The average mortgage rate for a 30-year fixed mortgage loan across the U.S. is 4.93%, with a range of 3.63%-7.61 percent. Here in Idaho the average is slightly lower at 4.91%, with a tighter range of 4.38%-5.38%.
Have you ever commented on how big home lots appear in some of the older neighborhoods you visit? Or how small they look in 21st century neighborhoods, particularly those built during the McMansion era of real estate development? In some cases it could be a case of perspective - tiny older homes compared to 3000-5000 sq. ft. homes on similarly sized lots, however recent data from the National Association of Home Builders (August 31st, 2018) shows that new home lot size started dropping in 1996 and have been mostly declining since then.
A family business with over 30 years of construction experience, Alturas Homes has made a name for itself as a trusted leader in the industry, continuously expanding its reach over the years.