Alison Blake Group Blog

The recent transformation of low interest rates has put a good market for buyers into  a great buyers market.  According to the president of Idaho Central Credit Union, the rates are not only at the lowest in 37 years, it is coupled with bargain pricing, great inventory and on top of  it all the$7500 tax credit being offered by the government for first time home buyers. Some pricing in our market is at 2001 levels. With rates at 6.5% in October, it was a good market, however with rates well below 5% it is a GREAT BUYERS MARKET.  One thing to take into consideration is that the tax credit is an interest free loan, payable in portions through 2010.