Growing Idaho: Mortgage rates drop with key interest rate drop [Video]

With the key interest rates likely to drop, mortgage rates are expected to drop with it. Unfortunately for homebuyers, home prices are expected to rise.

BOISE, Idaho — Some good news could be on the horizon for homebuyers in terms of mortgage rates dropping, but that likely means bad news for home prices.

KTVB recently did a story on the spike in apartment buildings in the area. Many of you posted your takes on social media and a lot of viewers went right to the root of the issue as you see it – the lack of affordable homes.

Hayley said that we are seeing more apartments, “because nobody can afford housing.”

Karen said, “dang, so glad I bought when I did. Wow. I couldn’t fathom paying as much as people do for a home.”

Grey said, “the problem is multifaceted. Interest rates are very high and home prices are …