Teton Realty Today

Tag Archives: First Interstate Bank

JH banker: Home loan rates will rise

February 17, 2010 – 10:28 am

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 [...]

By Brian Siegfried | Posted in Uncategorized | Also tagged , | Comments (1)

JH banker: Interest rates to rise

December 29, 2009 – 9:40 am

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 [...]

By Brian Siegfried | Posted in Local news, Market statistics | Also tagged | Comments (0)

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

December 9, 2009 – 11:07 am

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 [...]

By Brian Siegfried | Posted in Local news, Market statistics | Also tagged , , | Comments (0)