March 11, 2009 - Christy & Garth Gillespie

One of the finest loan representatives in the Jackson Hole area is T.R. Pierce from the Bank of Jackson Hole. T.R. Pierce is the senior vice president loan officer at the largest “local” bank in Jackson Hole and for the past few years has been educating the Jackson Hole real estate agents on the current local mortgage rates. As part of our weekly updates we will be posting T.R.’s report about once a week. This should give readers a good idea of local rates. We of course recommend calling T.R. Pierce, SVP Residential Loans, 307.734.8111 for an appointment if you would like additional information on mortgages. Today’s report is below:

Conforming fixed rate and short term ARM rates are unchanged this morning as stocks continue their rally with financial shares leading the surge. Citigroup and Bank of America jumped more than 10% after Treasury Secretary Geithner said the government will use capital injections to spur lenders to sell distressed securities. The stock market is also responding positively to the $410 billion bill passed by Congress which will boost domestic spending, loosen the trade embargo on Cuba and fund thousands of congressional pet “earmark” projects!

BANK OF JACKSON HOLE

Residential Mortgage Rates for March 11, 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.

PROGRAM CONFORMING

(Loans to $417,000)
JUMBO
(Loans over 417,000)

30 Year Fixed
4.875%
7.875%

15 Year Fixed
4.625%
6.875%

10/1 ARM
5.500%
7.875%

7/1 ARM
5.250%
5.000%

5/1 ARM
4.125%
4.750%

3/1 ARM
5.000%
6.625%

30 YEAR FIXED RATE FHA LOANS TO $693,750: 5.000%
PRIME RATE: 3.250%
ONE YEAR LIBOR RATE: 2.258%

For information on the Jackson Hole Real Estate Market keep checking into this Blog! You can also visit our excellent website Jackson Hole Experts where we provide you with Market Updates, Newest Listings, our Top Picks of the Week!
Call Garth at 307-739-8056.

If you know Christy and me you know we love it here in Jackson Hole, Wyoming. The fresh air, the majestic mountains, the incredible community, the recreation, the restaurants, the arts the list goes on and on. Jackson Hole is a special place. Well, the residents for the rest of our great state, must feel the same way because in a recent Gallop poll Wyoming was rated the third happiest state in the country only behind our neighbor, Utah and the beautiful islands of Hawaii. I have attached the link to the article.

In other news – Christy and I attend the PAWS furball this weekend at the Four Seasons Resort and we had a blast. Thank you to the Four Seasons Resort – Jackson Hole as they put on a great show with fabulous food, cocktails and atmosphere. As for PAWS – cheers to you. It was one of the finest run charity events we have attended. The marketing was top notch, the event was extremely well planned and all we saw were smiling faces though out. Not to mention an incredible auction where we witnessed the bidding for the coveted front cover of the PAWS calendar reach record amounts and finishing with the “Auctioneer” Leland Christenson saying, “and the winner with the final bid of $47,500.00 wins the front cover for the 2010 Paws Calendar” We witnessed a few “high-fives” after that in the room.

Thank you Jackson Hole! Christy and Garth Gillespie just won the “Best Husband and Wife Real Estate Team” in the Planet Jackson Hole Weekly first annual “Best Of 2009”. We are honored and humbled by your votes and will continue to provide the best real estate service in Jackson Hole. We appreciate your votes!

If you need any assistance with real estate questions or thoughts please feel free to call 739-8056 or email the JacksonHoleExperts – we are here to help.

Jackson Hole Mortgage Rates and Comments – March 11, 2009

Wyoming Ranks As One Of the Happiest States In The Country

QUICK LINKS

CHRISTY GILLESPIE

GARTH GILLESPIE

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