It's easy to see...
Drive into the "valley of plenty," via Highway 16's Freeze-out Hill and you’ll see orchards and fields stretched out before stark foothills where a century ago outlaws found refuge. Head on into Emmett and you’ll soon feel that legendary small-town serenity. New housing developments are nearly hidden in the rolling hills surrounding town.
This is a place where big city life meets small town quiet living, and we like it just fine...
From the tree-shaded park across from the railroad depot to the drive-in café where neighbors meet over a flavored soda, Emmett is a town linked to its past but poised for the future. We invite you to get to know our town, and look around the rest of the Treasure Valley as well - we can show you some of the best homes and properties available and have the experience you'll want when the time comes to make the move.
Talk to our agents and you'll see why we love where we live!
If you’re thinking about buying a home, chances are you’ve got mortgage rates on your mind. You’ve heard about how they impact how much you can afford in your monthly mortgage payment, and you want to make sure you’re factoring that in as you plan your move.
The problem is, with all the headlines in the news about rates lately, it can be a bit overwhelming to sort through. Here’s a quick rundown of what you really need to know.
Rates have been volatile – that means they’re bouncing around a bit. And, you may be wondering, why? The answer is complicated because rates are affected by so many factors.
Things like what’s happening in the broader economy and the job market, the current inflation rate, decisions made by the Federal Reserve, and a whole lot more have an impact. Lately, all of those factors have come into play, and it’s caused the volatility we’ve seen. As Odeta Kushi, Deputy Chief Economist at First American, explains:
“Ongoing inflation deceleration, a slowing economy and even geopolitical uncertainty can contribute to lower mortgage rates. On the other hand, data that signals upside risk to inflation may result in higher rates.”
While you could drill down into each of those things to really understand how they impact mortgage rates, that would be a lot of work. And when you’re already busy planning a move, taking on that much reading and research may feel a little overwhelming. Instead of spending your time on that, lean on the pros.
They coach people through market conditions all the time. They’ll focus on giving you a quick summary of any broader trends up or down, what experts say lies ahead, and how all of that impacts you.
Take this chart as an example. It gives you an idea of how mortgage rates impact your monthly payment when you buy a home. Imagine being able to make a payment between $2,500 and $2,600 work for your budget (principal and interest only). The green part in the chart shows payments in that range or lower based on varying mortgage rates (see chart below):
As you can see, even a small shift in rates can impact the loan amount you can afford if you want to stay within that target budget.
It’s tools and visuals like these that take everything that’s happening and show what it actually means for you. And only a pro has the knowledge and expertise needed to guide you through them.
You don’t need to be an expert on real estate or mortgage rates, you just need to have someone who is, by your side.
Have questions about what’s going on in the housing market? Let’s connect so we can take what’s happening right now and figure out what it really means for you.
Evans Realty was established in 1985. Our original Emmett office location has housed a real estate office since the 1940's. With generations of real estate agents and brokers, we are a landmark within our community, attracting buyers and sellers of all types, within our community, as well as visitors just passing through.
View Our Agents...
With the ever changing real estate market, our knowledgeable agents specialize in everything from first time home buyers, farms & ranches, and commercial properties, to auction and bank owned properties, and HUD homes. We combine exceptional customer service, and cutting edge technology with downhome ethics to ease our clients through the purchase and sale process.
Start Finding Real Estate...