If you’ve been keeping an eye on the economy—or just wondering whether it’s finally time to buy a home in Everett, Lynnwood, or Marysville—the latest numbers offer a bit of relief. Inflation came in lower than expected in September, home sales are climbing, and mortgage rates may be next in line to settle down.
Let’s break it down in plain English.
Inflation rose just 0.3% in September and 3% year-over-year, both slightly below forecasts. The biggest price hikes came from gas, which jumped over 4%, while other costs like shelter and services increased at a slower pace.
When you remove food and energy (a.k.a. core inflation), prices only rose 0.2% for the month. That’s good news—especially for homeowners and buyers alike in Snohomish County. Slower inflation gives the Federal Reserve more breathing room to ease rates, which eventually filters into better mortgage conditions.
What this means for local buyers:
The Fed is expected to cut rates again at the end of October.
Lower borrowing costs could arrive just in time for the holiday housing season.
A cooler economy doesn’t mean the sky is falling—it means home loans may finally become more affordable.
For families in Everett, where affordability is top of mind, and professionals in Lynnwood who commute to Seattle, this trend could be a game-changer.
Despite a government shutdown delaying some economic reports, one number stood out: existing-home sales rose 1.5% from August to September and are now 4.1% higher than last year. Inventory also climbed to 1.55 million homes—a five-year high.
That’s a big deal for homebuyers in Everett, Lynnwood, and Marysville, where tight inventory has been the story since 2020. More listings mean more options, less bidding-war drama, and a little more sanity in the process.
What this means for buyers:
Homes are still moving fast, but not disappearing overnight.
Slightly lower rates and more listings could create a sweet spot for fall buyers.
With affordability improving, this might be the moment to get pre-approved and jump in before demand picks up again.
As NAR’s Chief Economist Lawrence Yun put it, “Lower mortgage rates and improving affordability are helping boost demand.” And he’s right—the data backs it up.
The Federal Reserve is walking a tightrope—trying to support the job market while also keeping inflation under control. With signs of slower job growth and softer spending, another quarter-point rate cut seems likely at the Fed’s October 29 meeting.
But let’s be clear: when the Fed “cuts rates,” they’re adjusting the Federal Funds Rate, which affects short-term borrowing, not mortgage rates directly. Still, mortgage lenders tend to follow suit over time. That’s why it’s important for buyers in Everett, Lynnwood, and Marysville to pay attention—this could signal more favorable home loan conditions in the coming months.
If you’re in Everett, you’ve probably seen new listings popping up again as sellers test the fall market. In Lynnwood, where housing demand remains strong due to proximity to major employers and light rail expansion, the easing of rates could help first-time buyers finally make the jump. Meanwhile, Marysville continues to attract families seeking space and affordability compared to other cities along the I-5 corridor.
Bottom line: The fall housing season might just be the most balanced we’ve seen in years.
Inflation’s cooling off. That’s a good sign for mortgage rates in Everett, Lynnwood, and Marysville.
Home sales are up 4% year-over-year. Buyers are adjusting to new norms.
Inventory is improving. More listings mean more choices for fall buyers.
The Fed is expected to cut rates again. Lower borrowing costs may be around the corner.
If you’re already carving pumpkins, don’t toss those seeds! Here’s a quick local twist on an old favorite—Cinnamon Sugar Pumpkin Seeds, perfect for Everett’s rainy evenings or Marysville’s chilly mornings.
Preheat your oven to 300°F. Mix 1½ cups of pumpkin seeds with 3 tablespoons of melted butter, 1 teaspoon of cinnamon, and a pinch of salt. Bake for 40 minutes, stirring occasionally. Sprinkle 2 tablespoons of sugar while they’re still warm. Boom—snack time perfection.
Things are finally starting to look up for buyers in Everett, Lynnwood, and Marysville. Inflation’s easing, home sales are on the rise, and the Fed’s next move could make mortgages even more affordable.
If you’ve been sitting on the sidelines waiting for a break, this might be it. Get your paperwork ready, talk to a trusted local mortgage broker, and be prepared to move fast when the right opportunity appears.
Home Right Lending is here to help. Whether you’re buying, refinancing, or just exploring your options, we’ll find the right program that fits your budget and goals—without the confusing jargon or the big-bank runaround.
Call us today to get pre-approved and lock in before the next rate drop. Your new home in Everett, Lynnwood, or Marysville could be closer than you think.