Firms team on townhouse project
Guinness Development is teaming up with Sprocket Design to build 10 townhouses at 34th Avenue and Tejon Street. The new development, called Tejon Square, will feature two-bedroom, two-bath units and include attached two-car garages. The townhouses are priced from $275,000 to $365,000. The project is expected to be completed in March.
Ski’s Mountain Home to continue
Ski Magazine plans to publish a third issue of its real estate special supplement, Ski Magazine’s Mountain Home.
The publication, to be released in March, was introduced last year to provide readers with the latest information, developments, designs, trends and ideas in mountain real estate.
Help for homebuyers
Frontier Communities and the Douglas County Housing Partnership are teaming to help qualified first-time homebuyers purchase a new home. The organizations are offering up to $11,770 in down-payment assistance to people who purchase homes in Douglas County. Frontier Communities, developer of Prairie Walk on Cherry Creek in Douglas County, is a partner in the program. Prairie Walk is at E-470 and Jordan Road in Parker. It has a limited number of two-bedroom condominiums priced from $136,900. The community also includes a 5,000-square-foot clubhouse, pool, year-round hot tub, fitness center and easy access to Cherry Creek Trail.
Mortgage rates slip for second straight week
National rates on 30-year mortgages fell for a second consecutive week, but analysts still believe the future direction will be up. Mortgage giant Freddie Mac reported in its weekly survey Thursday that rates on 30-year, fixed-rate mortgages averaged 6.26 percent this week, down from 6.28 percent the week before. 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 4.30 percent. The Cost of Funds Index for October from the Federal Home Loan Bank (11th District) was 3.074 percent.
