Gateway Land & Development

Category Archives: Mortgages

Fixed-rate mortgages were on the rise this week, but the 30-year fixed-rate remains well below 4 percent.

“Treasury yields marched higher this week. As a result, the 30-year mortgage rate jumped 7 basis points to 3.66 percent,” says Sean Becketti, Freddie Mac’s chief economist. “The Federal Reserve’s decision to leave the Federal funds rate unchanged triggered a 9 basis point drop in the 10-year Treasury yield on Wednesday, however the drop occurred too late to impact this week’s survey.”

Freddie Mac reports the following national averages with mortgage rates for the week ending April 28:

  • 30-year fixed-rate mortgages: averaged 3.66 percent, with an average 0.6 point, rising from last week’s 3.59 percent average. Last year at this time, 30-year rates averaged 3.68 percent.
  • 15-year fixed-rate mortgages: averaged 2.89 percent, with an average 0.6 point, increasing from last week’s 2.85 percent average. A year ago, 15-year rates averaged 2.94 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.86 percent, with an average 0.5 point, up from last week’s 2.81 percent average. A year ago, 5-year ARMs averaged 2.85 percent.

Source: Freddie Mac

There is definitely no reason to panic. Interest rates are looking good and now is a great time to buy to take advantage of the rates.

For help finding your dream home, call Greg Peterson (970) 331-1333.

 

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Founded in 1975, Canine Companions for Independence is a non-profit organization that enhances the lives of people with disabilities by providing highly trained assistance dogs and ongoing support to ensure quality partnerships. Headquartered in Santa Rosa, CA, Canine Companions is the largest non-profit provider of assistance dogs, and is recognized worldwide for the excellence of its dogs, and the quality and longevity of the matches it makes between dogs and people. The result is a life full of increased independence and loving companionship.

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Grab a leash and be part of Canine Companions DogFest Walk ‘n Roll! It’s a community dog walk that supports the mission of Canine Companions for Independence. Put together a team of friends, family members and coworkers. Then fundraise to earn a cool DogFest prize. If you raise $100, you’ll get a DogFest bandana to sport at DogFest. Then come to DogFest for a tail-waggin’ good time!

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If you are interested in being a part of DogFest in any way please email Greg Peterson at greg@gatewayland.com or visit his website.

 

 

The GoPro Mountain Games are the nation’s largest celebration of mountain sport, lifestyle and music featuring top professional and amateur athletes from around the world.  The environmentally-friendly adventure sporting event hosts approximately 3,500 outdoor athletes, along with an estimated 53,000 spectators.
2012_SMG_Mahone_BlackLab          concert

Athletes converge on Vail’s mountains and rivers to compete in 26 sports for over $110,000 in prize money.  Events include kayaking, rafting, stand up paddling, mountain biking, road cycling,World Cup Bouldering, amateur climbing, fly-fishing, trail running, the slackline world championships, mud runs, dog runs, and a half marathon.
bike    kayak

Additional events at the GoPro Mountain Games include: a film series, Outdoor Reels; aphotography competition, Mountain Click; an interactive expo area, Gear Town; DockDog canine competitions and free concerts at Mountains of Music.
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To register for events, or for more information, please visit www.gopromountaingames.com.

 For more information on living the mountain lifestyle, call Greg Peterson at 970-331-1333.

The bottom of the feet are direct access points to some organs in the human body, which are also known as meridians in the Chinese Medicine. Nervous system is closely correlated with Meridian system. These meridians represent pathways to each organ of the human body.

The bottom of the feet have 7,000 (basically meridians) different nerve endings that are directly connected to different organs. A lot of electrical circuits in the body are dormant because we always wear shoes. This is the main reason why you should walk outside barefoot whenever you have a chance.

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To ground yourself with the earth’s negative ion filed and to stimulate the meridians of your feet, you have to walk barefoot as much as you can.

If purify your internal organs and to open up these electrical meridians without any diet related, you have to cut up garlic or onion and place them in your socks while you are sleeping (at the bottom part of the feet).

Garlic and onions kill bacteria and germs when applied to the skin topically. The substance from the onion that makes you cry enters the blood stream, kills any germ and bacteria and purifies the blood. The consumption of the veggies has a lot of beneficial effects to the human body.

Kill Germ and Bacteria and Purify Your Blood with These Simple Steps:

 

Step 1: Cut an Organic Onion into Slices (Red White Onions)

Organic onions do not contain pesticides and chemicals. You only have to slice and apply them to the bottom of the feet while you sleeping.

Step 2: Place the Onions on the Bottom of Your Socks

The healing power of the onion will work through your skins which will kill germs, bacteria and the absorbing toxins while you sleep.

The Amazing Benefits of Putting Onion in Your Socks

  • Purification of the Blood
  • Kills Pathogens, Germs and Bacteria – Garlic and onion have strong anti viral and anti bacterial properties.
  • Purify the Air – It will free your feet of chemicals and toxins and keep them smell better.

 

We are so fortunate to be surrounded by so many small/boutique businesses here in the Vail Valley. All you have to do is walk through the Edwards Riverwalk District and you are surrounded by fabulous boutique businesses locally owned.

Whether you are looking for sports equipment, fitness studios, books, clothes and even real estate, you are going to find it locally owned and locally proud. These small boutique businesses are filled with owners and staff making sure the “small town feeling” is alive for everyone to enjoy. These owners are right there working hard everyday trying to create that special moment for each and every person that walks through the door.

Enjoy the satisfying feeling of walking into a boutique business, as a customer, supporting the people right here in our community. So remember, next time you are out in the community, shop local and support your friends and neighbors.

Come on in, we will treat you like family.

 

 

The foreclosure process is certainly one that bears a lot of attention in Eagle County, and as of the end of the year 2012, there has been a noticeable drop in those numbers. Over the past year there were 309 foreclosure sales compared to 338 in 2011. More significantly, in 2012 there were 446 initial flilings compared to 615 in the previous year, a 28% drop. What those numbers mean can vary widely since the process itself can take quite a bit of time, sometimes over a year to complete.

In addition to the pain and anquish caused by a foreclosure for a homeowner, the Brokerage community is also affected by the negative impact of those foreclosures as well. However, with the above mentioned numbers in mind, there is new optimism that we may soon a recovery from the dark years of 2008 to 2011. The economy has stabilized in Eagle County, which could mean more and better jobs could be around the corner. Also, a lot of homeowners who have been affected by dropping values have chosen to go through the Short Sale process and sell their homes for less than the mortgage amount, with the permission of their bank. The end result of this process is that homes are now moving through the system faster than in the past, and this increase in 'velocity' has meant that real estate sales have picked up, which always helps the overall market. One should also be reminded that interest rates continue to be the lowest in history, which will always make for an increase in applications.

Resort areas such as Vail and the surrounding areas are what we call 'lagging' indicators, meaning it took a lot longer for our economy to be hit originally, but it also means it will take a lot longer for a 'recovery' to take place. It is still a Buyers Market, but we at Gateway are always available to help you fins that 'special' deal that makes the most sense for interested buyers.

One of the most important decisions that consumers face today is whether to buy or to rent. So for starters, take a look at what has transpired since the housing crisis of 2008. Home prices are starting to rebound from their lows and prices have risen 2.3% from last year, but rents have been rising even faster at 4.7%.Secondly, mortgage rates are at an all time low and have been as low as 3.5%. Therefore when looking at rents and home prices in the summer of 2012, if you plan to stay in your home for 7 years(the average occupany period) you can save $771.00 per month by purchasing your home rather than renting.

Trulia has done a comparison of the 100 largest metro areas in the country and then broken down the costs of owning and compared that to renting the same property. With a 20% down payment and with a mortgage rate of 3.5% and, assuming the Owner prepares his tax return by itemizing his deductions, there is a huge difference in the two choices. One caveat here is that every market has different values so the city comparison is not always the same. in cities such as NY, Los Angeles. San Diego the difference in buying is anywhere from 24% to 31%, but take some other cities like Detroit, Toledo, Memphis the benefits of buying over renting can be 60% to 70%. However, even though the percentage is different, the annual dollar savings are bigger because the absolute rents and home prices are so much higher. Always remember that itemizing your deductions lets you subtract your mortgage payments and your property taxes from your pre-tax income, which lowers your tax burden by owning.

These are all true facts that can be proven when looking for your home, so please call and let me help you find the right opportunity before you make an decisions.