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Agri/Business

The Associated Press

HASTINGS TRIBUNE Thursday, June 27, 2013

Key mortgage rate hits two-year high

MARCY GORDON AND ALEX VEIGA

Markets

Thursday's 11 a.m. local markets

WASHINGTON -- The average U.S. rate on a 30-year fixed mortgage surged this week to 4.46 percent, the highest in two years. The increase from a 3.93 percent average last week was the largest oneweek jump in 26 years, according to a report Thursday from mortgage buyer Freddie Mac. And it shows the Federal Reserve's hints that it might slow its bond purchases this year are already affecting consumers. In the short run, a spike in rates could prompt more people to buy homes, giving the housing recovery an added boost. That's because would-be buyers would want to lock in the rates before they rise further. But if rates continue to climb, eventually some buyers might feel priced out. That could slow homes sales at a

crucial time. Interest rates have jumped after Fed Chairman Ben Bernanke said on June 19 that the Fed could slow its bond purchases later this year if the economy strengthens. Since Bernanke's comments, the yield on the 10-year Treasury note has risen to a two-year high. Mortgage rates tend to track the yield on the Treasury note. Freddie Mac also said the average on the 15-year mortgage rose to 3.50 percent from 3.04 percent last week. That's the highest since August 2011. Mortgage rates remain low by historical standards. Still, the impact on buyers' wallets in just the past two months is striking. A buyer who locked in a 3.35 percent rate in early May on a $200,000 mortgage will pay $881 a month, according to Bankrate.com. Another buyer who gets a 4.46 percent rate this week on a

mortgage of the same amount will pay $1,008 a month. The difference: $127 more a month, or $45,720 over the lifetime of the loan. The figures don't include taxes, insurance or initial down payments. Anthony Geraci, a Cleveland real estate broker-owner, is already seeing more sales activity in his market because of the increase in rates. "People are getting off the fence a little bit more or choosing to buy now instead of choosing to buy three months from now," said Geraci, whose brokerage has 270 agents. The rise in rates comes at a critical time in the housing recovery. Low mortgage rates have helped fuel home sales over the past year. In May, completed sales of previously occupied homes surpassed the 5 million mark for the first time in 3 1/2 years. And the number of people who

signed contracts to buy homes leaped last month to the highest level since December 2006, the National Association of Realtors said in a separate report Thursday. That suggests sales will rise even further in the coming months because there is generally a one- to two-month lag between a signed contract and a completed sale. Greater demand, along with the tight supply of homes for sale, has driven up home prices. It's also fueled more construction, which creates jobs and contributes to economic growth. Geraci says a slight rate increase won't put off buyers immediately because there just aren't enough available homes for sale. "So buyers that find a nice home, no matter what the rates are, are going to move on it," Geraci said. "If there's enough supply, people might sit and wait a little bit and see if the rates come down."

Corn . . . . . . . . . . . . . . .6.87 Soybeans . . . . . . . . . .14.94 Milo . . . . . . . . . . . . . . .6.38 Wheat . . . . . . . . . . . . .6.98

Stocks of local interest

The following stocks of local interest were traded today: Last Chg. 170,335 +975 Berkshire Hathaway A 113.50 +.59 Berkshire Hathaway B 35.20 +1.85 ConAgra 64.73 +.79 Eaton Corp. 55.58 +.95 Ingersoll Rand 21.14 +.55 Level 3 99.49 +.65 McDonald's 81.74 +.44 PepsiCo +.12 Tricon Global Restaurants 69.35 155.84 -.46 Union Pacific 41.55 +.53 Wells Fargo 32.86 +.20 Williams Cos. 75.78 +.77 Wal-Mart

TRIBUNE CLASSIFIEDS WORK!

Consumer spending up a bit in May

MARTIN CRUTSINGER

The Associated Press

WASHINGTON -- U.S. consumers spent more in May as their income rose, encouraging signs after a slow start to the year. But spending was weaker in April, February and January than previously estimated. The Commerce Department said Thursday that consumer spending rose 0.3 percent last month, nearly erasing a similar decline in April. Income rose 0.5 percent. At the same time, economists said the downward revisions to spending for three of the first four months of the year signal weaker growth in the April-June quarter, which ends this week. Paul Dales, senior U.S. economist at Capital Economics, said he thinks growth has slowed in the second quarter at an annual rate of just 1.5 percent. That's down from his previous forecast of a 2 percent rate. Economists at Barclays

have cut their forecast from an annual rate of 1.8 percent to a sluggish rate of 1.4 percent. Tepid growth could keep the Federal Reserve from scaling back its bond purchases later this year. Chairman Ben Bernanke spooked investors last week when he said the Fed will likely slow its bond-buying this year if the economy continues to strengthen. But Bernanke added that if the economy weakens, the Fed won't hesitate to delay its pullback or even step up its bond purchases again. The bond purchases have helped keep interest rates low. Dales also noted that the inflation gauge the Fed watches most closely has dropped to a record low of 1.1 percent, well below the Fed's 2 percent target. When inflation falls too low, the Fed normally keeps rates low to try to boost prices. Economists are hopeful that growth will pick up in the second half of the year, and some

recent data have been encouraging. Consumers, benefiting from low inflation, spent more at retail businesses in May, notably for cars, home improvements and sporting goods. U.S. factories are fielding more orders. Higher home sales and prices are signaling a steady housing recovery. And employers added 175,000 jobs last month, in line with the average job growth over the past 12 months. Steady job growth has lowered the unemployment rate to 7.6 percent, down from 10 percent in 2009. And this week the Conference Board said a better job market helped lift Americans' confidence in the economy rose to the highest level in 5 1/2 years. Still, on Wednesday the government downgraded its estimate for growth in the JanuaryMarch quarter to a 1.8 percent annual rate, sharply below its previous estimate of a 2.4 percent rate.

Public Notices

Notice of Hearing TAKE NOTICE: That the Mayor and Council of the City of Hastings, Nebraska, will hold a public hearing regarding a request to rezone the following described tract of land, to wit: Lots One (1), Two (2) and Three (3), JG McCoy Subdivision, City of Hastings, Adams County, Nebraska APPLICANT: Jeffrey E. McCoy Notice of Hearing TAKE NOTICE: That the Mayor and Council of the City of Hastings, Nebraska, will hold a public hearing regarding a request to rezone the following described tract of land, to wit: Proposed Lots One (1) and Two (2), Develop & Renovate, a subdivision, City of Hastings, Adams County, Nebraska APPLICANT: Brad Moncrief The property is presently zoned R-1 Urban Single Family and is being requested to be rezoned to R-3 Multiple Family. Said matter will be heard the 8th day of July, 2013, at 7:00 p.m. in the City Council Chambers, 220 North Hastings Avenue, Hastings, Nebraska, at which time all persons wishing to speak will be heard. Connie Hartman City Clerk June 27, 2013 The property is presently zoned CP-O, C-O and R-3 and is being requested to be rezoned to CP-O and C-O. Said matter will be heard the 8th day of July, 2013, at 7:00 p.m. in the City Council Chambers, 220 North Hastings Avenue, Hastings, Nebraska, at which time all persons wishing to speak will be heard. Connie Hartman City Clerk June 27, 2013 Notice of Hearing TAKE NOTICE: That the Mayor and Council of the City of Hastings, Nebraska, will hold a public hearing regarding a request to amend Chapter 34, Sections 104 and 200 of the Hastings City Code to address Halfway Houses. APPLICANT: City of Hastings Development ServNotice of Hearing TAKE NOTICE: That the Mayor and Council of the City of Hastings, Nebraska, will hold a public hearing regarding a request to rezone the following described tract of land, to wit: Lot 16A, Hillcrest Subdivision, Replat of Lots 16-18, Block One (1) Hillcrest Subdivision, City of Hastings, Adams County, Nebraska APPLICANT: Michael A. James

ices Said matter will be heard the 8th day of July, 2013, at 7:00 p.m. in the City Council Chambers, 220 North Hastings Avenue, Hastings, Nebraska, at which time all persons wishing to speak will be heard. Connie Hartman City Clerk June 27, 2013

The property is presently zoned R-2, Two Family and is being requested to be rezoned to C-1 Local Business District. Said matter will be heard the 8th day of July, 2013, at 7:00 p.m. in the City Council Chambers, 220 North Hastings Avenue, Hastings, Nebraska, at which time all persons wishing to speak will be heard. Connie Hartman City Clerk June 27, 2013

Picture it sold, with the help of our classified section.

Splurge a little, for a lot less in the Hastings Tribune classifieds.

Classified Ads

402-462-2131

11 Garage Sales Northwest 11

!14! 2501 W. 10TH: Friday 96; Saturday 8-noon. Childrens books, toys, boys clothes from 2T to 10/12, womens clothes 12-16, mens clothes 2XL, home decor, Thirty-One items, and much more! !15! 2601 W. 8TH: Saturday, 7:30-?. Dressers, household items, etc. Something for everyone. Cash Only. !16! 2619 BATEMAN: Friday, 1-5; Saturday, 8-12. Multifamily, toys, housewares, tools, miscellaneous. 17! 2624 W. 8TH: Friday, 4-8; Saturday, 8-2. Huge multifamily. No early sales. Old books, antique dishes, large Snowbabies, Dickens Heritage Village Collection, Nascar collectibles, electronics, baby supplies, toys, nice clean clothes, boys newborn to 10/12, girls premie to 18 months, mens large, missy small/med., womens 2X. !18! 4635, 4685, 4735 N. BALTIMORE: Friday, 10-6; Saturday, 8-12. Family, antiques, furniture, misc. !19! 701 SYCAMORE: Saturday, 8-12. Clothes (Womens 2X-3X), miscellaneous !20! 707 VALLEY CHASE: Friday, 3-8; Saturday, 8-5. Block sale. Table top heater, hunting apparel, pond pumps, misc. tools, home decor, stroller, childrens toys, household appliances, clothing-all sizes, bird cages, books, much more. !21! 708 HICKORY: Friday, 28; Saturday, 9-2. Chairs, Catholic School uniforms, clothes, toys, misc. !22! 810 SYCAMORE: Friday, 9-6. Baby items, name brand clothes, golf clubs, bikes, home decor, furniture, exercise equipment, lots of miscellaneous. !23! 847 N. BELLEVUE: Friday, 3-6; Saturday, 8-12. Little Tikes, boys 0-5T, toys, baby items, elliptical, rims, beer signs, misc.

Open 8:00 a.m. to 7:00 p.m. Monday through Friday 8:00 a.m. to 12:00 noon Saturday

We reserve the right to reject, edit or reclassify any advertisement accepted by us for publication.

We accept cash, check or money order VISA, MASTERCARD, DISCOVER or AMERICAN EXPRESS.

Fax: 402-462-2156

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Card of Thanks

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A big thank you to my children, their families, relations and friends for the wonderful cards and gifts I received for my 75th birthday, and to my husband who had a picnic for the family. May God bless you all. Ruth Hubl

S E L L I N G Y O U R C a r , truck, boat or van? Ask about our Statewide and Worldwide advertising Network. Then call 402-4622131 and talk to one of our sales people. We can help sell your item fast. Open 8:00 to 7:00 Monday through Friday and 8:00 to 12:00 noon Saturday.

Garage Sales Northwest

Garage Sales Northwest

Garage Sales Northeast

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Automobiles

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Automobiles

36 Travel Trailers & Motor Homes

GOOD SELECTION of used 5th-Wheels and travel trailers. See Maury today. TRANSPORTATION EQUIPMENT CO. 100 N. Laird, Hastings, NE

!03! 1331 PERSHING RD: Thursday, 3-7; Friday, 9-7; Saturday, 8-12. Estate Sale. Recliners, desk, kitchen, storage shelf, end tables, lamps, recumbant bike, collectibles, car top carrier, knickknacks, holiday, household, misc. !04! 1426 W. 6TH ST: Friday, 4-8; Saturday, 9-5. Baby/ toddler clothes, car seats, exercise equipment, desk, microwave and more !05! 147 BARNES: Saturday, 9-1. Tools, housewares, electronics, miscellaneous. !06! 1816 W. 9TH: Saturday, 912. Karges Clean Out Garage Sale. !07! 1834 BOYCE: Friday, 125; Saturday, 8-12. Come take a look. !08! 1903 WESTCHESTER: Friday, 2-7; Saturday, 8-2. Torro mower, hedge trimmer, tools, kitchen appliances, linens, antiques, decor, brand name clothes, teen girls-adult, lamp, books, toys, 6 ft. table.

!24! 822 WILLIAMS: Saturday, 8-2. China, glass, dining table, chairs, shop tools, yard bench, teen clothes. !25! LOCHLAND: 1015 Loch View Dr; Friday, 4-8; Saturday, 8-11. Tools, bikes, misc. !26! LOCHLAND: 1231 Highland Dr: Saturday, 8-5. Large sale to benefit FUM Church projects. !27! LOCHLAND: 2600 W. Lochland Rd; Thursday, 37; Friday, 8-2. Amazing stuff. Antiques/collectibles, home decor, baby, quilts, pictures, lamps, Christmas !28! WESTBROOK: 1503 Hillcrest; Saturday, 8-1. 75 gal. fish tank/stand, light fixtures, boys clothes, toys, and lots more.

!36! 1515 N. DENVER: Thursday, 2-7; Friday, 8-5. Christmas/home decor, fishing/golf supplies, tools, furniture, collectibles, misc !37! 511 UNIVERSITY: Saturday, 8-2. Moving sale. Furniture, clothes, antiques. !38! OLD MIDDLE SCHOOL: 505 N. Hastings; Friday, Saturday, 9-4.Household, antique furniture, dishes, jewelry,new/used clothes, toys, unusual items, military,books. 402-463-8800

Great Plains Chrysler Dodge

402-463-3104·N. Hwy 281

www.greatplainsdodge.com

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12 EQUINOX LTZ: Silver, V6, leather, AWD. Books $27,875. Cash......$25,975 220 West South Street 402-461-3161

PAUL SPADY MOTORS paulspadymotors.com

Business Opportunities

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Tribune Classified

402-462-2131

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Garage Sales Southeast

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Happy Ads

ROBERT (JAKE) AND WILMA KENNEDY

!39! 301 S. LINCOLN: Saturday, 8-?. Lawn equipment, generator, antique furniture, lots more. 40! 522 S. ELM: Friday, 8-1; Saturday, 8-?. Moving Sale. Lots of really nice furniture and misc. Everything must go. No reasonable offer refused. !41! 850 S. WABASH: Saturday, 8-12. Estate/Moving Sale. Furniture, cookbooks, car, lots of misc.

2006 BUICK Rendezvous CXL, gold, all power, CD, cassette, DVD, leather, good condition, 118,600 miles. $9500. 469-6616. 2005 DODGE 3/4 crew cab Hemi................$5,950 2001 CHEVY Tahoe LT, leather, 3rd seat......$4,650

Antiques/ Classics

Deveny Motors

1013 S. Burlington 402-462-2719 2004 CADILLAC Deville: Always shedded, 76,300 miles, excellent condition. $7,900. Call 308-991-4771 or 308-928-2351 1996 BUICK: LeSabre Limited 173,000 miles, Wifes car, retired, no longer needs. Very nice, above average for 1996. $2,500 or best offer. 402756-7194

WANT TO BUY OR SELL A CLASSIC CAR? DO IT AT CRUISE NITE!!! Excellent Commission Rates! July 19th · 7 p.m. Fairgrounds · Kearney, NE www.rhynaldsauction.com 308-832-7407

WAKEUPNOW INC. is looking for energetic, motivated individuals to join our team. Work from home, set your own hours, control your own income. Call or text Brian at 308383-4086.

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Employment Agencies

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2-wheel Drive Pickups

RESERVE YOUR SPOT NOW! DONT WAIT, JOBS FILL FAST! Earn $400-$600 a week. We are accepting applications NOW for Harvest Positions including: ·Sorters ·Husking machine operators ·Un-loaders The time is right around the corner. Apply in person at 213 S. Burlington Ave or online at www.asinc.net Equal Opportunity Employer

TRIBUNECLASSIFIEDIt works to sell used items every day. 402-462-2131

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Garage Sales Northeast

60TH Wedding Anniversary Celebration Saturday, June 29, 1-4:30 p.m. at Pastime Lanes 1400 W. 18th In celebration of PASTOR PAUL DUFFYS 15th anniversary of his ordination June 28th and 15 years of service to St. Pauls Lutheran Church in Kenesaw, were requesting a card shower. Please mail cards to P.O. Box 36, Kenesaw, NE 68956.

!09! 1904 W. 4TH: Saturday, 82. Clothes, band saw, fishing, tools, fish finder, misc.. No checks. !10! 1931 W. 9TH: Friday, 4-7; Saturday, 9-1. Moving sale. Household items, furniture, antiques, boys clothes and toys, snowblower. Something for every room in the house. !11! 1939 W. 6TH: Friday, 1-5; Saturday, 8-12. Multi-family. Sony speakers, patio umbrella, women and men clothes, boys clothes 0-10 years, girls 0-3, toys, misc. !12! 2410 W. 5TH: Friday, 2-7; Saturday, 8-1. Multi-family. Little bit for everyone. !13! 2421 W. 6TH: Friday, 3-7; Saturday, 8-3. Gigantic! Fenton, Carvival, coin and more, nice glassware, lots of nice costume jewelry, toys, salt/pepper collection, figurines, vintage and collectible items, old pictures, tools, furniture. Thousands More Unlisted Items.

!29! 1016 N. HASTINGS: Friday, 5-8; Saturday, 8-1. 01 Nissan Maxima, Ipods, kids-adult clothes, toys, baby and house misc. Cash Only. 30! 1110 N. LINCOLN: Friday, 4-6; Saturday, 9:30-?. Baby clothes, toys, misc. !31! 1128 N. ST. JOSEPH: Friday, 9-6; Saturday, 9-12. Keyboard, teen clothes, electric dog fence, custom blinds, drapes, antiques, fabric, home decor. 32! 311 W. 5TH: Saturday, 84. Jewelry, house hold items, collectibles, misc. !33! 314 RINGLAND RD: Saturday, 8-4. Multi family, clothes, baby- plus, books, toys, movies, video games, gas dryer, golf clubs, furniture, misc. !34! 319 E. 7TH: Thursday, 128; Friday, 8-5; Saturday, 82. New clothes and shoes $5, purses, much more. !35! 401 N. LINCOLN, First Baptist Church. Rummage Sale . Friday, 10-7; Saturday, 8-7. Bake sale/lunch served Saturday. Proceeds go to new roof.

See our truck selection at jacksonscarcorner.com

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4-wheel Drive Pickups

2001 FORD: Extended cab, 5.4L. Very good condition. 402-462-6761 or 402-469-4677

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Garage Sales Out of Town

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Accessories/ Parts

!42! 2690 S. SMOKEY HILL RD: Thursday, 12-7; Friday, 9-5. Multi-family. TV, bikes, luggage, toys, gaming chair, deep freeze, clothing, home decor, car seat/stroller combo, misc. !43! 3240 S. SMOKEY HILL RD: Thursday, 2-7; Friday, 9-8; Saturday, 9-1. Dining room table/chairs, computer desk, toys, home decor, baby girl bedding, dryer (doesnt work), misc. !44! COMMUNITY WIDE Multifamily garage sales with EdgarFest on Saturday, 91. Many treasures and good deals. Map at Edgar Grocery Store. Also enjoy 5K run, tractor pull, beef pit barbecue, Main Street parade, and fireworks. !45! JUNIATA: 205 S. Republican; Friday, 2-?; Saturday, 9-?. Christmas, king bedding, dishes, furniture, etc.

BROKEN ARM? We have used upper and lower control arms. McMurray Motors, 402-462-6879.

36 Travel Trailers & Motor Homes

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Professional

Hajnys

AUTO SALES 2003 PONTIAC Grand Am: SE, 4-door, V6, full power, sunroof, 104,000 miles, nice car........ $3,850 2000 FORD Ranger: Extended Cab, 4x4, V6, automatic, good truck... $3,850 402-463-2636 Brambles Auto Sales Check our new website bramblesauto.com Hi-Line Motors, Kenesaw 402-752-3498 www.hilinemotors.com

10 Lost And Found

STRAYED FROM pasture south west from Glenvil Black Angus Buffalo Cross Cow and calf. Call 402461-0462 or 402-771-2371

1998 30 Excel 5th-Wheel Camper: Large slide. Excellent. $8,000 or good offer. 402-756-2646 evening Summers Most Popular Camper! 2013 Salem 32BH05 Travel Trailer $26,225 2005 Chevy 3500 Dually $26,700 Ask about our Spring Specials!

Is Hiring for a Safety Director Seeking an enthusiastic and experienced transportation professional to oversee safety and compliance responsibilities, ensure safe operation of the motor fleet while managing a support staff of three. Bachelors Degree preferred. Management experience helpful. Please send resumes to: P.O. Box 2122, Grand Island, NE 68802 Attn: Keith Pirnie, [email protected]

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Garage Sales Northwest

!01! 1212 W. 13TH: Friday, 87; Saturday, 8-12. Multifamily. Table/chairs, toys, clothes, and much more. !02! 1301 PERSHING: Friday, 12-6; Saturday, 9-1. Furniture, household, children clothing, power wheels.

See our selection of FUEL ECONOMY cars at jacksonscarcorner.com

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