IDAHO, USA — Idaho homebuyers are finally seeing relief as mortgage rates dropped to their lowest level in more than a year, with the 30-year fixed rate falling out of the high 6% range for the first time in months.
The average 30-year fixed mortgage rate dropped to 6.29% on Friday, marking the lowest rate since last fall and the biggest one-day drop in more than a year, said Nick Smith, JPAR Live Local co-owner said.
The rate had peaked at just over 7% in May…