Found 20 blog entries tagged as Montana.

Revised Loan Limits for 2022
Provided by Gina Marshall, Wealth Management Mortgage Loan Officer with US Bank- Bozeman

Conforming loan limit for the following has increased to:

Single-family homes is $647,200 
2 unit is $828,700
3-unit $1,001,650
4 unit $1,244,850

The new FHA limit in Gallatin County is $603,750 (single family)

VA follows conforming at $647,200 however If the borrower has sufficient entitlement there is no longer a loan limit for VA,  changed in 2020.

**Second Home Loans ** 
News Release

FHFA Announces Targeted Increases to Enterprise Pricing Framework

Upfront Fee Adjustments for High Balance Loans and Second Home Loans to Take Effect April 1, 2022

FOR IMMEDIATE RELEASE

1/5/2022

​​Washington, D.C. – Today, the Federal…

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In addition to a long wait for Season 4 of "Yellowstone", we also have a new series in the works...

Following the successes of Yellowstone and Big Sky, a new series set around the history of John Bozeman and gunslinger William McKenzie is on the books for production in Montana starting soon.

Thanks to an expanding film industry and generous tax credit coordinated through the Montana Film Office, the series is being produced by Oscar-winning actor Richard Dreyfuss and writer/historian Jerry K Williams, who will serve as creator of the show and star alongside Dreyfuss.

the show Bozeman, Montana will revolve around the early history of Bozeman, John Bozeman's history as a young farmer in the region, and have a heavy focus on the relationship between…

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What drives the risk of a house price correction?

According to JP Morgan, the housing bust and subsequent recession were deepest in the areas where mortgage borrowing expanded the most in the pre-crisis years, driving unsustainable increases in prices. During the 2006-2011 housing bust, price declines were closely intertwined with growth in mortgage debt during the boom. The growth in mortgage debt from 2003 to 2006 explains about half of the variation across counties in the decline in real prices from 2006 to 2011.

Another notable feature of the mid-2000s housing market is the presence of high prices even in places where the supply of housing could – and did – expand rapidly. Indeed, in the mid-2000s, prices rose well above cost in a number of markets…

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Visit a Dude Ranch

Sponsored by the Dude Ranchers’ Association and shared from Explore Big Sky

Is there really any better way to experience the West than on horseback? We’ll wait…but in our opinion, the answer is simple: no there isn’t! Get your boots on and saddle up cowboys and cowgirls, because no matter where you are in Montana or the western United States, there’s a dude ranch nearby, ready to provide you with an authentic Western vacation experience, complete with a cowboy hat. 

PHOTO COURTESY OF RAINBOW TROUT RANCH

Since 1926 the Dude Ranchers’ Association has been assisting adventure seekers looking for the ride of their lives. Their website is a database of all registered member dude ranches in the U.S., helping pair you with a…

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Governor Bullock Announces Montana to Enter Phase Two of Reopening Plan on June 1 Governor Steve Bullock today announced the state will move to Phase Two of the Reopening the Big Sky plan and will lift the 14-day out-of-state travel quarantine beginning June 1 as Montana continues to have the lowest number of positive COVID-19 cases and hospitalizations per capita.  “Montana has been an example for the rest of the nation in our response to this global pandemic. I have no doubt that we can continue to be that example, but only if Montanans, businesses, and visitors alike continue to take seriously the responsibility we all have in protecting others,” Governor Bullock said. “As we continue with the next phase in our reopening, our goal…

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From a recent article by University of Montana, researchers in the Center for Translational Medicine at the University of Montana have been awarded $2.5 million in funding from the National Institutes of Health to identify and advance a COVID-19 vaccine candidate.

The principal investigator on the two-year award is Dr. Jay Evans, the center director and a research professor in UM's Division of Biological Sciences.

"When the call came from NIH in February to shift focus and develop a vaccine against SARS-CoV-2, we quickly adjusted lower priority vaccine projects to focus our efforts on this urgent need," Evans said. "Our dedicated team of experienced researchers stepped up in the face of school closures, stay-at-home orders and social distancing to rapidly…

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Montana also has the lowest number of hospitalizations, per capita, in the nation.

Wednesday, April 22, 2020/Categories: Governor's Office/Tags:

Governor Steve Bullock today announced a gradual and phased reopening of the state beginning Sunday for individuals, and extending to businesses on Monday.

“There are very few states in the country that can say they have seen the number of positive cases decline over these past weeks. Montana can say that because, together, we have made that decline in cases possible,” Governor Bullock said. “While there is reason for optimism this is not a time for celebration. I am going to ask Montanans to continue to go to great lengths to protect one another, to continue looking out for our neighbors who need it…

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After 5 states extended their stay at home order, Montana is now the only state planning a reopening this week. Colorado is next on the list, except Denver.

Montana is still slated to begin lifting restrictions on Friday, April 24.  Democratic governor, Steve Bullock, issued a statement last Friday saying: “I want to open things up as much as any Montanan. We will do it in a way that will protect Montanans’ lives and the recovery of our economy.”

Montana is also surrounded by states without a "Stay At Home" order. North & South Dakota, Utah and Wyoming all avoided the order, but have restrictions that are similar as well as closed schools.

For a list of which states are scheduled to open and the timeframe, visit this site.

…

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Given the volatility of mortgage rates in recent weeks, time is of the essence for those looking to secure cheap home financing!


Mortgage rates largely remained unchanged over the past week, but their ups and downs since the beginning of the year have created challenges for those looking to get a loan to buy a home.

The 30-year fixed-rate mortgage remained flat at an average of 3.33% during the week ending April 9, Freddie Mac FMCC, -0.34% reported Thursday. A year ago, the 30-year fixed-rate mortgage averaged 4.12%.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage also stayed the same over this last week, averaging 3.4%. The 15-year fixed-rate mortgage, meanwhile, fell five basis points to an average of 2.77%.

Freddie Mac’s…

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With all of the bad news being thrown at us, here is a little glimmer of positivity...turn off the news and just look up what you need to know and try not to get depressed, we will get through this sooner than later.

In the last few weeks, there has been a lot of volatility in the markets- stock markets which in turn direct our mortgage rates via the 5 and 10 year Treasury, we watch the stock markets react to the current news and go up and down drastically. Trying to time my IRA contribution or buying a great stock on sale is like trying to catch a falling knife. Well, this week we have seen 3 consecutive days on the upswing, finishing over 22,500 today on the Dow Jones Industrial, 7,797 on the Nasdaq and 2,630 on the S & P. Expect even more volatility…

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