Posts in category 'Tips For Buyers'

 

 

Low Inflation Helps Keep Rates at Record Lows

 

Overview

During a light week for economic data, investors remained focused on the concerning spread of the coronavirus in many regions. Mortgage rates dropped slightly to new record-low levels.

Reduced economic activity resulting from the pandemic has caused a significant decline in inflation, which has helped keep mortgage rates low. The Consumer Price Index (CPI) is a widely followed monthly inflation report that looks at the price change for goods and services.

In June, core CPI, which excludes the volatile food and energy components, wasÂ...

Click Here to Read More...

 

 

Economic Activity Picks Up

 

Overview

The data released over the past week revealed an unprecedented decline in economic activity resulting from the pandemic, but also indicated that recovery has already begun. Mortgage markets have been relatively quiet, and rates again ended the week with little change.

Following growth of 2.1% in the fourth quarter of 2019, gross domestic product (GDP), the broadest measure of economic activity, fell 5.0% in Q1 2020, which was the weakest reading since 2008. As bad as that was, however, it does not even come close to the expected decline for the second quarter....

Click Here to Read More...

Surrounded by nature, Boise offers big city amenities with a small-town feel, which is why many people choose to move to this area every year. Whether you choose to move to Boise for the education, the opportunity, or even the ale -- you'll find beauty in all four seasons in your new home.

While you might be ready to cuddle up near your new fireplace for winter in that special Boise home, moving during the holiday season can offer financial challenges. It's difficult to not overspend during the holiday season, let alone save up for a move. Fortunately, our REALTORS® are here to help with these tips for saving money during the holidays for a move.

Click Here to Read More...

Homeownership is an important financial goal for many Americans. Although renting provides flexibility, there's nothing quite like owning a home. You can call your own. So how do you know when the time is right to start looking at Boise homes for sale? Our REALTORS® share some important factors to consider before you dive into buying a home.

1. Your credit is in good shape.
   Getting your debt and finances in shape before applying for a mortgage is vital. The higher your credit score, the easier it will be to get a mortgage with a low-interest rate. If your credit score is low, you may not qualify for a loan at all. Lenders also look at your debt-to-income ratio, or DTI, which involves adding up all monthly debts then dividing them by your gross monthly income. The lower your DTI ratio, the better.
2. You've saved enough for a down payment.
   There are plenty of home loan programs that require much less than the traditional 20 percent down. Some FHA loans require just 3.5 percent down, and government loans such as those guaranteed by the US Department of Veteran's affairs require no down payment. Shop around and look for loan programs to see which one will best fit your needs. Make sure you also have enough set aside for closing costs.

   Click Here to Read More...

 

Moving always presents its challenges, and moving long distances across state lines can be even more challenging. Luckily, our REALTORS® are here to help. 

If you're looking for Boise homes for sale, chances are you're also looking for ways to finance the move. These simple money-saving tips will help put some cash in your pocket before moving day and make relocating less stressful. 

1. Start planning early.
   The sooner you start preparing for the move, the more you'll be able to save, and the less pressure you will feel. The advantage of time also allows you to shop around for the best deal on moving companies and other expenses, rather than feeling like you have to take the first thing that comes along due to time constraints. 

   Click Here to Read More...