If you’ve been watching mortgage rates lately, you might feel like you’re strapped into the world’s slowest rollercoaster. Last week, rates dipped to the lowest they’ve been in nearly a year on Monday, then suddenly shot up after the Fed’s midweek announcement like someone spilled coffee on the control panel. But this week? Boring. Rates are holding steady, and in the mortgage world, boring is often good news—especially if you’re a homebuyer in Snohomish, Lake Stevens, or Marysville.
Let’s break down what’s happening, why it matters locally, and why now might be the perfect moment to start your home search or refinance.
Rates are taking a breather because the latest PCE inflation numbers—the Fed’s favorite “thermometer” for checking the economy’s temperature—came in exactly where experts expected. No surprises means no big moves for mortgage rates.
Think of it like this: if inflation had come in higher than expected, rates would have spiked like your blood pressure when Seahawks tickets go on sale. If it had come in lower, rates might have dipped again like gas prices (okay, maybe bad example). Instead, everything landed right in the middle, and rates stayed put.
So here’s the skinny: 30-year fixed rates are sitting in the high 6.3% range. That’s a touch higher than the 6.1% we saw at the start of last week, but still lower than pretty much anything since last October—except for that short September dip we’d all like to see again.
For folks shopping in Snohomish, Lake Stevens, or Marysville, this is still a solid opportunity. Why? These are markets where families are buying more space, schools matter, and affordability compared to Seattle is a huge draw. Even a small rate shift can make the difference between “we can do this” and “sorry kids, we’re renting again this year.”
Next week could get dicey thanks to a potential government shutdown. Now, before you start worrying that the shutdown itself will wreck rates, here’s the truth: it’s not the shutdown that’s the problem. It’s the fact that when the government takes a nap, we lose access to key economic reports—like the jobs report. And that one’s a big deal.
Without fresh data, markets start guessing, and guessing makes rates unpredictable. It’s like driving blindfolded—you can technically do it, but it’s not going to end well.
Snohomish is known for its historic charm, bigger yards, and room to breathe. With rates steady, buyers here have a shot at locking in a manageable monthly payment before things get bumpy again. Wait too long, and you could be stuck competing in a tighter market with higher borrowing costs.
Lake Stevens has become one of Snohomish County’s fastest-growing areas thanks to strong schools and a lake that practically sells itself. If you’re aiming for a home here, steady rates give you the chance to move forward without worrying about what the Fed might do tomorrow.
Marysville keeps expanding, with new developments and family-friendly neighborhoods attracting buyers who want value without being too far from Everett or Seattle. Right now, steady rates mean you can plan your purchase without sudden spikes messing up your budget.
Here’s the thing: no one can predict rates perfectly. But right now, we know this:
Rates are steady at the high 6.3s.
That’s still one of the lowest levels we’ve seen in the past year.
The future is uncertain, especially with the Fed watching jobs and inflation closely.
If you’re a buyer, locking in now means securing predictability before volatility returns. If you’re a homeowner considering a refinance, now’s a chance to explore if lowering your rate or adjusting your loan terms makes sense for your long-term goals.
At Home Right Lending, we specialize in helping people in Snohomish, Lake Stevens, and Marysville find the right mortgage—even when the economy feels like a moving target. We’re not a giant bank that leaves you on hold for hours. We’re mortgage brokers who shop multiple lenders to make sure you get the best rate and loan program for your unique situation.
We also know how to handle “non-traditional” borrowers—self-employed folks, business owners, and families whose finances don’t fit into a cookie-cutter box. If that’s you, bring it on. Complicated loans are our specialty.
Mortgage rates aren’t likely to stay calm forever. With a government shutdown on the horizon and more Fed decisions coming, things could get volatile fast. But right now, buyers and refinancers in Snohomish, Lake Stevens, and Marysville have a rare moment of predictability.
Call Home Right Lending today to get pre-approved or talk through your refinancing options. Let’s lock in your loan while rates are steady, so you can focus on finding your dream home (or just enjoying your backyard without stressing about the Fed).
Home Right Lending – Helping Snohomish, Lake Stevens, and Marysville Families Make the Smart Move.