Highest Mortgage Rates in More Than a Month, But There Are Silver Linings

January 22, 2024

So far, 2024 has been distinctly different from the end of 2023. November and December saw rates move lower at one of the fastest paces in decades. In contrast, January has delivered a fairly consistent uptrend with the average lender now at the highest levels in more than a month.

 

Frustratingly, widespread media coverage suggested rates fell to their lowest levels since May this week.  Rest assured, this is NOT the case. It wasn't even the case last week, although that the claim would have been less frivolous last week.  

 

The source of the confusion is Freddie Mac's weekly survey which is the longest-running and most widely cited mortgage rate index overall.  While there are a few reasons that it doesn't always line up perfectly with reality, the biggest issue is really the lag effect resulting from the survey's timing and methodology.

 

Freddie takes an average of rate quotes on Thursday through Wednesday and reports that a day later.  In other words, Thursday January 11th through Wednesday January 17th is this week's survey time frame.  The 11th and 12th were the two best days of the past 2 weeks.  They dragged the average down.  Thursday and Friday of the current week have seen the highest rates in more than a month.  They are NOT included in Freddie's survey.

 
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Fireside Chic: Explore Woodinville's Trendiest Spots to Stay Warm This Winter

Local Business Feature by Shannyn

Winter in Woodinville offers a delightful charm, and what better way to embrace the season than by cozying up by the fire? Whether you're a local or a visitor, these trendsetting spots with inviting fireplaces and pits are perfect for staying warm while enjoying the vibrant atmosphere.

 

1. The Hollywood Tavern: A Historic Haven

Kick off your fireside exploration at The Hollywood Tavern, a historic gem that exudes warmth and character. With its rustic charm, this local favorite boasts a fireplace that adds to the inviting ambiance. Savor comfort food and signature cocktails while basking in the glow of the flames. Big fan of the Ancho Chili Tots and the Fireside Toddy!

https://www.thehollywoodtavern.com/

 

2. Fireside at Willows Lodge: Luxury by the Fire

For those seeking a touch of luxury, Willows Lodge is a must-visit destination. Nestled in a serene setting, this upscale retreat features a fireplace in its cozy lobby. Enjoy a glass of wine or my staple, the Manhattan with 1 large ice cube, as you unwind by the fire, creating a perfect winter escape. Check out their events calendar to see the latest local entertainment!

https://www.willowslodge.com/woodinville-restaurants/fireside-lounge
 

3. Chateau Ste. Michelle Winery: Wine Tasting Under the Stars

Chateau Ste. Michelle Winery takes wine tasting to a whole new level with its outdoor fire pit. Sample exquisite wines while surrounded by the winery's scenic beauty, creating a unique and memorable experience. For a fun twist, check out their private dome tents and enjoy a delicious bottle of Ethos Reserve Cab Sav under the stars.

https://www.ste-michelle.com/

 

4. Woodinville Whiskey Co.: Spirits and Firelight

Discover the art of whiskey-making at Woodinville Whiskey Co., where you can enjoy tastings and tours by the fire. Learn about the craftsmanship behind their spirits while staying cozy in the welcoming ambiance.

https://www.woodinvillewhiskeyco.com/

 

5. The Cut Shop: Good Timin’ Fireside Delight

For an outdoor fireside escape, head to The Cut Shop. Its outdoor fire pit vibe is always a good time! This neighborhood, good-timin' roadhouse restaurant and lounge located on the Slough in Woodinville, WA. Mouthwatering burgers, sandwiches, smoked meats,  tacos and, and the rough stuff done right. Covered & heated outdoor seating, fire pit, big screen TVs and always kid-friendly until they're definitely not.

https://www.woodinvillecutshop.com/
 

6. Vons 1000 Spirits: All the Feels and a Legendary Wheel

Woodinville's Newest Local Hot Spot!  The always lively venue, futures an swanky outdoor fire table, amazing food, inventive cocktails!  I dare you try their famous Sourdough bread with Burrata Pesto and not fall in love.  You will have dreams about it, I promise.  All of the cocktails are delicious but for extra sparkle I recommend the Hula Hula Punch, it's a true Party Starter!

https://www.vons1000spirits.com/event-booking-request-vons-woodinville/

 

As winter unfolds in Woodinville, these trendsetting establishments with fireside allure beckon you to explore, relax, and savor the season. Whether you're seeking upscale luxury or an outdoor, local watering hole experience, these stylish locales promise warmth and unforgettable moments. So, grab your favorite sweater, gather your loved ones, and immerse yourself in the fireside chic of Woodinville's trendiest places this winter.

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Shannyn Houtrouw

Real Estate Agent, Houtrouw Homes

Compass

11901 NE Village Plaza Suite #271 Kirkland, Washington 98034

 

206.979.2684

HoutrouwHomes.com  
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