Do Not Panic Over January Interest Rate Increase

Real Estate Broker/Owner with Sandpoint Realty LLC DB36113

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. 

Sandpoint Realty - Mortgage Interest Rates

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®

208 255-6227 - North Idaho Home & Land Searches


Sandpoint Realty LLC

1205 Highway 2

Sandpoint, Idaho 8386

Posted by

Mark Don McInnes

208 255-6227

"Experience the Difference' working with a full time professional Realtor®

Mark Don McInnes - Sandpoint Realty LLC



All images and content property of Mark Don McInnes and only to be used/copied with prior written permission.

Comments (9)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Mark I do not know what interest rates will continue to do, but I do know what they have done over the last two weeks, and that is they have increased by about .75%.  I have seen this before, and they have come down again.  Will it do that again, or continue to go up, only time will let us know for sure.

Jan 19, 2022 01:57 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy


I am still amazed how many people still respond to media hype.  Wishing you a wonderful rest of the week.  A

Jan 19, 2022 02:40 PM
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Mark Don McInnes, Sandpoint-Idaho I bought my first house back in 1984 and assumed a loan at 12.75% with a second a bit higher than that.  When I hear people say rates are getting high now I laugh. 

Jan 19, 2022 02:41 PM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Mark- that's the problem with today's media...everything has to be hyped!  

Jan 19, 2022 06:50 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Great Post Mark let's put things in perspective, my parents bought their home in the mid to late 1970's need I say more?:)Endre

Jan 19, 2022 09:25 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Mark - perspective always seems to accompany any discussion.  Now, is that companion friend or foe?  The conversation continues. . .   

Jan 20, 2022 05:33 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Mark... you're right... no reason to panic... we knew those low, low rates couldn't last forever and at the same time for those of use who remember the 70's, 80's, 90's, etc. current rates are very low despite the recent increases.

Jan 20, 2022 05:55 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

I was first licensed in November of 1981.  Interest rates hit their historic highest point back then - 18 1/2%.  Today's rates, even with recent increases are still very reasonable.

Jan 21, 2022 07:01 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Mark, on having this blog FEATURED in the Old Farts Club group!  

Jan 21, 2022 07:22 AM