Even though we have seen 30 year fixed rate mortgages climb a little higher each quarter in 2018, the rates are still at historic lows when you look at rates over the last 46 years. Even at a 5% 30 year fixed rate mortgage, this still gives buyers more buying power than the 36 year period from 1972 to 2008. Thanks to Brett Evertz from Opportunity Bank for this chart.
A developer has filed plans with the city of Bozeman for a new hotel on east Main St called the Bozeman Residence Inn Hotel. It will be 4 stores tall and 104 rooms. The hotel will be just east of the Locati Architecture office who is also building a 45,000 sqft retail/office building next door.