Builder unveils Murphy Creek units
Frontier Communities LLC is opening its Murphy Creek sales office next month to showcase the first Townhomes at Murphy Creek.
Construction of the 101 units will begin this fall. Prices for the units, ranging from 1,150 square feet to 1,500 square feet, start at about $180,000.
At the northeast corner of E-470 and Jewell Avenue in the Murphy Creek Golf Course Community in Aurora, Townhomes at Murphy Creek is 11 miles from the Denver Tech Center and 9 1/2 miles from Denver International Airport.
The community offers more than 7 miles of trails, a community center, nearly 400 acres of parks and open space and access to the 18-hole Murphy Creek Golf Course.
Ranch in pair’s sights
Two Jackson Hole, Wyo., businessmen have bought a 2,200-acre ranch they plan to develop with homes and an upscale shooting club. About 65 miles from Jackson Hole, Lazy Triple Creek Ranch is the vision of Ron Saypol and Scott Pierson, who are known for combining land conservation with sophisticated development. It will feature shooting clays, skeet and trap shooting and bird hunting.
Presentation on Web
Denver’s M.D.C. Holdings Inc., which builds under the name Richmond American Homes, will make a presentation at the UBS Building and Building Products CEO Investor Conference to be webcast Wednesday. The webcast can be played through Dec. 2 at RichmondAmerican.com. Click on “Investors” and select the UBS conference name.
Mortgage rates at highest level in 15 months
Rates on 30-year mortgages stayed above 6 percent for the third straight week, rising to the highest level in 15 months. Mortgage giant Freddie Mac reported Thursday that the nationwide average for 30-year, fixed-rate mortgages rose last week to 6.15 percent, up from 6.10 percent for the week ended Oct. 20 and the highest level since 30-year mortgages were at 6.21 percent in late July 2004. Below are average mortgage rates in Denver, Adams and Arapahoe counties as of Thursday and the previous 52 weeks. The one-year Treasury bill average reported by the Federal Reserve Bank is 4.19 percent. The Cost of Funds Index for August from the Federal Home Loan Bank (11th District) was 2.870 percent.
