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Show rates have held within about a quarter percent margin, By the same token, the additional increases of May 16 This is the date of the next FOMC (Federal Open Market Committee) meeting, where the Fed is expected to raise the discount rate by another quarter percent. Next week, this column will take a closer look at the recent Fed increases, and the affect they had on mortgage rates. For now, suffice it to say that even though the Fed has raised the discount rate by one and per: cent (1.25 percent) since July of last year, mortgage -sized ranch-styl- e , Lewiston a feeling of substantiality. Hipped rooflines add yet another element of visual appeal. This home is designed for families who have little use for' formal living spaces. The functions generally served by a living room, dining room and family room are combined here in one large, bright and uniquely shaped great room. It boasts 8 ceiling, gas fireplace, and a richly windowed rear wall. One set of sliding glass doors provides access to a large patio. Interesting three-bedroo- ot angles characterize the walls opposite the win- dows. The kitchen, too, is angled. Amenities here include a step-ipantry, extensive counter space, and n Looking for thai one family who appreciates PRIDE OF OWNERSHIP! Spacious, yet cozy. N OREM vl spit bit in 93 is clean, model-lik- e hm. Grnd mstr ste whislier cists, ba wsep grdn tub, dbl shwr. Othr Xtras abound w 3 more Irg bdrm. 3 full ba. open fir plan, hi ceil, prof decor. Pergo, upgrd firs, sft wtr, woodgas frplc, 2 WD dwnstr wlk-ou- t, huge bkyrd, fncd, tramp, lots frt trees, lndscp, rm to grow, much more! This home you must see! Find at end of quiet cuWe-sa1268 N 540 W. Close to evrythng. Asking price below apprsl. $195,900 obo. Sllrs anx. For appt call Debbie 0 2 or Rhoda, SPANISH FORK - Urin and updated dlarter home. Updated kitchen Wdon-bl- e oven gu range. New .water heater and furnace. Storage ahed and much more. m sishsi uflnne isELLS! similar affect. the planned gradual increases. They tried just that in 1994, when it appeared the economy was June 26 tum. The discount rate was increased by a full per- f 7U-59763-H- 0( percent or more Fed thought (depending on who you ask). So back down came the rates. ' Prime rate came down from 9 percent to a low of 7.75 percent in a series of gradual decreases over the next 3 years. This time around, the Fed is taking it a bit slower 'just to make sure. gaining too much momen- . On this date, the FOMC meets once again. And, once again, economists are predicting an increase in the discount rate of percent. This is not one-quart- h Mark Greer is can be reached for loan questions or applications at his office in Jamestown Square, lf Mark Greer er guaranteed, but thus far the Fed has acted pre- - cent in a period. The total increase that year was peripercent in a od. What happened? Too much, too quick. The economy either stalled, or was never quite as good as the two-mont- ; dictably, with five such increases since" July of last Provo, or by calling Email: 898-633- : markgreeraol.com. home is visually appealing ranch-styl- e A brick facade and corner quoins gives the medium- year. One might wonder why the Fed doesn't simply raise the rate by a full per- cent all at once, instead of that are expected throughout the year should have a one-hal- one-quart- Informal 1 MORTGAGE built-i- n closet,OtherJuxu- ries in the master suite include: a small private patio with space for an outdoor spa, and a private bathroom with oversized shower, spa tub and sep'a-- ' rately enclosed toilet. For a review plan, including scaled floor plans, elevations, section and artist's conception, send $20 to Associated Designs, 1100 Jacobs Dr., Eugene, Ore. 97402. Please specify the Lewiston and include a return address when ordering, A catalog featuring 300 home plans is available for $12. For more information call walk-i- appliances. A large utility room with plenty of storage space is just steps Living Area Goroge Dimensions 2055 sqft. 524 sq.ft. 60'x52" www.odihoiMplan$.coRi away. The utility room has garage access as well, handy for unloading groceries in inclement weather or after dark. The garage is large enough to shelter two cars and still have space for storage and a workbench. Another one of those angled wall spaces is the master suite's spacious n 30-05- 1(800)634-0123- . AFFORDABLE QUALITY IN EAST SIDE COMMUNITIES $ ? , t SPECTACULAR VIEW LOTS UNFINISHED S Jfc LOT SIZES FROM 1 ' 9700 SQ. FT. 9 PLANS TO CHOOSE FROM BASEMENTS HOMES FROM $139,900 ui 3 LIMITED AVAILABILITY CLOSE TO ASPEN ELEMENTARY 9600 SQ. FT. 9 PLANS TO CHOOSE FROM T5 HOMES FROM $141,900 , PREPARED BY THE DAILY HERALD ADVERTISING DEPT. Golden Oak Homes, Inc. at Heber Landing, along with Builders Development Group, P.C. and Trinity Mortgage, cordially invite you to celebrate their Grand Opening of Heber landing on May 6th, 2000. Heber Landing is located at 1 800 S. Daniels Road in Heber City, Utah. Enjoy louring 3 wonderfully unique, fully decorated models. There will be free food and drink for all. Breathe the fresh mountain air and marvel at the panoramic views. Heber Landing, just 20 minutes from Park City, is surrounded by Strawberry Reservoir, Dear Creek Reservoir, and Jordanelle Reservoir as well as the Uintah Mountains and Wasatch national Park. With many great locations for hunting, fishing (both summer and ice fishing), boating, snowmobiling, and hiking, Heber Landing Is year-rounpermanent, resort-styl- e living without the resort living cost. Golden Oak Homes, Inc. are known for their quality and custom building prac tices as well as their honesty, fairness, and willingness to give their customers what they want. The owners, Brian Bouck and Mark Scott, began their first construction project together when, at the age of eight, they determined to dig a tunnel from one home to another. Fourteen years ago, they once again reunited their efforts and talents in the construction business. Since then, they have built many custom homes throughout the Salt Lake Valley. At Heber Landing, they have taken that same quality with which they built their custom homes and are building homes in the $1 40,000 to $200,000 range. Models are open dairy, Monday through Saturday, from 1 1 :00 a.m. - 7:00 p.m. Trinity Mortgage offers many innovative financing programs from $0 down o.a.c. n and even bad credit. Let us help to Nehemia, FHA, Conventional, 2-- 1 you make your dreams come true in a new Golden Oak Home at Heber Landing. 1 For more information call Mark at 430-243- 1 Or call or Brian at 450-242700 for further information. You can contact Terry Pulli at 801 680-8888 or by internet at www.impressiongroup.com LOT SIZES FROM , FULL BRICK i . V v 1 X STUCCO EXTERIORS UNFINISHED 2n LOT SIZES FROM 12,000 SQ. FT. BASEMENTS HOMES FROM 2700 SQ. FT. :' DECORATED MODEL HOME 1466 W. MAIN ST. - HOURS 12 10-- 7MON 7661780 JC H DECORATED MODEL HOME 619 W. 100 SATURDAY QOSLD LEHI FRI SUNDAY Q a HOMES FROM $159,900 " S. N SPANISH FORK 798 0089 Prices and availability are subject to change without notice Security &y PROVO LAND TITLE COMPANY fl 2V surmoc AtfDLRSON XOMPONtms 5 7. m .. , |
