RATES FROM OUR FRIENDS AT FIRST INTERSTATE BANK
Home Loan Rates:
30 Year Fixed (Conforming) - 5.00%
15 Year Fixed (Conforming) - 4.50%
5/1 ARM (Conforming) - 4.875%
30 Year Fixed (Jumbo) - 6.75% (Lowest we've seen in awhile)
15 Year Fixed (Jumbo) - 6.625% (Lowest we've seen in awhile)
5/1 ARM (Jumbo) - 5.875%
If you have any questions, please contact Graham4: 307-690-0204
Tuesday, February 24, 2009
Thursday, February 19, 2009
Overview of the Economic Stimulus Plan from our friends at Bank of Jackson Hole:
Economic Stimulus Plan Benefits the Housing and Mortgage Industries
Revised February 17, 2009
Just signed and sealed…a $787 Billion Stimulus Plan made up of tax cuts and spending programs aims at reviving the US economy. Although the package was scaled down from nearly $1 Trillion, it still stands as the largest anti-recession effort since World War II.
Home owners and potential homebuyers stand to gain from key provisions in this stimulus plan. Here is what we know as of today...
Tax Credit for Homebuyers
First-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Remember a tax credit is very different than a tax deduction – a tax credit is equivalent to money in your hand, as opposed to a tax deduction which only reduces your taxable income.
The tax credit starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000. Buyers will have to repay the credit if they sell their homes within three years.
Additional Housing-Related Provisions
Tax Incentives to Spur Energy Savings and Green Jobs — This provision is designed to help promote energy-efficient investments in homes by extending and expanding tax credits through 2010 for purchases such as new furnaces, energy-efficient windows and doors, or insulation.
Landmark Energy Savings — This provision provides $5 Billion for energy efficient improvements for more than one million modest-income homes through weatherization. According to some estimates, this can help modest-income families save an average of $350 a year on heating and air conditioning bills.
Repairing Public Housing and Making Key Energy Efficiency Retrofits To HUD-Assisted Housing—This provision provides a total of $6.3 Billion for increasing energy efficiency in federally supported housing programs. Specifically, it establishes a new program to upgrade HUD-sponsored low-income housing (for elderly, disabled, and Section 8) to increase energy efficiency, including new insulation, windows, and frames.
Expanding Housing Assistance—This provision increases support for several critical housing programs. It includes $2 Billion for the Neighborhood Stabilization Program to help communities purchase and rehabilitate foreclosed, vacant properties.
More Help for Homeowners in the Future
Another thing to keep an eye on in the coming weeks is President Obama’s plan to help struggling borrowers before they are faced with a default on their mortgage.
According to reports, the Obama administration is discussing plans to help borrowers who are struggling to stay afloat, but who have not yet fallen behind on their payments. At this point, details are scarce; however, reports indicate that President Obama is looking to spend approximately $50 Billion to directly help homeowners before they face foreclosure and financial disaster.
While this is good news for individual homeowners, it will likely be good for the housing industry as a whole. That’s because, assisting struggling borrowers before they default should help stop the wave of foreclosures, which are estimated to top two million this year. That, in turn, will help stabilize home prices.
The Economic Stimulus Plan is huge, and impacts a number of industries. Highlighted above are just some of the major provisions that may impact you now and in the future.
Please contact Graham4 with any questions: 888-301-2402
Economic Stimulus Plan Benefits the Housing and Mortgage Industries
Revised February 17, 2009
Just signed and sealed…a $787 Billion Stimulus Plan made up of tax cuts and spending programs aims at reviving the US economy. Although the package was scaled down from nearly $1 Trillion, it still stands as the largest anti-recession effort since World War II.
Home owners and potential homebuyers stand to gain from key provisions in this stimulus plan. Here is what we know as of today...
Tax Credit for Homebuyers
First-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Remember a tax credit is very different than a tax deduction – a tax credit is equivalent to money in your hand, as opposed to a tax deduction which only reduces your taxable income.
The tax credit starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000. Buyers will have to repay the credit if they sell their homes within three years.
Additional Housing-Related Provisions
Tax Incentives to Spur Energy Savings and Green Jobs — This provision is designed to help promote energy-efficient investments in homes by extending and expanding tax credits through 2010 for purchases such as new furnaces, energy-efficient windows and doors, or insulation.
Landmark Energy Savings — This provision provides $5 Billion for energy efficient improvements for more than one million modest-income homes through weatherization. According to some estimates, this can help modest-income families save an average of $350 a year on heating and air conditioning bills.
Repairing Public Housing and Making Key Energy Efficiency Retrofits To HUD-Assisted Housing—This provision provides a total of $6.3 Billion for increasing energy efficiency in federally supported housing programs. Specifically, it establishes a new program to upgrade HUD-sponsored low-income housing (for elderly, disabled, and Section 8) to increase energy efficiency, including new insulation, windows, and frames.
Expanding Housing Assistance—This provision increases support for several critical housing programs. It includes $2 Billion for the Neighborhood Stabilization Program to help communities purchase and rehabilitate foreclosed, vacant properties.
More Help for Homeowners in the Future
Another thing to keep an eye on in the coming weeks is President Obama’s plan to help struggling borrowers before they are faced with a default on their mortgage.
According to reports, the Obama administration is discussing plans to help borrowers who are struggling to stay afloat, but who have not yet fallen behind on their payments. At this point, details are scarce; however, reports indicate that President Obama is looking to spend approximately $50 Billion to directly help homeowners before they face foreclosure and financial disaster.
While this is good news for individual homeowners, it will likely be good for the housing industry as a whole. That’s because, assisting struggling borrowers before they default should help stop the wave of foreclosures, which are estimated to top two million this year. That, in turn, will help stabilize home prices.
The Economic Stimulus Plan is huge, and impacts a number of industries. Highlighted above are just some of the major provisions that may impact you now and in the future.
Please contact Graham4 with any questions: 888-301-2402
Wednesday, February 18, 2009
Wednesday, February 11, 2009
Teton Springs Lodge and Spa on the Today Show!
Check out the link below.
http://today.msnbc.msn.com/id/26184891/vp/18424824#28892662
View 2 beautiful Teton Springs Listings below:
Click below link for more information:
http://www.graham4jh.com/idahoproperties/homes/08_5512/Profile1.html
Click below link for more information:
http://www.graham4jh.com/idahoproperties/homes/1_6782I/Profile1.html
Check out the link below.
http://today.msnbc.msn.com/id/26184891/vp/18424824#28892662
View 2 beautiful Teton Springs Listings below:
Click below link for more information:
http://www.graham4jh.com/idahoproperties/homes/08_5512/Profile1.html
Click below link for more information:
http://www.graham4jh.com/idahoproperties/homes/1_6782I/Profile1.html
Wednesday, January 21, 2009
Below Rates are brought to you by our friends at First Interstate Bank
Mortgage Interest Rates as of – January 20, 2009
Conforming
30 year Fixed
4.875
15 year Fixed
4.500
5 year ARM
5.375
Super Conf
30 year Fixed
*
15 year Fixed
*
5 year ARM
*
JUMBO
30 year Fixed
7.500
15 year Fixed
6.750
5 year ARM
5.875
Note: With the current volatility in the mortgage markets, please call for quotes on the various ARM programs.
Please contact Graham4 with questions. info@graham4jh.com
Mortgage Interest Rates as of – January 20, 2009
Conforming
30 year Fixed
4.875
15 year Fixed
4.500
5 year ARM
5.375
Super Conf
30 year Fixed
*
15 year Fixed
*
5 year ARM
*
JUMBO
30 year Fixed
7.500
15 year Fixed
6.750
5 year ARM
5.875
Note: With the current volatility in the mortgage markets, please call for quotes on the various ARM programs.
Please contact Graham4 with questions. info@graham4jh.com
Tuesday, January 20, 2009
Graham4 Jackson Hole
GRAHAM4-OPEN HOUSES-JANUARY 21, 2009
Exquisite Mountain Living In-Town
10:00am to 1:00pm
List Price: $1,690,000
This marvelous 3,608 sq. ft., 3 BR mountainside home has been impeccably remodeled and expanded with tasteful high-end finishes that create exquisitely comfortable living spaces on three levels. Beautifully nestled into a forested hillside in Snow King Estates, this exceptional home has great Teton & Elk Refuge views from large windows & decks; national forest trails are right out the back door.
Click here for more information:
http://www.graham4jh.com/jacksonproperties/homes/09_149/Profile1.html
Charming Home in Cottonwood
10:00am to 1:00pm
List Price: $595,000:
This charming 1,512 sq. ft., 3 BR, 2 Bth home is a good value in Jackson’s residential neighborhood, Cottonwood Park. The home has a lovely 0.24 acre landscaped lot adjacent to open space with mountain views, deck, trees; a living room w/ vaulted ceilings and a gas stove, an open kitchen and sizable dining area; a large master; 2 guest bedrooms, 2 bathrooms and a 2 car garage.
Click here for more information:
http://www.graham4jh.com/jacksonproperties/homes/09_14/Profile1.html
Exquisite Mountain Living In-Town
10:00am to 1:00pm
List Price: $1,690,000
This marvelous 3,608 sq. ft., 3 BR mountainside home has been impeccably remodeled and expanded with tasteful high-end finishes that create exquisitely comfortable living spaces on three levels. Beautifully nestled into a forested hillside in Snow King Estates, this exceptional home has great Teton & Elk Refuge views from large windows & decks; national forest trails are right out the back door.
Click here for more information:
http://www.graham4jh.com/jacksonproperties/homes/09_149/Profile1.html
Monday, January 12, 2009
Graham4 Jackson Hole
This weeks mortgage rates are brought to you by our friends at BANK OF JACKSON HOLE:
Interest rates are unchanged this morning as oil prices fall more than $2 to $38.25 a barrel. Oil prices have fell 54% last year and have shed more than $100 from a record peak of above $147 a barrel last July! Wall Street is down this morning as investors show caution as quarterly corporate reporting begins with Alcoa being the first to report. The Dow component, which warned last week it will cut about 13% of it global workforce, is due to post its earnings result after the stock market closes today.
BANK OF JACKSON HOLE
Residential Mortgage Rates for January 12, 2009
The following rates are thirty (30) day quotes for fully documented, owner-occupied and/or second home loans for borrowers with a minimum credit score of 700 which feature a one (1%) percent loan origination fee and the escrow of taxes & insurance.
PLEASE NOTE THAT CONFORMING LOAN AMOUNTS OVER $417,000 TO $625,500
ARE AVAILABLE AT HIGHER INTEREST RATES THAN INDICATED BELOW.
CONFORMING
(Loans to $417,000)
30 Year Fixed
4.750%
15 Year Fixed
4.500%
10/1 ARM
5.125%
7/1 ARM
4.875%
5/1 ARM
4.750%
3/1 ARM
5.000%
JUMBO
(Loans over $417,000)
30 Year Fixed
7.875%
15 Year Fixed
6.875%
10/1 ARM
7.875%
7/1 ARM
5.875%
5/1 ARM
5.625%
3/1 ARM
6.625%
30 Year Fixed Rate FHA Loans to $625,000: 5.000%
Prime Rate: 3.250%
One Year Libor Rate: 1.855%
Super Jumbo - We have lending sources for loan amounts up to $3,000,000.
Please contact Graham4 with questions or if you would like to receive regular emails. info@graham4jh.com
Interest rates are unchanged this morning as oil prices fall more than $2 to $38.25 a barrel. Oil prices have fell 54% last year and have shed more than $100 from a record peak of above $147 a barrel last July! Wall Street is down this morning as investors show caution as quarterly corporate reporting begins with Alcoa being the first to report. The Dow component, which warned last week it will cut about 13% of it global workforce, is due to post its earnings result after the stock market closes today.
BANK OF JACKSON HOLE
Residential Mortgage Rates for January 12, 2009
The following rates are thirty (30) day quotes for fully documented, owner-occupied and/or second home loans for borrowers with a minimum credit score of 700 which feature a one (1%) percent loan origination fee and the escrow of taxes & insurance.
PLEASE NOTE THAT CONFORMING LOAN AMOUNTS OVER $417,000 TO $625,500
ARE AVAILABLE AT HIGHER INTEREST RATES THAN INDICATED BELOW.
CONFORMING
(Loans to $417,000)
30 Year Fixed
4.750%
15 Year Fixed
4.500%
10/1 ARM
5.125%
7/1 ARM
4.875%
5/1 ARM
4.750%
3/1 ARM
5.000%
JUMBO
(Loans over $417,000)
30 Year Fixed
7.875%
15 Year Fixed
6.875%
10/1 ARM
7.875%
7/1 ARM
5.875%
5/1 ARM
5.625%
3/1 ARM
6.625%
30 Year Fixed Rate FHA Loans to $625,000: 5.000%
Prime Rate: 3.250%
One Year Libor Rate: 1.855%
Super Jumbo - We have lending sources for loan amounts up to $3,000,000.
Please contact Graham4 with questions or if you would like to receive regular emails. info@graham4jh.com
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