The Fed Announces Rates Will Hold Steady

February 5, 2021 By Claire Garlick Leave a Comment

The Federal Funds Rate is staying the same at 0 to .25%.

The Fed’s interest rate decision doesn’t directly affect mortgage rates, but today’s rates remain historically low.

Home owners and home buyers can take advantage of today’s low rates by:

Buying a new home
Refinancing to get a lower rate or eliminate mortgage insurance
Financing home renovations
Funding major expenses (like college tuition)
Consolidating debt*

Curious about the Fed’s key short-term rate? Learn more in this article.

Don’t hesitate to reach out for a conversation about home financing.

* Debt consolidation does not pay off the debt, please consult a financial advisor regarding the effect of consolidating short term debt into long-term debt.

Article provided by R. Gomez, Loan Officer in Colorado Springs.

Colorado Springs’ Construction Industry Was Booming in 2020

January 29, 2021 By Claire Garlick Leave a Comment

Colorado Springs’ construction industry hit boom times in 2020, despite pandemic

Business was booming last year for homebuilders, general contractors and subcontractors that make up the Pikes Peak region’s construction industry, despite the COVID-19 pandemic.

The estimated value of permits issued for the construction of single-family homes, townhomes, apartments, hotels, offices, schools, medical buildings, manufacturing plants and other structures last year in El Paso County soared to $2.9 billion — a record high and a nearly one-third jump over 2019, according to Pikes Peak Regional Building Department reports.

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Manitou Fruitcake Toss this Month

January 13, 2021 By Claire Garlick Leave a Comment

The fruitcakes will fly once again in downtown Manitou Springs!

Join in for some old-fashioned tossing of those maybe not so beloved holiday desserts. There will also be a fruitcake costume competition, libations and a fruitcake bake-off!

Non-perishable food item suggested for donation to go to the local food bank. Cakes are available for rent for $1 per cake.

EVENT INFORMATION

When: January 23, 2021
Time: 1 pm – 3 pm
Where: Manitou Springs Memorial Park
Cost: One non-perishable food item is suggested for attendance. All food items will be donated to a Manitou Springs food bank.

EVENTS FOR ALL AGES

Hand Toss Distance
Accuracy
Speed
Best “Balance”
Robotic, mechanical, 3-man slingshot toss for distance

Prizes for all events will be awarded as well as an overall winner.

TOO GOOD TO TOSS FRUITCAKE BAKE -OFF

Although participants will be tossing the traditional cakes, there will also be a fruitcake bake-off. Local bakers will compete for the title of Fruitcake King or Queen as determined by the community. Winners will be based off who makes the best organic, non-GMO, natural fruitcakes. For more information, email Fruitcaketoss@gmail.com.

HISTORY OF THE MANITOU SPRINGS FRUITCAKE TOSS

This one-of-a-kind event, where enthusiasts traveled from all over to compete for trophies and bragging rights, has been a community highlight for more than 22 years. The great fruitcake toss is the event of the winter season as the hapless dessert is launched into space with a variety of mechanical and pneumatic devices.

Competitions have included the Hand Toss, Kid’s Toss, Launch, Pneumatic Gun or Canon, Team Catch or Accuracy division. The cost of competing is simply a non-perishable food item, to be donated to the Westside Cares food bank.

For more information, visit their website.

Article originally published at https://www.visitcos.com/events-calendar/annual/fruitcake-toss/.