Mortgage rates have declined a bit since hitting a 20-year peak back in November 2022. And a recent forecast suggested they might have further to fall, throughout the rest of 2025. Such a trend could help increase affordability for home buyers across the state of Washington.'
A recent report from the government-sponsored mortgage buyer Freddie Mac brought good news for home buyers across Washington. Mortgage rates continued to trend downward last week, after climbing to a 15-year peak toward the end of last year.
This downward trend could help improve affordability for home buyers in cities throughout Washington State. Here's what you need to know about these recent mortgage rate trends, and how they might affect you when buying a home later this year.'
The latest predictions suggest that home loan interest rates in Seattle, WA could trend downward over the coming months. That would be a welcome change for borrowers, after the surge in rates we saw over the past couple of years.'
Many people are wondering if the days of record lows are behind us, especially given the ongoing increases in mortgage rates week after week, despite the odd blip here and there. The question is, what will happen to mortgage rates in 2022? '
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