Media sells with scare tactics, and dramatization. The recent increase in interest rates should not come as a surprise in that forecasts have been predicting 2022 interest rate raises for many months.
Being left out of the interest equation is rates are still sitting at historic lows. The Freddie Mac chart above clearly shows how much lower, and we should take note that even if we do climb to the Freddie Mac predicted 4th quarter interest rate of 3.7% we would remain below the 4.09% of previous 2010's decade, which was also 33% below the previous decade of 2000's of 6.27%.
Do not let media and hype guide your decisions. Speak with a professional who is in the Real Estate Business.
'Experience the Difference' in working with a full time Professional Idaho REALTOR®. Your wants and needs will always be my priorities.
Mark Don McInnes
Broker - REALTOR®
Sandpoint Realty LLC
1205 Highway 2
Sandpoint, Idaho 8386