Mark Selling North Idaho Real Estate

Congratulations to Home Owners, Fred & Nadine, on the sale of their Boundary County Home

Congratulations Fred and Nadine on the sale of your home!  Having lived in Boundary County, on the Kootenai River, for the past 25 plus years has shown you many changes and much growth,  both personally and in Boundary County as well.   I have enjoyed working with you, Fred and Nadine, from the decision to sell, to the closing of escrow.  I was able to feel your joy of signing the final paperwork, as well as the relief that came with it.  In that comes my true motivation for continuing in the Real Estate field.   Best of fortune as you move on to your next adventure.

30 year interest rate chart - Lowest rates ever!

     It is of my opinion banks and financial institutions are being critisized in many areas they should not be.  I hear alot of people stating "Banks are not loaning right now!"  I would disagree.  They are not loaning as they were maybe 4 or 5 years ago.  Banks again are requiring such things as a credit history, to be currently employed more than a month,  proper income to debt ratio.   Requirements that you and I would certainly request if we were loaning money to someone, to be repaid in payments.  We would want to feel secure knowing our money would make it back to our pockets. 

     With that being said I think it very interesting in seeing how today's interest rates compare over the past 30 years.  The link below is to an interest chart (distributed by Cathy Pizzini & Kimberly Terry of Evergreen Home Loans) showing FHLMC Rates on 30-Year Fixed-Rate Mortgages over the past 30 years.  2011 showed the lowest rates with 2012 rates (not shown on chart) having dropped even lower.  These rates along with lower housing prices make it a very good time to be buying your new home. 

Download 20yearinterestchart1

(once opened use tool bar to rotate chart clockwise)