Higher rates squeezing Kootenai County homebuyers
Century21 realtor Christine Matheny says that as mortgage rates have risen, it's given buyers more time to make a decision on a house with less people looking to buy.
DAVID BERNAUER/Press
Mountain West Bank President and CEO Scott Anderson
Scott Anderson photo
Keith Pitsch of Pitsch Mortgage Team powered by Summit Lending USA.
Keith Pitsch photo
As temperatures begin to fall, mortgage rates continue to rise.
This combined with rising housing costs has made it more difficult for buyers to find a home and for sellers to get their house off the market. The mortgage rate is at 7.125%, according to Keith Pitsch, team leader at Pitsch Mortgage Team powered by Summit Lending USA. The current median home price in Kootenai County is $569,945 according to Coeur d’Alene Regional Realtors.
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