This ultimate PARTY PAD is for sale in Bel Air! A must-see!

Here is the most unique party pad for sale in Bel-Air.

Asking price: $35,680,000

This home has 5 bed/ 5 bath, 4,361 sq. ft. of living space, and is on a 29,757 sq. ft. lot.

El Canto Del Agua features a glass wine cellar, a 20-person home theater, a fitness/wellness gym, and much more.

The backyard has a terraced pool with waterfalls, stepping stones, a conversation fire pit, and an ADU.

Bolder Fed inflation policy may catapult mortgage rates

At their last meeting in June, the Fed had a 75-basis point increase. That played a big part in the mortgage interest rates shooting up like crazy.

The Fed will now meet again at the end of July. Many economists predict the Fed will tighten its monetary policy further to control inflation. That could lead to another 75- or 100-basis point increase in the Fed’s short-term benchmark rate. While the Fed’s benchmark rate does not directly impact mortgage rates, it does influence them.

NAR Chief Economist Lawrence Yun said following the Fed’s last rate hike in June—its largest since 1994—that the buyer pool could shrink even further as mortgage rates increase.