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Spring 2011 Mortgage Trends
Handing over house keys
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Celebs' homes won't sell: Take my mansion!

Barry Manilow
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Barry Manilow

Who: Barry Manilow.

Manilow is a singer-songwriter who writes the songs "the whole world sings," just finished an Australian tour, received a star on the Hollywood Walk of Fame and launched Manilow.TV -- a website that contains videos from his personal archives.

Mansion: Manilow's Malibu, Calif., beachfront mansion, perched atop a sandy beach, has an enclosed backyard, floor-to-ceiling windows overlooking the ocean, limestone floors, a two-story living room with a fireplace, and is a walled and gated contemporary home with a courtyard entrance and detached guest house, all located on Malibu Road.

Price: Purchased in 1999 for $3 million, it was listed in May 2009 for $10.9 million, pulled off the market in December 2009, and re-listed in March 2010 for $9.15 million until November 2010, when it was dropped to $7.9 million.


 

 

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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
4.01% 4.04%
15 yr fixed mtg
3.11% 3.18%
5/1 ARM
2.82% 2.88%
30 yr fixed mtg refi
4.00% 4.03%
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