Thanksgiving week tends to behave a little strangely in the mortgage world. That’s because mortgage rates follow the bond market—and the bond market is run by actual humans who, believe it or not, take vacations. When fewer traders are at their desks, even small shifts in activity can cause rates to bounce around for no obvious reason.
But for now, early in the week, things are calm for homebuyers and homeowners in Everett, Lynnwood, and Marysville.
As of Monday, there’s nothing unusual to report. Bonds strengthened slightly throughout the day, which allowed mortgage rates to edge a bit lower. It wasn’t a dramatic drop, but after rates crept up toward the higher end of their recent range last week, even a modest improvement is welcome.
If you're shopping for a home in Everett or considering a refinance in Lynnwood or Marysville, this small dip helps maintain affordability while keeping rates comfortably within their current pattern.
Even with Monday’s improvement, mortgage rates remain well within their recent range. That’s been the story for much of the fall—rates shift gently up and down, but nothing has broken the trend in either direction just yet.
Homebuyers in Snohomish County probably feel this firsthand: one week feels more favorable, the next feels neutral, but overall, conditions are holding steady.
Here’s where things can change. The next two days will bring in some economic reports that were delayed during the recent government slowdown. Those reports—paired with the typical unpredictability of a holiday week—mean the bond market could bounce around more than usual through Wednesday.
For borrowers in Everett, Lynnwood, and Marysville, that simply means being prepared. If you’re in the middle of a pre-approval, rate lock, or refinance conversation, it may be wise to stay in close touch with your mortgage professional. Holiday weeks can shift quickly.
It’s a calm start to Thanksgiving week for mortgage rates, but the next few days could bring more movement than usual. For homebuyers in Everett, Lynnwood, and Marysville, the slight improvement in rates offers a small break—one that might help with affordability heading into the holiday season.
If you’re considering buying or refinancing before year-end, now is a smart time to look at your options before the market gets unpredictable again.
Home Right Lending is here to help you navigate every twist and turn. Reach out anytime to compare rates, get pre-approved, or explore loan programs that fit your goals.