Mortgage rates barely rose this week in Miami. Meanwhile, former Miami Heat star LeBron James sold his Coconut Grove mansion, the South Florida Business Journal reports.
The 16,678-square-foot mansion sold for $13.4 million to the owners of Mayfair in the Grove. This is the highest price for a home sold in northern Coconut Grove, at $803 per square foot. The home was listed in October 2014 for $17 million, and then lowered to $15 million in March. The sale at $13.4 million was a 49% premium over the $9 million he paid for the home in 2010.
The Journal says the home was built in 2010 and has 6 bedrooms, 8 1/2 bathrooms and docks for a pair of 60-foot yachts. Other amenities include a wine cellar, a chef's kitchen, custom theater, guest home, generator and rooftop sundeck. The outside boasts an infinity-edge pool and a summer kitchen.
This week's rates
The benchmark 30-year fixed-rate mortgage in Miami remained at 4.08%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.07 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.05%.
The benchmark 30-year jumbo mortgage, for loans of $417,000 and up, grew to 3.96% from 3.92%. The benchmark 15-year fixed-rate mortgage remained at 3.21%. The benchmark 5/1 adjustable-rate mortgage rose to 3.21% from 3.13%.
Weekly mortgage survey
|Results from Bankrate's Sept. 2 survey of mortgage lenders. Monthly payments are for a $165,000 loan. The jumbo rate is for the minimum jumbo loan amount of $417,000 in Miami.|
|30-year fixed||15-year fixed||5-year ARM||30-year jumbo|
|This week's rate:||4.08%||3.21%||3.21%||3.96%|
|Change from last week:||N/C||N/C||+0.08||+0.04|
|Change from last week:||N/C||N/C||+$7.24||+$9.60|