When you book with Telluride Resort Lodging for the 18th annual Blues & Brews Festival this September 16, 17 and 18, you'll receive your 3rd night of lodging free! (with some restrictions).
If I can provide you with more information this offer or Telluride real estate, please don't hesitate to contact me at 970-728-1234, buzz@fedorka.com or www.fedorka.com.
Friday, September 9, 2011
Friday, August 26, 2011
Mortgage Rates Hit A 50-Year Low
According to Kerri Panchuk of HousingWire, some fixed mortgage rates have hit their lowest in the last 50 years. The full story:
The 30-year, fixed-rate mortgage hit lows not seen in five decades this week as the Federal Reserve committed to keeping the federal funds rate low through 2013, according to the Freddie Mac Primary Mortgage Market Survey.
Thursday, August 18th, 2011, 9:48 am
The 30-year, fixed-rate mortgage hit lows not seen in five decades this week as the Federal Reserve committed to keeping the federal funds rate low through 2013, according to the Freddie Mac Primary Mortgage Market Survey.
European debt concerns also riled the market, staving off a hike in mortgage rates, according to Frank Nothaft, vice president and chief economist for Freddie Mac.
The 30-year, fixed-rate mortgage dropped to 4.15% from 4.32% a week earlier and 4.42% last year. Nothaft said 30-year, fixed mortgage rates are at their lowest levels in five decades.
Meanwhile, the 15-year, FRM hit 3.36%, down from 3.50% a week earlier and 3.90% last year. In addition, the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.08% this week, down from 3.13% a week earlier and 3.56% a year ago, while the one-year Treasury-indexed ARM averaged 2.86%, down from 2.89% last week and 3.53% last year.
The low rates kept refinancing activity high. In the first half of 2011, refinancing applications represented nearly 70% of all mortgage activity.
Bankrate attributes the record low interest rates to "weakness in the U.S. economy and the accompanying demand for Treasury securities."
According to Bankrate's survey, the 30-year, FRM hit 4.45%, down from 4.46% last week, while the 15-year, FRM hit 3.58%, down from 3.61% a week earlier.
The 5/1 ARM fell to 3.15% from 3.24% a week earlier.
For more information on this, referrals to a local Telluride mortgage broker, or for more information about Telluride real estate, please feel free to contact me at 970-728-1234, buzz@fedorka.com and www.fedorka.com.Monday, August 22, 2011
"Forget The Market. Buy A House." -- Wall Street Journal, August 18, 2011
Quoted from the Wall Street Journal, August 18, 2011:
Forget the Market. Buy a House.
By Jilian Mincer
With the Dow Jones Industrial Average down more than 400 points today, and many market experts predicting more volatility ahead, some advisers are recommending their clients put some of their cash to another use: To buy that house or summer home at the shore.
Potential homebuyers certainly have plenty of incentives: Home prices are still way down in many parts of the country, and mortgage rates are nearing their all-time lows. Consider: The benchmark 30-year fixed-rate mortgage fell 1 basis point this week, to 4.45 percent — just a few basis points above the record low hit in October 2010, according to the Bankrate.com national survey of large lenders. Freddie Mac, meanwhile, reported today that the 30-year fixed-rate mortgage averaged 4.15% for the week ended Aug. 18, its lowest reported rate in 50 years.
Another reason to act now, say experts: While the recent passage of the debt deal is likely to keep mortgage rates low for now, homebuyers could soon find themselves with fewer incentives once the details of the debt deal are ironed out. Lawmakers have been debating a simpler tax system with lower tax rates and fewer tax breaks that could include reducing the generous mortgage tax deduction as part of the long-term spending cuts that must be agreed on this fall.
Of course, buyers still need significant down payments, stellar credit and job security, but if “you’re financially prepared to do so, it’s a great time to buy a house,” says Greg McBride, senior financial analyst at Bankrate.com. “Affordability is tremendous, and if you’re in a position where you have the financial security that others are lacking, you’re in a great position to grab a good deal.” Rebecca Hall, a financial planner in Reston, Va., said several of her clients have decided to buy second homes instead of putting more money in the market. “People don’t view real estate as volatile as the market,” says Hall. “Housing prices go down, but people aren’t on-line looking at it every day,” she says. “You view housing as a much longer term investment so it’s a little easier to handle [the volatility].”
If I can provide further information on this article or on Telluride real estate, please give me a call at 970-728-1234, email buzz@fedorka.com, or visit my website at www.fedorka.com.
Forget the Market. Buy a House.
By Jilian Mincer
With the Dow Jones Industrial Average down more than 400 points today, and many market experts predicting more volatility ahead, some advisers are recommending their clients put some of their cash to another use: To buy that house or summer home at the shore.
Potential homebuyers certainly have plenty of incentives: Home prices are still way down in many parts of the country, and mortgage rates are nearing their all-time lows. Consider: The benchmark 30-year fixed-rate mortgage fell 1 basis point this week, to 4.45 percent — just a few basis points above the record low hit in October 2010, according to the Bankrate.com national survey of large lenders. Freddie Mac, meanwhile, reported today that the 30-year fixed-rate mortgage averaged 4.15% for the week ended Aug. 18, its lowest reported rate in 50 years.
Another reason to act now, say experts: While the recent passage of the debt deal is likely to keep mortgage rates low for now, homebuyers could soon find themselves with fewer incentives once the details of the debt deal are ironed out. Lawmakers have been debating a simpler tax system with lower tax rates and fewer tax breaks that could include reducing the generous mortgage tax deduction as part of the long-term spending cuts that must be agreed on this fall.
Of course, buyers still need significant down payments, stellar credit and job security, but if “you’re financially prepared to do so, it’s a great time to buy a house,” says Greg McBride, senior financial analyst at Bankrate.com. “Affordability is tremendous, and if you’re in a position where you have the financial security that others are lacking, you’re in a great position to grab a good deal.” Rebecca Hall, a financial planner in Reston, Va., said several of her clients have decided to buy second homes instead of putting more money in the market. “People don’t view real estate as volatile as the market,” says Hall. “Housing prices go down, but people aren’t on-line looking at it every day,” she says. “You view housing as a much longer term investment so it’s a little easier to handle [the volatility].”
If I can provide further information on this article or on Telluride real estate, please give me a call at 970-728-1234, email buzz@fedorka.com, or visit my website at www.fedorka.com.
Monday, July 11, 2011
Additional Weekly Overnight Flight Into Telluride This Summer
Great Lakes has added an additional weekly overnight flight between 7/17/11 and Film Festival/Labor Day Weekend on Saturday nights. What this means is that there is now an overnight Denver-Telluride flight coming in on: Thursday/Friday/Saturday/Sunday, and an early AM return from Telluride-Denver on: Friday/Saturday/Sunday/Monday
Also note that Great Lakes has added some additional flights over Film Festival. It's now easier than ever to get to Telluride!
For more information on this or Telluride area real estate, please feel free to contact me at 970-728-1234, buzz@fedorka.com or www.fedorka.com.
Also note that Great Lakes has added some additional flights over Film Festival. It's now easier than ever to get to Telluride!
For more information on this or Telluride area real estate, please feel free to contact me at 970-728-1234, buzz@fedorka.com or www.fedorka.com.
Friday, July 8, 2011
Summer Concert Series Lineup Announced!
Telluride Mountain Village Owners Association (TMVOA) announces the 2011 Sunset Concert Series!
Every Wednesday Starting at 6:00pm, Free
July 6th - August 24th Sunset Plaza, Mountain Village
The Telluride Mountain Village Owners Association invites you to another season of outstanding music on the Sunset Concert Series stage. In its 12th year, the series brings an impressive lineup to town; a mix of blues, soul, reggae, psychedelic and more. The party happens at Sunset Plaza, on the lawn near Lift 1. The bands start at 6:00pm every Wednesday and they play rain or shine. All Sunset Concert Series shows are completely free and open to the public; the series is sponsored by Elevation Vacations, All Phases Event Group, and lumière.
The 2011 Sunset Concert Series Lineup:
July 13
The Stone Foxes ~ Foot stompin' blues-rock in the mold of Zeppelin and the Stones. For more information on The Stone Foxes, click here
July 20
Joint Point ~ Hailing from the mountains of Southern Colorado, and built on the strength of their original and improvisational musical adventures, Joint Point is quickly becoming a coveted commodity for the hungry Colorado music scene.. For more information on Joint Point, click here
July 27
3 Twins ~ subdudes members John Magnie, Tim Cook and Steve Amedee featured on HBO's Treme. For more information on 3 Twins, click here
Aug 3
Paul Thorn ~ Passionate songs that mix blues, gospel and country-rock. For more information on Paul Thorn, click here
Aug 10
Nathaniel Rateliff ~ Critically acclaimed, rustic Americana singer-songwriter who is an opening act for Mumford & Sons this summer. For more information on Nathaniel Rateliff, click here
Aug 17
Mountain Standard Time ~ Colorado groove-grass bolstered by sax and drums following the lead of SCI, Leftover Salmon and the Flecktones. For more information on Mountain Standard Time, click here
Aug 24
Ruthie Foster ~ Grammy-nominated blues-folk singer/guitarist and member of the new Warren Haynes Band. For more information on Ruthie Foster, click here
Every Wednesday Starting at 6:00pm, Free
July 6th - August 24th Sunset Plaza, Mountain Village
The Telluride Mountain Village Owners Association invites you to another season of outstanding music on the Sunset Concert Series stage. In its 12th year, the series brings an impressive lineup to town; a mix of blues, soul, reggae, psychedelic and more. The party happens at Sunset Plaza, on the lawn near Lift 1. The bands start at 6:00pm every Wednesday and they play rain or shine. All Sunset Concert Series shows are completely free and open to the public; the series is sponsored by Elevation Vacations, All Phases Event Group, and lumière.
The 2011 Sunset Concert Series Lineup:
July 13
The Stone Foxes ~ Foot stompin' blues-rock in the mold of Zeppelin and the Stones. For more information on The Stone Foxes, click here
July 20
Joint Point ~ Hailing from the mountains of Southern Colorado, and built on the strength of their original and improvisational musical adventures, Joint Point is quickly becoming a coveted commodity for the hungry Colorado music scene.. For more information on Joint Point, click here
July 27
3 Twins ~ subdudes members John Magnie, Tim Cook and Steve Amedee featured on HBO's Treme. For more information on 3 Twins, click here
Aug 3
Paul Thorn ~ Passionate songs that mix blues, gospel and country-rock. For more information on Paul Thorn, click here
Aug 10
Nathaniel Rateliff ~ Critically acclaimed, rustic Americana singer-songwriter who is an opening act for Mumford & Sons this summer. For more information on Nathaniel Rateliff, click here
Aug 17
Mountain Standard Time ~ Colorado groove-grass bolstered by sax and drums following the lead of SCI, Leftover Salmon and the Flecktones. For more information on Mountain Standard Time, click here
Aug 24
Ruthie Foster ~ Grammy-nominated blues-folk singer/guitarist and member of the new Warren Haynes Band. For more information on Ruthie Foster, click here
Monday, June 27, 2011
TMVOA's Red White & Blues Celebration Details
From the TMVOA:
The Telluride Mountain Village Owners Association (TMVOA) Presents...
Red, White & Blues Celebration!
Saturday, July 2, 2010 from 2:00 - 6:00 p.m.
Featuring Hot 8 Brass Band
Kick off the 4th of July holiday weekend with a free concert in Sunset Plaza!
Join us on Saturday, July 2nd at 4:00 pm to kick off the 4th of July holiday weekend with a free concert in Sunset Plaza. This year, TMVOA is proud to present Hot 8 Brass Band.
Click here for more information on Hot 8 Brass Band.
In previous years, TMVOA has been proud to bring performances by Lavay Smith and her red hot skillet lickers, Grace Potter and the Nocturnals, The Blind Boys of Alabama, and Jonny Lang for this family event.
In addition to great live music, there will be family-friendly activities beginning at 2:00 pm, including X-box gaming, balloon tying, jumping castle, face painting, and the ice cream social benefitting the Telluride Adaptive Sports Program (TASP).
We hope to see you in Telluride for the 4th of July Holiday Weekend! For more information on this or Telluride area real estate, please feel free to contact me at buzz@fedorka.com; 970-728-1234 or visit www.fedorka.com.
The Telluride Mountain Village Owners Association (TMVOA) Presents...
Red, White & Blues Celebration!
Saturday, July 2, 2010 from 2:00 - 6:00 p.m.
Featuring Hot 8 Brass Band
Kick off the 4th of July holiday weekend with a free concert in Sunset Plaza!
Join us on Saturday, July 2nd at 4:00 pm to kick off the 4th of July holiday weekend with a free concert in Sunset Plaza. This year, TMVOA is proud to present Hot 8 Brass Band.
Click here for more information on Hot 8 Brass Band.
In previous years, TMVOA has been proud to bring performances by Lavay Smith and her red hot skillet lickers, Grace Potter and the Nocturnals, The Blind Boys of Alabama, and Jonny Lang for this family event.
In addition to great live music, there will be family-friendly activities beginning at 2:00 pm, including X-box gaming, balloon tying, jumping castle, face painting, and the ice cream social benefitting the Telluride Adaptive Sports Program (TASP).
We hope to see you in Telluride for the 4th of July Holiday Weekend! For more information on this or Telluride area real estate, please feel free to contact me at buzz@fedorka.com; 970-728-1234 or visit www.fedorka.com.
Friday, June 24, 2011
$89 A Night Lodging
The Telluride Ski & Golf's lodging division is offering $89 per room per night at the Bear Creek Lodge. For more information, call 800-778-8581.
For more information on this or on Telluride area real estate, please feel free to contact me at buzz@fedorka.com, 970-728-1234 or www.fedorka.com.
For more information on this or on Telluride area real estate, please feel free to contact me at buzz@fedorka.com, 970-728-1234 or www.fedorka.com.
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