If you’ve been following Seattle real estate trends or eyeing houses for sale in Seattle, you might feel a bit uncertain about mortgage rates right now. After all, they’re higher than they were just a few years ago—but that doesn’t mean buying a home is out of reach. In fact, when you take a closer look, today’s rates aren’t as intimidating as they seem.

The Magic Number

Experts often refer to a “neutral” rate—one that keeps the housing market balanced. Historically, that number sits around 5% to 6%. While today’s rates hover slightly above that, they’re nowhere near the double-digit highs seen in decades past. What matters most isn’t just the rate itself, but what you can comfortably afford and how long you plan to stay in the home.

Why Acting Now Makes Sense

Waiting for rates to drop can be risky. When rates eventually ease, demand will likely surge again—driving up competition and prices. Buying now, while things are more balanced, means you can negotiate better terms and possibly refinance later if rates improve. It’s about focusing on the long-term benefits rather than short-term uncertainty.

Bottom Line

Mortgage rates may sound intimidating, but they’re far from disastrous. The key is perspective: today’s housing market offers stability, opportunity, and the chance to secure a home before competition heats back up. Partner with a trusted Seattle real estate agent who can guide you through the numbers and help you make a confident, informed move.