In a revised projection last week, Fannie Mae says it expects the 30-year fixed-rate mortgage to average 6.8% across 2025, and end the year at 6.6%.
That’s the second upward revision in a row for Fannie Mae, which in December projected rates to average 6.2% by the end of 2025 and bumped that up to 6.5% in January.
Uncertainty also surrounds the implementation of Trump’s agenda on tariffs, which could influence homebuilding costs and long-term borrowing rates.
Higher tariffs could spur goods inflation and drive interest rates higher, and Trump has sown uncertainty by threatening, then suspending, massive tariffs on Canada and Mexico.
“Economic growth was strong to start the year as fourth-quarter personal consumption data came in above our expectations,” says Kim Betancourt, Fannie Mae’s vice president of multifamily economic and strategic research.
“However, ongoing uncertainty around trade policy adds risk to our GDP and inflation outlooks, which may have implications for mortgage rates, although the direction—up or down—would depend on a number of factors,” she adds.
Idaho’s population grew by 1.6% in 2024, which ranked 7th nationally for growth. Idaho was #1 nationally for the largest increase in birth rates, which grew by 2.2% in 2024.
When looking at the top 15 fastest-growing states in the county, Idaho’s median home price is higher than 10 of them. So far in 2025, we haven’t seen major changes in home prices but current median prices in large counties like Ada are below the 2024 median displayed below.
According to the U.S. Census Bureaus, Boise, ID has seen the fastest growth in high-end home prices out of any major market in the nation over the past 8 years. Since 2017, list prices at the 90th percentile in Boise have increased 150% to nearly $1.3 million. This is the biggest increase among the country’s 1,000 largest metro areas. It is believed this trend was bolstered by individuals seeking quieter lifestyles with access to the outdoors during and immediately after the COVID-19 pandemic.
The city of Nampa announced that Tractor Supply will build a new distribution center to serve the Pacific Northwest’s 200 stores. The facility will be a $225 million investment with space of 865,000 square feet and yield the creation of 500 jobs. There are currently 12 retail stores in Idaho with Emmett, Kuna and Middleton nearby.
Other Real Estate News
- CBS2 | Treasure Valley Housing Market Shows Signs of Softening
- Fox Business | Is the U.S. Housing Market Becoming a buyer-Friendly Market?
- REALTOR.com | Video: March 14, 2025 Economic and Housing Market Update
- Redfin | More People Are House Hunting and Applying For Mortgages as Rates Decline
Please note: Some news outlets may protect their content with paid subscriptions. While we try to refrain from sharing articles that may not be accessible to everyone, we may share them if important to the industry.
Additional information about trends within the Boise Region, by existing and new construction, are now available here: Ada County, Elmore County, Gem County, Four Rivers Region (check back next month), and Condos, Townhouses, and Mobile/Manufactured Homes Market Reports. Each includes an explanation of the metrics and notes on data sources and methodology.
Ada County
Canyon County
Elmore County
Gem County
Condos…
Download the latest (print quality) market snapshot graphics for Ada County, Ada County Existing/Resale, Ada County New Construction, Boise County, Elmore County, Gem County, Malheur County, Payette County, and Washington County.
Since Canyon County is not part of BRR’s jurisdiction, we don’t publicly report on Canyon County market trends. Members can access Canyon County snapshots and reports in the Market Report email, or login to our Market Statistics page. Our Owyhee County snapshot can also be accessed on our Market Statistics page.
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The data reported is based primarily on the public statistics provided by the Intermountain MLS (IMLS), a subsidiary of Boise Regional REALTORS® (BRR). These statistics are based upon information secured by the agent from the owner or their representative. The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. These statistics are not intended to represent the total number of properties sold in the counties or cities during the specified time period. The IMLS, Boise Regional REALTORS®, and Idaho Policy Institute provide these statistics for purposes of general market analysis but make no representations as to past or future performance. If you have questions about this report, please contact BRR’s Director of Growth & Strategic Communications Taylor Gray at 208-947-7238. For notes on data sources, methodology, and explanation of metrics, visit boirealtors.com/notes-on-data-sources-and-methodology.
If you are a consumer, please contact a REALTOR® to get the most current and accurate information specific to your situation.
Boise Regional REALTORS® (BRR), a 501(c)(6) trade association, represents real estate professionals throughout the Boise region. Established in 1920, BRR is the largest local REALTOR® association in the state of Idaho, helping members achieve real estate success through ethics, professionalism, and connections. BRR has two wholly-owned subsidiaries, Intermountain MLS (IMLS) and the REALTORS® Community Foundation.
“REALTOR®” is a federally registered collective membership mark which identifies a real estate professional who is member of the National Association of REALTORS® (NAR) and subscribes to its strict Code of Ethics.
