Must be spring in Melody Ranch as the ponds are melting and the (frozen) ground is visible. Jackson Hole Multiple Listing Service Hotsheet Highlights: PENDING: Penthouse Hotel Terra unit listed for $1.5 million. But that’s not the big news for Hotel Terra today on the Hotsheet … if interested in these Teton Village luxury condos please contact me. NEW: Gros Ventre North building site with BIG...
Interest rates
We’ve been hearing for a good solid six months now that interest rates for home mortgages are about to rise. Any day now. No doubt about it. Yet they have remained at approximately 4.875 percent for a conforming 30-year, fixed-rate loan since late last year. Are they about to rise? Don’t ask me, I’m just a Realtor! But local banker Richard Uhl, vice president and real estate loan officer for First...
Jackson Hole banker Richard Uhl, real estate loan manager for First Interstate Bank, says home loan rates have been gradually increasing in recent weeks. “We are currently at 5.25 percent on a “Conforming” 30-year fixed rate loan. The 30-year fixed Fannie Mae required net yield (wholesale price to lenders) is at the highest level since August 24. As we continue to see a decrease in Fed purchases...
Two national real estate stories caught my eye this morning. The first is from Realty Times and the second from RIS Media. Both tout the nationwide rise in October sales, which mirrors the strong October sales numbers for Teton County reported here last week. Both also make sure to give most of the credit to the $8,000 first-time homebuyer’s tax credit originally set to expire Nov. 30. The credit has...