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MORTGAGE RATES FEELING HIGH? HISTORY SAYS OTHERWISE!
Andi Dyer • February 1, 2025
Lessons from the Past: Why Waiting for Lower Mortgage Rates Might Not Pay Off
While today’s 6.95% mortgage rate may seem high, history tells a different story. Back in the 1980s, rates soared above 18%, and even in the 1990s and early 2000s, rates hovered over 7%. If history has shown us anything, it’s that waiting for lower rates isn’t always the best strategy. Buying or selling is about finding the right time for you! 🏡📊 Stay informed—follow for more info!
New funding is coming to support affordable housing for senior citizens in Bellingham. The Washington State Department of Commerce announced nearly $95 million in awards for 27 housing projects around Washington on Thursday, Jan. 16. The Opportunity Council received $5 million for senior housing at a new development near Bellis Fair Mall. The council partnered with the City of Bellingham in June to purchase the 2.7-acre property. The project includes plans for over 120 affordable rental units for low-income families and seniors, with a childcare center that could serve up to 100 kids at a time. Funds from this latest grant will cover 64 units of senior housing—13 of them being offered to homeless residents. Another $4.7 million grant that was announced on Thursday will go towards the Kulshan View affordable housing project in Mount Vernon. BELLINGHAM, WA (MyBellinghamNow.com) Jason Upton Jason Upton is a reporter and afternoon news anchor at KGMI. Feel free to send any story ideas or news tips to jupton@pnwmediagroup.com. Story © 2025 KGMI - Images © 2025 Saga Communications
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