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As of March 2025, mortgage rates have experienced a slight decline, influenced by recent economic developments. The average 30-year fixed mortgage rate decreased to 6.63% from 6.76% last week. This decline is partly due to ongoing economic uncertainties, such as fluctuating trade policies and inflation concerns, which have impacted investor confidence and led to adjustments…

Hi there! I’m Melinda Hennessey with Paramount Residential Mortgage, Inc, and I’m here to help you understand the differences between a cash-out refinance, a home equity line of credit, and a home equity loan. If you’re struggling with debt in Idaho Falls, ID, knowing which option is best for you can make a big difference.…

With the rising prices of groceries and gasoline, you may be looking for ways to save some money. A good place to start is inside your home. According to the Bureau of Labor Statistics (BLS) data, the average American household spent more than $4,500 on utilities (i.e. electricity, gas, water) in 2022 – an increase…

In today’s America, consumer debt has soared to unprecedented heights. Many hardworking individuals and families in Idaho find themselves grappling with the burden of debt, struggling to make ends meet. If you’re a homeowner facing this challenge, know that you’re not alone. There are various options available to help you consolidate and overcome this hurdle…

In the world of finance, the tides are ever-changing, and the mortgage market is no exception. As we delve into the realms of 2024, we find ourselves in a landscape characterized by stability juxtaposed with restraint. This year’s journey stands in stark contrast to the tumultuous uncertainties that plagued 2023, offering both challenges and opportunities…

Buydowns and ARMs can make the difference. Strategies Home Buyers Can Use to Beat Rising Interest Rates Are you a would-be home buyer who is upset because you missed out on the extremely low interest rates that were available until recently when the Federal Reserve started raising rates to try to lower inflation? While the…

Prices, Trends, Forecast 2023 May 9, 2023 By Marco Santarelli The Idaho housing market has been experiencing some changes and challenges in recent years, with fluctuating prices and shifts in supply and demand. As we move further into 2023, it’s important for both buyers and sellers to have a clear understanding of the current state of the market. In…

The average homeowner’s equity has grown nationally by $34,300 in the last year! Home Equity Gains & How You Can Use Them Thanks to rising home prices, if you’ve been a homeowner for the past few years, you now have significantly more equity in your home. Even though the rise in home prices started to…

By Sandra Beckwith Published Mon, Mar 27 2023 While many believe that retiring relieves much of the daily stress we all deal with, retirement brings an additional set of stressors not faced by those still in the workforce. It turns out the transition to a life free of long commutes, meetings, and annoying co-workers isn’t all…

By Rudri Bhatt Patel Published Fri, Mar 17 2023 TABLE OF CONTENTS Intro Are Reverse Mortgage Payments Considered Income? Can a Reverse Mortgage Impact Social Security or Medicare? Does a Reverse Mortgage Affect Supplemental Security Income and Medicaid? Using a Reverse Mortgage to Maximize Social Security Benefits It is common for reverse mortgage borrowers to also…