Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.73 percent, down 2 basis points from last week.
The 30-year fixed mortgage rate fell to 3.67 percent on Friday before rising to the current rate Tuesday.
“Mortgage rates fell last week to their lowest levels since early May after the Fed deferred its first rate hike yet again,” said Erin Lantz, vice president of mortgages at Zillow. “We expect rates to be mostly stable this week now that the uncertainty about the Fed’s decision has subsided.”
Additionally, the 15-year fixed mortgage rate was 2.89 percent, and for 5/1 ARMs, the rate was 2.71 percent.
By Laura Vecsey
Sela Ward Trading Paradise
“CSI: NY” star Sela Ward is about to make the Big Apple switch. That means parting with the grand Bel-Air estate she and her husband have owned since 2003. The 8-acre property has been listed for $39.995 million, which means the veteran star of the small screen will definitely be able to handle NYC real estate prices – sizzling as they are.
The 14,000-square-foot gated estate features a main house with 5 bedrooms, plus a guest house with an additional 2 bedrooms. Their property also features a theater, library, a greenhouse and plenty of the great California outdoors, including a vineyard and other fruit trees.
Kathleen Turner Sells Trump Place Condo
“Body Heat” star-turned-NYC-resident and stage actress Kathleen Turner is allegedly moving to lower Manhattan. To pave the way, Turner has just sold her Lincoln Square condo for $3.8 million. It was located in one of the first towers Trump brought to the Manhattan real estate market.
Turner, who will star off-Broadway starting Sept. 26 in a new play she is also producing, bought the 200 Riverside Boulevard abode in 2003, when she was married to New York real estate kingpin Jay Weiss.
After battling rheumatoid arthritis and concurring alcohol abuse, the stage actress is ready for her new close-up in the play “Will You Still Love Me If …” Turner will play the mother of a lesbian who is questioning her gender identity, as well as direct the production.
Richard Gere Cuts Price on Home
Richard Gere has dropped the price of his Sag Harbor estate to $47.5 million. “Strongheart Manor” was originally listed for $65 million in 2013, and then offered at $56 million before this latest cut.
The 6.3-acre property includes a shingled main house – impeccably detailed, plus two guest houses, a 60-foot swimming pool and outdoor basketball court. The estate sits on 300 feet along Peconic Bay.
By Laura Vecsey
Singer Nabs Historic Carriage House
Norah Jones has scored a new Brooklyn, NY home and a place to display her nine Grammy awards. The Texas-raised crooner and daughter of sitar legend Ravi Shankar is the proud owner of a Cobble Hill carriage house that was featured in the movie “Eat, Pray, Love.”
Built in 1840, the old firehouse has a ton of architectural charm, wide plank floors and plenty of space for Jones and her partner, jazz bassist and producer Alexander Lee, to raise their 1-year-old son. A long-time New York City resident, word is that Jones is aiming to remodel the two-family property into a single-family dwelling, complete with garden house.
Julianne Moore Selling Bungalow
Oscar-winning actress Julianne Moore has listed her perfectly low-key Montauk bungalow for sale. The price is $3.495 million for the primly-located home on the East End of Long Island.
The home is 1,000 square feet with 3 bedrooms and 1 bathroom. What makes the place special, however, is the setting. Sitting on about three-quarters of an acre, the landscaped property overlooks a pond and sports a very inviting in-ground swimming pool.
Griffith, Banderas Renting Aspen Home
The end of the marriage between Melanie Griffith and Antonio Banderas prompted the former Hollywood power couple to divest their real estate holdings. With the divorce finalized this summer, the couple sold their $15.95 million Los Angeles villa in June. However, they’ve had less luck finding a buyer for their $8.9 million Aspen-area compound, which is now being offered up for rent.
For $65,000 a month, the 12.3-acre estate gives renters a sensational 8,100-square-foot main house, along with a guest house and historic cabin for a total of 7 bedrooms and 8 bathrooms. The property is located on the backside of Aspen Mountain and includes a private ski run.
By Laura Vecsey
Hey, Hey! Neil Young Lists His Hawaiian Paradise
Rust never sleeps, and neither does Neil Young. The rockin’ rebel with a big acoustic side has split from his long-time wife, taken up with Daryl Hannah, ordered his music off streaming services and launched a music machine and a homemade, green automobile. Now it looks like Young is ready to part with his Hawaiian getaway.
The native Canadian who has set the standard for folk rock the past 40 years has listed his Kohala Coast estate for $24.5 million. The property includes a whopping 830 feet of ocean frontage, a 5-bedroom main house plus two 2-bedroom guest homes. Snorkel adventures await right outside the door in Kiele Bay. Hopefully, Young won’t regret giving up the place, especially with more tour dates booked for this fall down the West Coast.
‘30 Rock’ Star Hits New Jersey
Tracy Morgan has settled with Walmart after a deadly accident caused by one of the company’s truck drivers left the comedian seriously injured 14 months ago. He has just married his longtime fiancée. So how did the newlyweds celebrate? They bought a big mansion in Alpine, New Jersey.
Morgan’s new spread cost $13.9 million and spans 21,000 square feet and sits on 2 acres. The fun house is loaded with amenities, including 5 bedrooms, 9 bathrooms, a 6-car garage, bowling alley, racquetball court, screening room and swimming pool. It’s been a boost for Morgan, who is slated to host “Saturday Night Live” this fall.
Salsa King Swings South
Marc Anthony is looking to further divest from the West Coast. After selling his Encino home, the Salsa King has now listed his Tarzana home for $4.125 million. Apparently, with a new entertainment firm in Miami, the former Mr. J-Lo has no need for Los Angeles homes, so he is saying “adios” to the 5-bedroom, 7-bathroom traditional home which he only purchased seven months ago. Once a part owner in the Miami Dolphins, Anthony is no stranger to South Beach and the music scene in south Florida.
By Laura Vecsey
Sisters & Doubles Partners Sell NYC Loft
Serena and Venus Williams have always felt at home in New York, where the star tennis sisters have won eight U.S. Open Championships between them, plus a few doubles titles, too. Now, just a month ahead of the 2015 Open, in which Serena will attempt to win her seventh Open in her incomparable career, the pair has sold their Fashion District loft for $2.1 million.
The sisters bought the 1,800-square-foot Manhattan loft for $1.335 million in 2005, but never did move in or decorate the mostly raw space. The one-bedroom with massive open space was purchased by Ted Wells, the attorney charged with investigating the New England Patriots’ actions in deflating footballs to optimize pressure for quarterback Tom Brady.
Alicia Offering Keys For Right Buyer
Two years after singer Alicia Keys and hip hop artist Swizz Beatz took over Eddie Murphy’s New Jersey mansion, the couple are moving on. The 25,000-square-foot home has hit the market for $14.9 million. Word is that the art-collecting parents of two young kids want even more space to display their growing art collection. Or, at least, more wall space.
Murphy’s former funhouse includes a movie theater, indoor swimming pool, two-lane bowling alley and professional recording studio. The couple previously lived in Manhattan but sold that penthouse in 2013 for $12.75 million.