Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.81 percent, down from 3.96 percent at this same time last week.
The 30-year fixed mortgage rate dropped Wednesday, then hovered around 3.88 percent for most of the week before falling to the current rate.
“Rates dropped to the lowest level since June 2013 on news that the Federal Reserve has more reservations about the health of the U.S. and global economy than expected, which in turn, may delay rate hikes,” said Erin Lantz, vice president of mortgages at Zillow. “With little economic news planned to overshadow the Fed’s latest comments, this week we expect rates to fairly remain stable, hovering just shy of 4 percent.”
Additionally, the 15-year fixed mortgage rate this morning was 2.96 percent, and for 5/1 ARMs, the rate was 2.70 percent.
By Laura Vecsey
Broadway Bound, Gyllenhaal Lists in L.A.
With a new gig in New York, it looks like Jake Gyllenhaal won’t need his mid-century modern in Los Angeles. The 3-bedroom, 3-bathroom Hollywood Hills home has hit the market for $3.5 million.
The home’s great room offers views of the city — “sensational panoramic views,” according to the listing — and the outdoor space includes a patio, private yard and pool. It’s nestled on almost two acres.
While Gyllenhaal has several movie winners under his belt, his next project is a Broadway production, Constellations, in which he’ll co-star with Ruth Wilson.
Kelly Ripa Is No Longer Pent Up
Talk show host Kelly Ripa and her husband, Mark Consuelos, have parted with their swanky New York penthouse for $20 million.
The 5-bedroom SoHo apartment had been listed for as much as $24.5 million, but the couple settled on a pretty decent deal for the 6,792-square-foot residence that was all about high ceilings, a huge gourmet kitchen, two dining rooms and a big master suite.
In addition to a media room and 3,000-square-foot deck, the home included an indoor gym for the eternally fit and perky Ripa.
Michelle Williams' Brooklyn Home for Sale
She was an early adopter of the Boerum Hill neighborhood in Brooklyn back in 2005. And it was there on Smith Street that actress Michelle Williams stayed after the tragic death of her then-boyfriend Heath Ledger in 2008.
Now the “My Week with Marilyn” star is ready to sell the corner home, which is listed for $7.5 million. The 4-story home is 22 feet wide and has a 3-car garage and a rooftop garden with a waterfall. It contains 6 bedrooms, 4.5 bathrooms and a 1,000-square-foot parlor.
Who needs Brooklyn when you’ve got the Upper East Side and a swell home called Gracie Mansion?
Not the new mayor of New York City.
Mayor Bill de Blasio has listed his Brooklyn home for rent, now that he and his family have moved into the famed mayoral residence along the East River. The mayor’s 4-bedroom, 1-bath home was the kind of working man’s abode that fit de Blasio’s populist image during last year’s mayoral campaign. But now it’s for rent for $4,975 a month, according to StreetEasy.
By Laura Vecsey
Los Angeles Rental Fit for King & Queen
Well, so what if the monthly rent was $200,000? The Los Angeles-area home that rapper Jay Z and his fierce wife Beyonce camped out in this summer was the picture of modern luxury.
Now that the touring twosome is onto Paris, the 16,000-square-foot spread they temporarily called home is on the market for $45 million in the exclusive Holmby Hills area of Tinseltown.
The big stars no doubt appreciated the European flair, including the 20-foot ceilings in the grand entryway, plus the 7 bedrooms, 8.5 bathrooms, the tennis court and pool.
Daryl Hannah Ready to Sell Malibu Retreat
It’s not exactly built for a mermaid, but Daryl Hannah’s Malibu retreat is quite unique. Now the “Splash” star and long-time environmental activist is selling her sustainable retreat for $4.25 million.
The listing isn’t on the MLS. The Los Angeles real estate group, The Agency, is quietly shopping the 17-acre estate.
The new attempt to sell the oasis comes as rumors of a romance between Hannah and rock master Neil Young.
While Hannah, 53, and Young, 68, hit the road to save the planet on various causes, her California beach escape may attract a buyer who appreciates the property’s unique indoor/outdoor/naturalist features.
The compound contains three buildings: a house with an art studio; a standalone master suite with a Japanese-style soaking tub and a fireplace; and a guest room with a loft and views of the ocean. There’s also plenty of stained glass, a stone cottage and several gardens.
She Built Her Case, Now Nancy Grace Is Selling
After 18 years and a steady parade of contractors, legal commentator and host Nancy Grace is parting with her Atlanta residence. The home is pending sale at $1.599 million.
Grace bought the home in 1996 for $407,500, but has cycled through almost as many remodels as CNN has broadcast criminal trials.
Baseball Star Pitches AZ Estate Onto Market
San Francisco Giants starting pitcher Tim Lincecum has listed his Arizona mansion for sale for $4 million. But, for anyone who thinks the 30-year-old Seattle native’s desert retreat might reflect his “The Freak” nickname, forget it.
The 4-bedroom, 5.5-bathroom contemporary at 4793 E Charles Dr in Paradise Valley is a very mature and serene abode, even with its indoor basketball court with a retractable batting cage and theater room with an adjoining bar.
The 11,000-square-foot home is slick and tricked out with wood built-ins, limestone flooring, a granite-packed kitchen and sweeping views of the desert. Outdoors, there’s a pool with two waterfalls, a whirlpool spa and sundeck, plus a built-in grilling station.
By Laura Vecsey
Sarah Jessica Parker, Matthew Broderick Relist Home
They have been proud “Village People,” but Sarah Jessica Parker and Matthew Broderick are still looking for an exit plan.
Newly relisted at $22 million, the couple’s 25-foot-wide, 6,800-square foot Greenwich Village townhouse was first on the market in 2012 – one year after they purchased the place for $18.995 million.
(Real Estate) Moves Like Jagger
Newlyweds Adam Levine and Behati Prinsloo are getting down to consolidating their holdings. First up: Selling Prinsloo’s East Village duplex for $1.65 million.
The decision to sell the 1-bedroom apartment comes as the Maroon 5 front man and the Victoria’s Secret model complete the purchase of a 2,700-square-foot loft in SoHo, which is reported to be under contract for $4.55 million.
The 3-bedroom, 2-bathroom apartment is in an historic cast-iron building awash in sleek glass and steel – a smooth move for the hot couple.
'The Big Unit' Selling Huge Arizona Home
Future Baseball Hall of Famer Randy Johnson is looking to downsize in the desert. The former Mariners and Diamondbacks ace is listing his 25,000-square-foot estate for $25 million in Paradise Valley.
Situated on a 5-acre parcel, the main residence features 24-foot ceilings, 7 bedrooms and 12 bathrooms – including a secluded master retreat with his-and-hers oversized vanities.
There’s also a detached guesthouse; 1,700-square-foot fitness facility; a temperature-controlled wine cellar; an oversized 8-car motor court, billiards parlor and a dedicated “pet suite.”
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 4.05 percent, up from 3.96 percent at this same time last week.
The 30-year fixed mortgage rate gradually increased last week, peaking at 4.19 percent on Saturday before coming down to the current rate.
“Rates rose steadily last week despite the lackluster jobs report released on Friday,” said Erin Lantz, vice president of mortgages at Zillow. “This week, with little domestic economic news slated for release, we expect international news to determine whether rates will keep rising, or fall back below 4 percent.”
Additionally, the 15-year fixed mortgage rate this morning was 3.11 percent, and for 5/1 ARMs, the rate was 2.88 percent.
Purchase Mortgage Application Activity
Zillow predicts tomorrow’s seasonally adjusted Mortgage Bankers Association Weekly Application Index will show purchase loan activity increased by 4 percent from the week prior. To learn more about this Zillow analysis, click here.