About 6 months ago, we invited our trusted partner and mortgage professional, Scott Bothel of North Pacific Mortgage, to write a guest post for us to share his thoughts on the state of mortgage interest and what it meant for us. Well, he's back with an update with his own blog post and we asked for permission to share it with you. Here it is in its entirety.
It’s hard to believe, but it was only a year ago when a 30-year fixed mortgage rate was around 3%. The sudden and rapid rise of the rate has been unnerving for homebuyers and sellers (and observers) alike. What are we to make of it? Well, we are grateful for our trusted partner and mortgage professional, Scott Bothel of North Pacific Mortgage, for his insight and thoughtful explanation on today’s mortgage environment and what it means for us.
Cultivant team &