As of the writing of this article, home mortgage rates in Boise are holding steady at around 3.94% for a 30 year fixed, and about 3.36% for a 15 year fixed. Those figures are very close to what the rates were last year at this time, and moving into 2018 most industry experts are forecasting rates that still look pretty good!
A fixed-rate mortgage is one of the most popular choices for borrowers here in Idaho, because the interest rates on these loans do not change during the term of the loan – most commonly 30 years or 15 years.
Below are how some of the experts are forecasting what mortgage interest rates will look like in 2018:
Mortgage Bankers Association 2018 Forecast: 30 Yr Fixed
Q1: 4.3
Q2: 4.5
Q3: 4.7
Q4: 4.8
Fannie Mae 2018 Forecast: 30 Yr Fixed
Q1: 4.0
Q2: 4.1
Q3: 4.1
Q4: 4.2
Freddie Mac 2018 Forecast: 30 Yr Fixed
Q1: 4.1
Q2: 4.3
Q3: 4.4
Q4: 4.6
Keep in mind that in the past the Fannie Mae predictions have been the most accurate, so going by their numbers, it looks like 2108 will still be looking very favorable for those considering refinancing or applying for a new home loan.
If you are considering a reverse mortgage, VA loan, traditional Fixed mortgage, or refinancing please contact Capital Mortgage today, and we’ll answer important questions specific to your current situation. We’ll help you understand the following:
What Type Of Mortage Is Best For Me?
What Interest Rate Could I Get?
What Will My Monthly Payment Be?
How Much Down Payment Will I Need?
What Fees Or Costs Will I Be Paying?
and any other questions that you might have!
Please give us a call today at
208-854-7800
Your New Home Loan Is Just A Few Clicks Or A Phone Call Away!