Teton Pass was a blast on Sunday for both furry friends and backcountry enthusiasts. Jackson Hole real estate activity: NEW: Two contiguous Melody Ranch lots right on Flat Creek, both about a half acre with one priced at $545,000 and the other $494,500. As good as it gets in Melody Ranch. CLOSED: Teton Mountain Lodge 1-bed lockoff condo after 387 days on market, listed for $695,000. PENDING: Timbers...
mortgages
In a story titled "Where to Find the Money" out this weekend in Wall Street Journal, Bank of Jackson Hole is cited as an example of a lending institution that is not hesitating to take on mortgages to qualified borrowers. While consumer lending fell nationally by 3.8 percent in 2009, BOJH saw consumer lending rise by 34 percent. The article offers one possible reason: "Smaller lenders and credit unions...
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...