Last week ended with a slight rise in mortgage rates – a sign that the economy may be starting to improve. Other recent news, such as the stock market showing some improvement, stories about the creation of new jobs, and promising end-of-quarter reports further confirm that things are looking up. Idaho mortgage rates are still below 5.00%, but these low rates may not last much longer.

Sallie Mae is bringing 600 jobs back to the United States from overseas, and Goldman Sachs, Wells Fargo, and some other financial institutions reported higher than expected first-quarter earnings. Ford Motor Company reported that adjustments it has made within the organization mean that the company won’t need any government bailout money to stay afloat.

Reports also indicate a rise in the number of mortgage applications for the week of April 3^rd. If lending begins to pick up, rates will surely rise. What this positive upswing and current low rates mean is that it’s the perfect time to get an Idaho home loan. Fears of economic turmoil should be slowly easing, and if that’s the only thing holding you back from buying the Idaho home of your dreams, you should act quickly to take advantage of rates while they’re still low!

It’s still a buyer’s market in real estate. Prices are down and inventory is up, so you can get a great deal on a fabulous home at unheard of interest rates. What that means for you is that home ownership has never been more affordable – you could even buy more house for your money.

There are some great programs available right now for refinancing, too, so contact an Idaho mortgage lender today to find out how you can take advantage of current lending opportunities, and lock in a historically low rate now before they start to creep up again!

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