Homebuyers in the Treasure Valley are waiting for a shift in the housing market, with mortgage rates hovering around 6.5%.
That could change in the coming weeks when the Federal Reserve meets Sept. 17.
WATCH: How to prepare for potential mortgage rate cuts in the Treasure Valley.
“We’re kind of waiting, pins and needles, to see how much they’re going to lower it,” said Jason Brown, a mortgage broker with Preferred Mortgage. “But Jerome Powell did kind of give us a clue that we are going to see lower rates no matter what.”
Brown said if rates dip, home prices are likely to climb, meaning waiting could cost buyers more…