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Today’s Jackson Hole Need to Know: 9.22.14

By   /  September 22, 2014  /  Today's Jackson Hole Need to Know, Uncategorized  /  No Comments

Jackson Hole real estate activity: CLOSED: Recently completed home in Gill Addition with 5 beds, 4,000 square feet, listed for $1.75 million. CLOSED: East Jackson 3-bed townhouse for MORE THAN list price of $429,000 after 112 days on market. PRICE REDUCED: Older Town of Jackson single-family home built in 1962 with 3 beds, list now […]

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JH banker: Home loan rates will rise

By   /  February 17, 2010  /  Uncategorized  /  1 Comment

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 […]

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JH banker: Interest rates to rise

By   /  December 29, 2009  /  Jackson Hole News, Market statistics  /  No Comments

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 […]

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Condo loans nearly non-existent; Rates still rock bottom, for now

By   /  December 9, 2009  /  Jackson Hole News, Market statistics  /  No Comments

Richard Uhl, real estate loan manager for First Interstate Bank in Jackson, and his associates visited the Sotheby’s office this morning to discuss the current lending climate. About a dozen agents took advantage. Beyond reiterating what we’ve all known for more than a year – lending guidelines for real estate transactions are very tight these […]

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