If you’ve been watching Seattle real estate trends or scrolling through houses for sale in Seattle, here’s some good news: mortgage rates just experienced their sharpest drop in the past year. For both buyers and sellers, this shift could open up new opportunities in a market that’s been feeling the pressure of higher borrowing costs.

What Sparked the Drop?

Mortgage rates are influenced by inflation, the Federal Reserve’s policies, and broader economic shifts. Recent data showing signs of cooling inflation has eased investor concerns, causing rates to dip more than expected.

Why Buyers Should Pay Attention Now

A lower rate means improved affordability. Even a small drop in rates can reduce monthly payments by hundreds of dollars, making it possible for more buyers to enter the market—and for sellers to attract stronger offers.

How Long Will It Last?

No one knows exactly how long this window will stay open. Rates could stabilize, or they could climb again if inflation pressures return. Acting now could mean locking in a more favorable payment before the market shifts.

Bottom Line

This drop in mortgage rates is a rare chance for buyers to boost their purchasing power and for sellers to capture more demand. If you’ve been waiting for the right moment, this could be the signal you’ve been looking for.