Hello again from the Middle Methow
Someone said to me the other day. "I love summer." Duh. What's not to love, temperatures in the mid 80's the rivers are perfect for a nice float or a quiet afternoon on the beach. The high country is finally open and if the 80's on the valley floor is too hot for you, it's in the 70's at 4000 feet. A fellow was up on Hart's Pass this weekend marveling at the wildflowers. The streams and river continue to be above normal flows, so the river rafting season has extended. The river level has lowered enough now for the fishing to improve.
The real estate market continues to be very active. All our Windermere agents are busy showing everyday. Nice to hear real estate agents complain about being too busy. Price reductions are what's happening this week with 12. Some great deals out there.
Got to go. Have a great week.
Bob
Real Estate on-line details with pictures.
Attached is the Methow Valley real estate market report link for the last 7 days. An easy way to stay on top of the changes in real estate market in the Methow
http://www.matrix.nwmls.com/DE.asp?ID=3137059637
The link above has all the listings in the graph. "Tip." You can change the display to thumbnail pictures or your preference.
Note: Status A=Active S=Sold E=Expired CA=Cancelled
Find all the listing information at:
http://windermere-methow.com
Join us on facebook:
http://www.facebook.com/pages/Windermere-Real-Estate-Methow-Valley/127759670614550
This Weeks Bank Owned Properties:
For bank owned properties the national average for sales price reductions is about 30% below market value. See the link below for the 7 bank owned Methow Valley properties.
http://www.matrix.nwmls.com/DE.asp?ID=3137085937
Recreation: Trails-Methow Valley Ranger District
North
http://www.fs.fed.us/r6/oka/recreation/mvtrailn.shtml
South
http://www.fs.fed.us/r6/oka/recreation/mvtrials.shtml
Methow River Report
http://waterdata.usgs.gov/wa/nwis/uv?cb_all_00060_00065=on&cb_00060=on&cb_00065=on&format=gif_default&period=7&site_no=12449950
River Guides on the Methow River
www.alpineadventures.com/ methow
www.blueskyoutfitters.com/methow -prices.php
www.riverrider.com/rivers/methow .htm
Weather:
This Afternoon: Mostly sunny, with a high near 80. West wind around 9 mph.
Tonight: Mostly clear, with a low around 46. West wind between 9 and 11 mph.
Tuesday: Sunny, with a high near 84. Northwest wind 7 to 9 mph becoming east.
Tuesday Night: Clear, with a low around 48. Calm wind becoming west between 7 and 10 mph.
Wednesday: Sunny, with a high near 87. West wind between 3 and 8 mph.
Wednesday Night: Mostly clear, with a low around 52.
Thursday: Sunny, with a high near 87.
Thursday Night: Mostly clear, with a low around 52.
Friday: Sunny, with a high near 88.
Friday Night: Mostly clear, with a low around 53.
Saturday: Sunny, with a high near 87.
Saturday Night: Partly cloudy, with a low around 53.
Sunday: Mostly sunny, with a high near 86.
http://forecast.weather.gov/MapClick.php?CityName=Twisp&state=WA&site=OTX&textField1=48.3636&textField2=-120.121&e=0
Web Cams:
Loup Loup Ski Bowl
http://www.skitheloup.com/loup_cam
Mid Valley
http://www.methownet.com/methowwebcam.html
Sun Mountain
http://www.sunmountainlodge.com/lodgecam.html
Pasayten Wilderness
Pass Report:
All passes are open!!!!
http://www.wsdot.wa.gov/traffic/passes/
Methow Valley Backcountry Horseman
July 4 Meeting and Potluck at Twisp River Horse Camp
http://www.mvbch.com/
Methow Naturalist
August and September are the best months to look for mushrooms in the montane forests and high mountainsprior to the onset of freezing temperatures that put an end to metabolic activity. The moister areas are likely to be the most productive, although this year that could very well be anywhere in the uplands. The various campgrounds and trails along the North Cascades Highway are good habitat, as is the Rainy Pass area. I've seen enough Lactarius deliciosus (Delicious milk capwhich Aurora say's is "not necessarily delicious") to sink a ship in August. Other mountain species include Chicken-of-the-woods, the Conifer coral, the Honey mushroom, and perhaps the most prized edible of all, the King bolete. Among birds, this is the month to look for unusual shorebirds returning from the north; lesser yellowlegs, least, solitary, Western and semi-palmated and pectoral sandpipers have all be spotted along lakeshores in the Methow in August. As for flowers, the late snowmelt should ensure that north-facing mountain drainages will be a riot of pink monkeyflower (Mimulus lewisii) red willowherb (Epilobium latifolium) along with late-blooming yellow arnica.
http://www.methownaturalist.com/
Events:
Monday
Pool and Poker * 3:00 pm Play at the Eagles Hall. Info: 997-8133.
Practice Your French TwispWorks 4:30 pm until 5:30 pm In the Board Room. Info: 997-0717.
Community Soccer Ice Rink & Trailhead 5:00 pm until 7:00 pm All levels welcome.
Tuesday
Kids Pottery Class * 9:30 am Jim Neupert teaches 7-12 year olds at his studio. Aug 16-19. $110. Info/register: 997-5556.
Healthy Steps Twisp Grange 12:00 pm until 1:00 pm Therapeutic exercise with Nancy Farr. Info: 996-2017.
StoryTime Twisp Library 1:00 pm Storytime with an art project. Info: 997-4681.
Roller Skating, Ice Cream Methow Valley Community Center 1:00 pm Music party to celebrate summer reading program in the gym. Info: 997-4681.
AA Masonic Hall 6:30 pm Meeting. Info:(509)923-9130.
Play Ultimate Frisbee Twisp Park 6:30 pm fun
Wednesday
Mothering Group Room One 10:00 am until 12:00 pm Meets 1st & 3rd Wednesdays. Info: 997-2050.
Make Books Methow Valley Community Center 10:00 am until 1:00 pm Every third Wednesday at Door No. 3. Info: 4499-1789.
Storytime Winthrop Library 1:30 pm Stories, fingerplays, songs, crafts, etc. Info: 996-2685.
Mazama Community Market Mazama Community Center 5:00 pm until 7:00 pm Theme: Goats. Produce, food, arts, crafts, fun and more. Info: 996-3299.
Community Soccer Ice Rink & Trailhead 5:00 pm until 7:00 pm All levels welcome.
Mountain Bike Races Chickadee Trailhead 5:45 pm Keep your skills sharp. Info: 996-3645.
Cruise-in 2011 Winthrop Barn & Auditorium 6:00 pm until 9:00 pm Drive that special car. Info: (509) 429-4235.
Family Dog Twisp River Pub 6:30 pm Jazz in the Beer Garden. Info: 997-6822.
RT Junior Burnt Finger Bar-B-Q 6:30 pm until 9:00 pm Cowboy Music. Info: 996-8221.
Karaoke Bj's Branding Iron Cafe & Saloon 9:00 pm SING. Info: 997-0400.
Thursday
Women Infants Children Room One 9:00 am WIC help w/ nutrition, health, food. Appointment: (800)660-2129, ext 3660.
ThursdayTennis Nights * 5:00 pm LBHS & Winthrop courts. All levels. 5pm skills clinic at LB. 6pm matches both. Res/Info: Dave 996-4115.
WSU Raptor Club with Live Birds North Cascades Basecamp 5:30 pm until 8:00 pm Potluck at 5:30pm. Your chance to be close to and learn about these large birds at 6:15pm. $5/person includes dessert. Info: ...
Mindfulness Based Stress Reducti Winthrop Physical Therapy & Fitn 6:00 pm until 7:00 pm Sharon Cohen's free presentation on program helpful for reducing medical symptoms, anxiety, depression. Info: 997-2152.
Friday
Heart of the Methow Twisp Park 12:00 am Traditional Native American Pow Wow. Details TBA. Info: 997-4904.
Free Health Care for Kids Country Clinic 8:00 am for uninsured kids 18 and under. Make appointment: 996-8180.
Watercolor Drop-in Studio Confluence Gallery & Art Center 9:00 am With Patty Yates. $10/session. Info: 997-2787.
Freestyle Dance The Studio 5:45 pm until 6:45 pm Dance for good health. $5. Info: 997-7337.
Bingo * 6:00 pm Play at the Eagles Hall. Info: 997-8133.
Groove Patrol Old Schoolhouse Brewery 7:00 pm Funk, rock ($2 cover). Info: 996-3183.
Class of 1981 * 8:00 pm Thirty years later. Gather at The Eagles. Info: (509)738-2175.
Karaoke Bj's Branding Iron Cafe & Saloon 9:00 pm Sing. Info: 997-0400.
Saturday
Heart of the Methow Twisp Park 12:00 am Traditional Native American Pow Wow. Details TBA. Info: 997-4904.
Shibashi Twisp Park 8:30 am until 9:30 am Body/energy movement.
Twisp Farmers Market Methow Valley Community Center 9:00 am Produce, food, arts/crafts, music and more.
Class of 1981 * 12:00 pm Noon at Pearrygin Lake and 6pm at Twisp River Pub. Info: (509)738-2175.
Paper Art Club Confluence Gallery & Art Center 1:00 pm until 5:00 pm Class w/ Leslie Strand. $30.00 includes supplies. Info/Pre-register: 997-ARTS.
Mule Deer Foundation Winthrop Barn & Auditorium 5:00 pm Banquet and Auction. Dinner at 6pm. $50/ single; $65/couple. Live auction 7pm. RSVP. (509)429-2976.
Groove Patrol Old Schoolhouse Brewery 7:00 pm Funk, rock ($2 cover). Info: 996-3183.
Massy Ferguson Twisp River Pub 9:00 pm Raucous Rock Americana. Info: 997-6822.
Karaoke Bj's Branding Iron Cafe & Saloon 9:00 pm Sing. Info: 997-0400.
Sunday
Heart of the Methow Twisp Park 12:00 am Traditional Native American Pow Wow. Details TBA. Info: 997-4904.
Winthrop Market Winthrop Park 10:00 am until 2:00 pm Arts, artisans, crafts, plants, produce, fun and more. Info: 341-9102.
Bluebird Farms Celebrates Salmon Blue Bird Grain Farms 5:00 pm Wine, hors d'oeuvres and facility tour followed by Glover St Mkt catered locally sourced dinner. $45. Tickets at brownpaperti ...
Nick Drummond Twisp River Pub 8:30 pm Guitarist/Vocalist with Tyler Carson on Fiddle. Info: 997-6822.
Monday
Pool and Poker * 3:00 pm Play at the Eagles Hall. Info: 997-8133.
Practice Your French TwispWorks 4:30 pm until 5:30 pm In the Board Room. Info: 997-0717.
Lender's Corner:
As of noon Monday
Conventional Home Loans Eagle Mortgage
Rates for the week of August 15th, 2011
Why do we do the most
Rates are low low low
Call and check if YOU should refi
Loan Product Fixed Rate Points APR
Amount
$ 150,000 30 year conventional Fixed 4.250% 1 4.481%
$ 150,000 15 year conventional Fixed 3.625% 1 3.798%
$ 150,000 Guaranteed Rural Housing Fixed 4.000% 1 4.352%
$ 150,000 30 Year FHA or VA Fixed 4.125% 1 4.499%
$ 150,000 Manufactured Homes Fixed 4.500% 1 4.923%
Call Mike Thornton (NMLS #160217) at 509 826-1965 or 429-3500
Eagle Home Mortgage LLC, License # s: NMLS#160217. CL-41184
Rates and terms subject to change. This is not an advertisement
to extend credit as defined by Regulation Z. All Rights Reserved.
All loan based on 150,000 loan amount
Conventional rates based on 740 credit score, FHA rates Based on 640 credit score
Wells Fargo Home Mortgage
Hope you had a wonderful weekend.
Wow, the rates are fantastic! Hope all your fence sitters are ready to make a move. Let me know how I can help.
The current interest rates shown below are based on a refinance of a single-family, primary residence. For current purchase rates, contact me at 425-417-0561.
Interest rates displayed below require that you pay 1% of your loan amount toward the loan discount points.
For information on the many other loan options we have available, contact me at 425-417-0561.
as of 08/15/2011
Product Interest Rate APR
Conforming and FHA Loans
30-Year Fixed 4.250% 4.433%
30-Year Fixed FHA 4.250% 5.251%
15-Year Fixed 3.375% 3.691%
5-Year ARM 2.625% 3.040%
5-Year ARM FHA 3.250% 3.236%
Larger Loan Amounts in Eligible Areas — Conforming and FHA.
30-Year Fixed 4.375% 4.508%
30-Year Fixed FHA 4.250% 5.195%
5-Year ARM 2.875% 3.079%
Jumbo Loans — Amounts that exceed conforming loan limits
30-Year Fixed 4.625% 4.760%
5-Year ARM 3.125% 3.167%
Lisa Anne Savage
Mortgage Consultant, Retail
Wells Fargo Home Mortgage
P6422-020
22102 17th Ave SE
Bothell, WA 98021
(425)489-4227 Tel | (866)486-6504 Toll-free | (425)417-0561 Cell | (866)359-5368 Fax
Lisa.A.Savage@wellsfargo.com
NMLSR ID: 414022
To get pre-approved click on the link below.
http://www.wfhm.com/lisa-savage1
Guild Mortgage Company
hope you have had a great week.
As we go into the weekend I thought I would pass something on to you
that may be of value for your clients. You hear it, I hear it from our clients
...."we want to wait to see what happens......"
....."we want to see if prices will come down more before we buy....."
And here we are saying to ourselves, "what are you waiting for?"
Interest rates are at historic lows (again!!). In fact FHA rates were at 4.00%,
USDA rates at 4.00%, and conventional rates touching 4.00% before
the selloff yesterday. And jumbo 7/1 ARM's below 4.00% !!
So we are at 4.25% for 30 year fixed rates at close of business today.
Home prices on average are already discountedt 20%-30% or more!!
Let me show you something:
If you have a $250,000 loan at 4.25% the P&I payment would be $1229.85
If the interest rate goes up 1% to 5.25% and you keep the P&I payment
at $1229.85 the amount financed is reduced by almost $38,000 to $222,716!!
Folks that is almost a 16% decrease in financing/purchasing power!
Interest rates may be low for awhile....but when they go up, it will be a hard fast move.
Remember 1980/1981 or 1993-1994?? If you have been through a few of these cycles you know what
I am talking about. Interest rates always go up faster than they will come down.
The Fed's want to stimulate the economy. Keeping short term rates low will spur
inflation. And if employment doesn't respond, then we will have exactly what we
experienced in the 1970's....high interest rates and high unemployment. That is
stagflation.
We all have clients sitting on the fence waiting for something to happen. Our call to
action is to educate, communicate the facts, and lead. Our customers are looking
for someone to lead them. What a great opportunity.
Have a great weekend!!
--
Drake Dornfeld
License Number MLO-22093
Sr. Loan Officer
Guild Mortgage Company
D 425-945-8011
C 425-445-0867
draked@guildmortgage.net
www.guildmortgage.net/drakedornfeld
Vacant Land and Lot Loans
Peoples Bank Wenatchee
Darel Ansley
Real Estate Loan Officer
NMLS# 500247
29 S. Wenatchee Avenue
Wenatchee, WA 98801
Office: (509) 664-5324
Mobile: (509) 860-3301
Fax: (509) 664-5315
For the week of August 8, 2011 — Vol. 9, Issue 32
Darel Ansley
Real Estate Loan Officer
NMLS# 500247
29 S. Wenatchee Avenue
Wenatchee, WA 98801
Office: (509) 664-5324
Mobile: (509) 860-3301
Fax: (509) 664-5315
Hi everyone,
Without going into detail on why all this is Economic stuff is happening and how long it will last; I at least want to pull out a positive: Mortgage rates are lower than I thought possible!
Today we locked someone in on a USDA purchase- 30 year fixed, no Origination Fee, 100% financing, no Mortgage Insurance, at 3.875% !!
That is insane, but as long as we are living through this train-wreck, we might as well get some renters into their own homes.
The client above now has a mortgage payment only $9 a month more than what his rent was.
Call or email with any questions or pre-quals.
For the week of August 15, 2011 — Vol. 9, Issue 33
Please note: We all know mortgage rates are extremely low and refinance activity has increased; however, our primary focus is, and always will be, on providing professional, caring service to our partners. Thank you for trusting us to get the job done for you and your clients.
Market Update
QUOTE OF THE WEEK..."Fear tends to manifest itself much more quickly than greed, so volatile markets tend to be on the downside."--Philip Roth
INFO THAT HITS US WHERE WE LIVE...It certainly was a volatile week for stocks (see below), but mortgage rates just calmly headed lower. This of course was directly related to the turbulent stock market, which sent investors to the relative safety of bonds, pushing mortgage bond prices up and interest rates down. Last week, rates on 30-year fixed-rate mortgages hit a new low for the year, while rates on 15-year fixed-rate mortgages, 5-year adjustable-rate mortgages (ARMs) and 1-year ARMs all registered new all-time lows. Small wonder purchase loan demand was up a bit over a year ago.
The National Association of Realtors (NAR) reported the median sale price for existing single-family homes fell 2.8% in Q2 compared to a year ago. Yet 41 metro areas saw price gains, up from 34 in Q1. The NAR's chief economist said, "Median home prices have been moving up and down in a relatively narrow range in many markets, which shows a stabilization trend." Another survey showed two-thirds of the markets reported bigger price gains in Q2 versus Q1.
BUSINESS TIP OF THE WEEK...Maintaining a high level of customer service is key to success. Have customers fill out customer satisfaction surveys to pinpoint areas that need improvement. Ask for testimonials and post them on your website.
Review of Last Week
FASTEN YOUR SEATBELTS...Last week's stock market gave investors a very bumpy ride. As of Thursday, the Dow had changed direction each day for the prior seven. Things calmed down Friday enough to deliver a second day of gains, leaving all three market indexes down for the week just a tad. In case you were in a news blackout, the negatives the media kept hammering were: S&P's downgrade of U.S. debt, worries over European banks and "double dip" recession fears.
The Fed met Tuesday, said the recovery is "considerably slower" than expected, so they'll keep the Funds Rate at 0.0%-0.25% "at least through mid-2013." Consumer confidence hit its lowest level since 1980, probably because it was measured during the debt ceiling fiasco. There is still no hard evidence we're falling into recession. In fact, for July, Retail Sales posted their biggest gain in four months, UP 0.5%, and UP 8.5% in the last year. Initial jobless claims fell to 395,000, way below April's high of 474,000. The economy isn't booming, but it isn't collapsing either.
For the week, the Dow ended down 1.5%, to 11269; the S&P 500 was down 1.7%, to 1179; and the Nasdaq was down 1%, to 2508.
There were enough stock market swings and economic worries to send investors to the safety of bonds. With current higher bond prices, we will now be tracking the FNMA 3.5% bond, which closed on Friday at $101.05. National average mortgage rates edged down to some new record lows, as covered above.
DID YOU KNOW?...A "constant dollar plan," or "dollar cost averaging," is an investment strategy to reduce volatility. Securities are bought in fixed dollar amounts at regular intervals, no matter which way the market is moving. So, as prices rise, fewer shares are bought and when prices fall, more are purchased.
This Week's Forecast
HOME BUILDING, EXISTING HOME SALES, INFLATION, MANUFACTURING...This week's broad look at things economic features July Housing Starts and Building Permits on Tuesday, expected off a little, followed by Thursday's July Existing Home Sales, forecast up, heading back to the 5 million per year level. PPI wholesale inflation and CPI consumer inflation are predicted to stay well within the Fed's guidelines.
We'll also see some key reads on manufacturing, with the Empire State Index for the New York region expected up, but the Philadelphia Fed Index for that area down from the prior month.
The Week's Economic Indicator Calendar
Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.
No report from
Northwest Farm Credit
509-836-3088
North central Washington Outdoor Report http://wdfw.wa.gov/weekender/
The Weekender Report
The latest in fish and wildlife recreational opportunities across Washington State
