Applications for Home mortgages fell sharply last week to the lowest level in 9 years. I think this was mostly due to buyers waiting out the eventual extension of the "Tax Credit". Now that it has been extended and expanded, I suspect we'll see the mortgage activity begin to climb. With the expansion including existing home owners we should actually see the application activity rise above anything we saw over the summer. For a full explanation of the new criteria go HERE to see an excellent chart from the National Association of REALTORS. There is also some excellent FAQs HERE. If anyone out there is contemplating moving to The Boise Valley, or you already live here and have questions...give me a call, we'll chat!
Riccardo Palagi, REALTOR®, e-PRO
"Valuable Properties~Invaluable Service"
Zuber Group "A Specialized Real Estate Team"
Powered by: Coldwell Banker Tomlinson Group
mobile: 208.602.9501
Efax: 208.433.4590
Eagle, Idaho
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