Mortgage rates and home prices are two of the most important factors to consider when buying a home. In 2023, both mortgage rates and home prices have been rising, making it more difficult for buyers to afford a home.

So, what can buyers expect in 2024? Here is a look at the latest projections for mortgage rates and home prices:

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.

Mortgage rates have been rising steadily in recent months, reaching a 20-year high in October 2023. This is due to a number of factors, including inflation, the Federal Reserve's efforts to raise interest rates, and strong demand for housing.

While rising mortgage rates can make it more expensive to buy a home, they are still relatively low by historical standards. And there are a number of things that homebuyers can do to offset the impact of higher rates.

Mobile homes are a popular option for homebuyers who are looking for affordable housing. However, getting a loan to finance a mobile home can be a bit more difficult than getting a traditional home loan. In this blog post, we will walk you through the steps on how to get a mobile home loan in Idaho that is in a park.

According to the Intermountain Multiple Listing Service (IMLS), the Boise housing market showed a mixed bag of factors in June and July 2023.

As the global economy experiences its ups and downs, the housing industry stands as a sensitive barometer, reflecting the impact of economic fluctuations. In times of recession, the housing market undergoes significant transformations, leaving many homeowners, prospective buyers, and mortgage borrowers anxious about their financial stability. In this blog post, we will explore how a recession affects the housing industry, with a particular focus on the mortgage perspective. By understanding these dynamics, homeowners and potential buyers can make informed decisions during uncertain economic times.

As the debate surrounding the debt ceiling continues to intensify, concerns about its potential consequences have been at the forefront of economic discussions. While the implications of a debt ceiling default are wide-ranging, one significant area that would undoubtedly feel the impact is the mortgage market. In this blog post, we will delve into the potential effects of a debt ceiling default on mortgage rates and explore the ramifications for homeowners and prospective buyers.

Buying a home in Idaho can be a daunting process, but it's also an exciting time. As a first-time homebuyer, it's easy to get caught up in the rush and make some hilarious mistakes. So, let's take a lighthearted look at the top 10 mistakes first-time homebuyers often make, and how to avoid them (or just laugh them off).

On March 22, 2023, the Federal Reserve announced a rate hike of 0.25%. This move has been widely anticipated and has significant implications for the economy, including the mortgage market.

As a potential home buyer, the thought of higher mortgage rates may be intimidating. However, it is important to understand that there are reasons why you should not be afraid of higher mortgage rates.