If you’ve been waiting for mortgage rates to finally move, the wait is over. Last week brought a big shift that has buyers and sellers across the Puget Sound paying close attention.
As Kim Morgan Storey, the Top 1 Real Estate Agent serving Tacoma, Puyallup, Auburn, Sumner, SeaTac, Des Moines, Burien, Normandy Park, Lake Tapps, and Bonney Lake, I’m helping my clients take immediate advantage of this opportunity before the market adjusts again.
Ready to lock in a lower rate?
Call Kim at 206-225-8325 for a free buyer consultation. Let's get you pre-approved while rates are in your favor.
What Sparked the Drop?
On Friday, September 5th, the average 30-year fixed mortgage rate fell to its lowest level since October 2024. It marked the biggest one-day drop in over a year.
According to Mortgage News Daily, weaker-than-expected job reports for a second month in a row sent a clear signal through financial markets. As uncertainty about the economy eased, mortgage rates responded by dropping. Historically, when the economy shows signs of slowing, rates tend to follow this downward trend.
Why Buyers Should Pay Attention
This isn’t just about one headline—it’s about what the shift means for you. Compared to just a few months ago, buyers could now save nearly $200 per month on a mortgage payment. That adds up to almost $2,400 a year, making homeownership more affordable than it’s been in months.
Curious what your new monthly payment would look like? Call Kim for a market analysis. I can show you how much further your budget goes in cities like Auburn and Sumner with these new rates.
A Window of Opportunity for Sellers
For sellers in areas like Tacoma, Puyallup, and Bonney Lake, this creates a new window of opportunity. As lower rates pull more buyers back into the market, well-priced homes in communities across South King and Pierce County could see renewed demand.
Do you need to sell to make your next move? Call Kim for a unique marketing plan for getting your home sold. I know how to position your listing to capture this fresh wave of buyer activity in SeaTac and Des Moines.
How Long Will It Last?
No one can predict exactly where rates will go next. They could dip further or climb slightly depending on inflation, job reports, and Federal Reserve policy. What’s important is staying connected with a trusted real estate agent and lender who can help you time your move wisely.
The Bottom Line
Rates breaking out of their months-long rut is a positive sign for both buyers and sellers. If you’ve been waiting for the right moment to act—whether that’s buying your first home or upgrading to a larger space near Lake Tapps—this shift could open the door.
Call Kim Morgan Storey today at 206-225-8325. Let’s make the most of this market shift.
