One of the most common concerns I hear from buyers and homeowners in Washington State is that today’s mortgage rates feel high. And compared to where rates were in 2020 and 2021, they are. But compared to the full history of mortgage rates in the United States, the picture looks quite different.
Understanding where today’s rates sit in historical context is one of the most useful things a buyer or homeowner can know — and it often changes how people think about waiting versus acting. [Read more…]
