It a real estate rarity to find a home that feels both opulent and cozy, yet that is exactly what buyers will discover at an extraordinary dwelling nestled on a stunning 17-acre plot in Aspen, CO. As it turns out, the combination of over-the-top luxury and true serenity does not come cheap; even after the … Read more
Actor Rob Lowe has finally managed to offload the Beverly Hills estate he has spent more than a year trying to sell—but had to chop more than $2.5 million from his original asking price to close the deal. The 60-year-old “St. Elmo’s Fire” star, who has become known as quite the prolific property purchaser, originally … Read more
Mortgage rates pulled back Thursday to their lowest level in over a year, a day after the Federal Reserve cut interest rates for the second time this year as the government shutdown neared the one-month mark and major companies announced mass layoffs. The average rate on 30-year fixed home loans fell to 6.17% for the … Read more
The demand for home loans rebounded with a 7.1% increase for the week ending Oct. 24, according to the Mortgage Bankers Association (MBA). It’s a turnaround from a week ago when mortgage applications decreased by 0.3%. The surge comes as mortgage interest rates dropped to 6.19%, the lowest level in over a year for the … Read more
Mortgage rates dipped yet again. The Freddie Mac 30-year fixed rate fell to 6.19%, its lowest level in more than a year. That’s a meaningful drop, and it comes as markets fully price in another possible Federal Reserve rate cut after it meets next week. While this gives buyers some breathing room, it’s worth noting … Read more