July 31 the Federal Reserve cut its interest rate by 1/4%, the first rate cut in 10 years since the rate was slashed to near zero in the recession of 2008. The Fed commented on President Donald Trump's trade wars, low inflation and global weakness as reasons for its rate cut. And it signaled there may be another rate cut yet this year. This is all good news as the Fed interest rate affects home mortgage rates.
Coldwell Banker Distinctive Properties Bozeman is participating with the Homes for Dogs event on September 28th at our office at 2621 W. College St Bozeman, MT. If you would like to help sponsor this event or have a booth there, call Krissy in our office for more details at 587-7653.
The intersection of Durston & Ferguson will close this week for the installation of a new roundabout. The detour will take you east on Toole St to Yellowstone then north to Oak St and back to Ferguson. The intersection is scheduled to be closed this week until about mid October, open during the winter months then finish up construction next spring. With the additional traffic of the new High School coming next year, this 4-way stop intersection will get a much needed improvement.