If you are one of the thousands of homebuyers waiting for rates to fall, I have huge news: It is already happening.
For the first time in nearly three years, mortgage rates have officially dipped their toes into the 5% range. This is a critical threshold. While forecasts suggest rates will mostly hover in the low 6% territory throughout 2026, this shift changes the entire affordability landscape.
This is your window of opportunity. Call Kim at 206-225-8325 for a free buyer consultation. Let's update your pre-approval and see exactly how much more home you can afford today compared to last year.
Why This Drop is a Big Deal
A mortgage rate doesn't just determine your interest; it shapes your lifestyle. When rates were up near 7% last year, many buyers in Tacoma and Puyallup felt priced out. Payments were high, and budgets were tight.
Now, with rates in the low 6s (and occasionally dipping into the 5s), the math has changed:
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Lower Payments: On a $400k loan, you could save over $300 a month compared to the 7% peak.
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More Buying Power: That monthly savings means you can afford a better home in Auburn, Sumner, or Lake Tapps.
This shift allows you to make a stronger offer or buy in a neighborhood that previously felt out of reach. Curios about what is available in your new price range? Call Kim for a market analysis of your favorite neighborhoods.
The "Green Light" for 550,000 Buyers
According to the National Association of Realtors (NAR), when rates sit at 6% or below, 5.5 million more households can afford the median-priced home.
This isn't just a statistic; it represents pent-up demand. Roughly 550,000 of those families are expected to buy within the next 12 to 18 months.
The Opportunity: You have a chance right now to get ahead of the crowd in SeaTac, Des Moines, Burien, and Normandy Park before more buyers realize the game has changed.
If you have a home to sell before you buy, you need to act fast to beat the rush. Call Kim for a unique marketing plan for getting your home sold so you can be ready to make your move.
Making the Numbers Work for You
Rates don't operate in a vacuum. Your success also depends on local inventory, taxes, and price points.
As Kim Morgan Storey, the Top #1 Real Estate Agent, I help buyers navigate this specific market daily. I can help you run the numbers to see exactly what this rate drop means for your budget.
Proudly serving: Tacoma, Puyallup, Auburn, Sumner, SeaTac, Des Moines, Burien, Normandy Park, Lake Tapps, and Bonney Lake.
The Bottom Line
The difference between 7% and 6% is massive. If buying didn't work for you last year, it is time to take another look.
Don't miss this window. Call Kim today at 206-225-8325!
Serving the Greater Seattle Area: King, Pierce & Snohomish Counties
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