Boise, Idaho has a lot to offer, you can read more about Boise here.

For people relocating from California, Arizona, and the East Coast people are often amazed at the real estate prices in our area.

But Boise is not just for retirees.  The safety for a city of our size brings many families who are looking for a greater quality of life.  Boise is also a great place for people who want an active lifestyle.  With mountains, lakes, rivers, and several ski resorts in the area there is no shortage of recreational opportunities.

Do you have any questions about the Boise real estate market? Feel free to contact me.  As a Boise real estate agent, it’s my pleasure to provide assistance any stage of a possible relocation (even if it’s just asking questions).

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Perhaps you recently heard from your Realtor, lender, or the national news that interest rates were going to rise.  Around March it seemed to be one of the top headlines in the real estate industry and it has turned out to be another classic example of why I DON’T put much stock in economic predictions.

Here’s just a few I had read:

“Rates are going to be higher than they are now,” Jay Brinkmann, chief economist for the Mortgage Bankers Association told CNNMoney.com.

“Mortgage rates are unlikely to go lower than they are now…” Christopher J. Mayer, a professor of finance and economics at Columbia Business School (NY Times).

“Clearly, when they stop printing all that money, it’s going to be a shock to the system. I have to assume that when they pull back on it, it will cause a 100- to 200-basis-points rise” to rates of 6 percent or 7 percent, he said. “When they start selling off the stuff they purchased, which by my guess would come early next year, that would cause another 100- to 150-basis-points rise.” Christopher Thornberg, principal at Beacon Economics in Los Angeles told the San Francisco Chronicle.

Nearly all economists had seemed to agree that when the Fed ceased purchasing mortgage backed securities in March that this would undoubtly force rates higher (among other factors).  The logic made sense. But the reality is our economy is so complex and dynamic that no one really knows.

I don’t write this blog saying rates are going to stay low or that they’ll go higher.  I’ll leave that up to you to decide.  I just find it interesting that even after years of failed predictions that so many people boldly make (or repeat) economic predictions as though they are a matter of fact.  It’s especially troublesome when I hear those opinions used as pressure tactics, not by the economists, but by agents or lenders who repeat them (e.g. “you better buy now… rates are going to go up”).

1) Source: Boise US Bank Branch. Subject loan underwriting requirements

Information not guaranteed & subject to change without notice.

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- First-time home-buyer
- No private mortgage insurance required
- Owner occupied
- Check the income limits chart for qualifications
- No sales price limits
- Minimum borrower contribution $1000
- Borrower must complete Home-Buyer’s Education class
- Up to 100% Loan to Value for home-buyers with credit scores of 680 or higher
- Up to 97% Loan to Value for home-buyers with credit scores of 660 or higher

You can contact a local IHFA Lender here to determine your eligibility.

The  above information is not guaranteed & is subject to change without notice.  Please visit the www.Idamortgage.com website for more details and the latest information.

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If you disagree with your assessment you should call the phone number listed on your assessment notice.  If the appraiser doesn’t agree with your argument for a lower value you can appeal the assessment with the Ada County Board of Equalization.  The deadline to file the appeal is June 28, 2010.

Information deemed reliable but not guaranteed.

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