Freddie Mac reported on Thursday that 30-year fixed interest rates for mortgages remain below 5 percent (4.91). This is good news for buyers, of course, potentially saving them thousands in lower monthly payments over the course of the loan. This article in Realty Times has the comprehensive quote: "Interest rate on 30-year fixed-rate mortgage loans fell for the third consecutive week to the lowest...
Market statistics
It’s a little early to guess if November’s total number of closings will exceed the 2009 high of 29 recorded in October, but it appears unlikely. So far this month there have been eight closings in Teton County and eight new pending sales, with 60 pending sales overall. Additionally, barring a few big-ticket closings in the last week of the month, total sales as reported to the Teton County...
Recently reported statistics from October show the month was the best of the year for Teton County real estate, with 29 units sold through the Multiple Listing Service for $37.27 million. Only March and July of this year also saw sales higher than $16 million, with each recording sales of approximately $33 million. On the other hand, 2009 is sure to be one of the slowest years for real estate sales in...