “48 Hrs.” and “Gracepoint” star collected $3.9 million for a two-acre spread he finally sold after a year on the market. It appears that a 4-bedroom and a 2-bedroom guest house exchanged hands while Nolte is keeping the remaining 3 acres and 3 guest homes. The original list price for the entire spread was $8.25 million.
By Laura Vecsey
Bruce & Rosie Snag Buyers in NYC
First, Rosie O’Donnell scored a $9 million sale on her 3,200-square-foot Greenwich Village apartment. Then it was Bruce Willis’ turn to gobble up a contract on his $12.995 million apartment on the Upper West Side.
All in all, a good December for two of NYC’s more colorful (former) residents.
Both O’Donnell and Willis had owned their respective apartments for about two years, but, for different reasons, decided to part ways with their city abodes, both of which had undergone renovations by their celebrity owners.
O’Donnell bought her pad in 2012 for $8 million after returning from Chicago, where her daytime talk show failed. However, after another big family move to New Jersey to access a school for her son Blake, Rosie decided to set up house in NYC and in Nyack, where she owned a compound of homes.
Willis, meanwhile, bought the 3-bedroom, 3.5-bathroom unit in the El Dorado on the Upper West Side from U2 bassist Adam Clayton in 2013 for $8.9 million. But after a massive remodel, Willis and his wife, Emma Heming, found the apartment too small, so they listed and found a buyer within a week.
No word yet on where Willis will look for another NYC apartment. He and Heming have a 23-acre estate in Bedford, N.Y., about an hour north of Manhattan.
Rent Andy Garcia’s Own ‘Little Havana’ In Key Biscayne
Normalized relations by the United States with Cuba announced this week by President Barack Obama will bring an end to the Cold War-era hostilities between the two countries. For Cuban native Andy Garcia, who fled the island as a child after Fidel Castro took over, Miami has long been his second home.
Now the low-key actor who played Vincent Corleone in “The Godfather Part III” is renting out a 9,084-square-foot estate in Key Biscayne, Fla. The 4-bedroom. 5.5-bathroom property is described as having the “charming and delightful aura of a vintage Cuban estate.” There’s also a pool, dock and a master suite with a lagoon view.