Seattle, WA
‘We’re locked in’: Spike agrees with housing freeze claims
Interest rates have fallen to 6.17%, the lowest since October 2024, but the rates remain considerably higher than post-pandemic levels, when they reached below 3%.
Jake Skorheim and Spike O’Neil, hosts of “The Jake and Spike Show” on KIRO Newsradio, detailed the potential “housing freeze” on the market that is caused by raised interest rates and homeowners being less likely to move due to immediate monthly payment increases if they were to secure a current interest rate.
“Sometimes in life you just get lucky when you’re buying a house, and my wife and I were one of those people who bought at a time when interest rates were historically low,” Jake said. “Now you’re seeing basically a freeze in the housing market. Even though the rates are dropping slightly, people are not willing to sell their homes, get out of a favorable 3-or 4% interest rate, and basically double their monthly payment.”
Spike explained how he is inadvertently participating in the housing freeze, even though his family wishes to downsize to a new home, but higher interest rates have contributed to the decision to stay at home.
“To your point about being frozen, you know, we’d love to downsize because the maintenance is a lot on our 3,800-square-foot home, it’s a lot of space,” Spike said. “We’d love to downsize, but we’re locked in on a pretty great interest rate for our home. We’ve been there a little over 20 years now.”
Watch the full discussion in the video above.
Listen to “The Jake and Spike Show” weekdays from noon to 3 p.m. on KIRO Newsradio 97.3 FM. Subscribe to the podcast here.
With the tax deadline just past, you might have old paper documents you’re ready to shred and recycle. Just announced – a chance to do that for free this Wednesday (April 22), 1-4 pm!
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Thanks to Carrie Brown for the westward view of our Saturday night sunset. The high today hit 68 at the airport – eight degrees above normal – but nowhere near the record for this date, which was 89 degrees back in 2016. The forecast suggests two more days of partly sunny, almost-70-degree weather, before the chance of rain returns.
CHICAGO (AP) — The struggling New York Mets placed former Seattle Mariners second baseman/designated hitter Jorge Polanco on the 10-day injured list on Saturday with a right wrist contusion.
Mariners Injury Update: Latest on Robles, Vargas and more
The move was made retroactive to Wednesday, a day after Polanco went 0 for 4 with two strikeouts in a 2-1 loss at the Los Angeles Dodgers. The 32-year-old Polanco is batting .179 (10 for 56) with a homer and two RBIs in his first season with New York, which has lost nine straight.
“When doctors first took a look at him, it looked like he got hit by a pitch when he didn’t,” manager Carlos Mendoza said. “In talking to him, it was just a couple of swings that he took that night. … He didn’t think much of it, but just got worse the following day.
“So you just got to let it calm down a little bit and then we’ll go from there. But we don’t have a timetable for how long this is going to last.”
Polanco, who signed a two-year, $40 million contract with the Mets in December, also has been dealing with an ankle issue.
“He was trending in the right direction,” Mendoza said of the ankle injury. “It’s definitely going to help, obviously now with him being shut down. But the biggest thing now is that we’ve got to take care of that wrist.”
Polanco spent the previous two seasons with the Mariners, who acquired him in a February 2024 trade with the Minnesota Twins.
Polanco struggled during his first season with Seattle in 2024, hitting just .213 with 16 homers in 118 games while playing through a knee injury that didn’t become public knowledge until after the season.
But after the Mariners somewhat surprisingly brought him back for a one-year contract in 2025, Polanco rebounded to hit .265 with 26 homers and an .821 OPS in 138 games last season. He then added three homers during Seattle’s playoff run, along with a 15th-inning walkoff single in Game 5 of the American League Division Series that sent the Mariners to their first ALCS in 24 years.
Seattle Sports staff made additions to this post.
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