The social media company, which has been in the Puget Sound region since 2015, says it still has space near Pike Place Market. Read More...
MarketWatch
‘Inevitable, in the very near future.’ 4 economists and real estate pros on exactly when mortgage rates will hit 5%
If mortgage rates continue on their current trajectory, some experts predict 30-year fixed rates could hit 5% within the next month or so. Whenever rates hit this benchmark, one thing is clear: Though a 5% mortgage rate is still considered historically low, it would signify the highest level for rates in about the last decade. “While rates got very close, reaching as high as 4.94% in November 2018, they did not reach 5%, according to data from Freddie Mac,” says Danielle Hale, chief economist at Realtor.com. Hale thinks we’re close to hitting 5%: “Even if rates slow their recent pace of increase, they’re likely to hit 5% by mid-year unless something big changes in the outlook,” she says.
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