Are you a prospective homebuyer in Idaho, eagerly exploring your mortgage options? As you delve into the world of home financing, you might come across the concept of "buying points" on your mortgage. But what exactly does this mean, and how can it impact your homeownership journey? Let's explore the benefits and risks associated with buying points down on a mortgage, tailored specifically for Idaho residents.

The Gem State has long been a hidden jewel in the real estate market. However, recent trends indicate a surge in the Idaho housing scene, making it a hot topic for both local and out-of-state buyers. A significant player in this landscape? Interest rates. Let's delve deeper into the current real estate climate in Idaho and how interest rates play a pivotal role.

Turkey causing mortgage rates in Idaho to sink?

WOW, mortgage rates improved over the last few days, fueled by the major drop in Oil, and our old friend Italy is back in the news with a collapsing economy, which has the potential of taking down the EU. And then Trade Wars are back, with the US threatening 25% tariffs on electronics made in China. And lets not forget Israel & Iran trading shots. All of these items and pushing traders into bonds, which will drive down mortgage rates.

Read More...