Geek's Number Talk: Interest Rates Tick Up, Remain Low

The housing market has seen a quicker recovery from the pandemic than much of the economy thanks to two key factors: a dramatic drop in interest rates, and a significant rebound in the stock market — especially for some of our local high-tech giants. While 30-year fixed mortgage rates have ticked up just a bit in the new year to 2.73%, they’re still well below the nearly 5% rate we experienced in late 2018.