Posts tagged Comments

’30-year Mortgage Rates Fall Below 4% for the First Time’

Oct 7th

Posted by Channel 1 Networks in Business

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For the first time ever, 30-year mortgage rates fall below 4%.  Not to be confused with 15year fixed-rates which hit a 50 year low of 3.26% a few weeks ago, the 30-year mortgages dropped below 4% for the first time in history.  The interest rate loan fell to 3.94% this week, the lowest rate since Freddie Mac began tracking it.

These record low mortgage rates can result in considerable savings for homeowners.  To show you the savings, take the 30-year interest rate from a few months ago, 4.6%, the difference between the 4.6% and the new 3.94% would decrease your monthly payment by $40 for every $100,000 borrowed.  Total your payments over the life of the loan and you would save almost $14,000 for every $100,000 borrowed.

These drastic savings are why NOW is the most affordable homes have ever been.  If you look at it this way, for every 1% drop in interest rates, it will decrease your monthly payment by almost 10%.  Average that 10% drop over 30 years and that’s a substantial savings.  Take the example above.  If you bought a home for $300,000, you would most likely put $50,000 or more down on the house, leaving a $250,000 mortgage.  If you could like in todays rate over the previous 4.6% your savings in payment over the 30 year life of your mortgage would total nearly $35,000.

If you have been thinking about buying a home or re-financing, I would like to hear from the public how the low mortgage rates have affected you.  Comments?

 

Bill Allen, re/max of boulder, ballen@boulderco.com

Boulder County Accepting Comments on Stream Restoration Project

Nov 23rd

Posted by Channel 1 Networks in Environmental News

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Boulder County, Colo. – Boulder County Parks and Open Space is accepting public comments until December 22 regarding a potential partnership with the U.S. Army Corps of Engineers Omaha District for a stream restoration project along Lower Boulder Creek on Boulder County’s Alexander Dawson property, located between N 109th Street and Kenosha Road.

Parks and Open Space and the Corps and will also host a public meeting on December 15 at the Boulder County Recycling Center (1901 63rd St., Boulder) from 5:30 p.m. to 7:30 p.m. A formal presentation will take place at 6:30 p.m. and public comment will be recorded.

The Lower Boulder Creek Aquatic Ecosystem Restoration Project is a joint endeavor with Parks and Open Space and the Army Corps of Engineers. The project is led by the Corps and involves approximately a one-mile reach of Lower Boulder Creek. Parks and Open Space has been working with the Corps on the planning for the project since 2002.

Under Section 206 of the Water Resources Development Act of 1996, the Corps can undertake restoration projects in aquatic ecosystems, such as rivers, lakes, and wetlands, with a non-federal sponsor, such as Boulder County. The program provides up to $5 million in federal funding based on a 65% federal / 35% local sponsor cost-sharing agreement.

To learn more about Parks and Open Space’s involvement in the project and to submit comments, visit www.BoulderCountyOpenSpace.org or contact the project planner, Ernst Strenge, at 303-678-6269 or LBC@bouldercounty.org.

To find out more about the Corps’ draft Detailed Project Report and Environmental Assessment, and to provide comments to the Corps about the project itself, visit the Corps’ website at:

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