Annette Nitz

Many of the homeowners in our area has an interest rate under 3%.
This is shared from Matthew Gardner, a PNW economist that keeps us all on track.

The FHFA just released U.S. residential mortgage data for the second quarter of 2025, and it made for some interesting reading. Unsurprisingly, the share of homeowners who have a mortgage rate of below 3% has dropped; however, just over one fifth (20.4%) still benefit from the ultra-low rates seen in 2021. The maps show the share of owners in the States where most homeowners who have rates at or below 3% reside, as well as the share in each of the 9 US census divisions.

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7300 McCormick Woods Drive SW, Pt Orchard, WA 98367 | MLS #2409641 | Zillow This 2251 square feet Single Family home has 5 bedrooms and 3 bathrooms. It is located at 7300 McCormick Woods Drive SW, Pt Orchard, WA.

Have you heard?
There are more homes for sale.
And that means more options for your move compared to the same time last year. But how much inventory has recovered is going to vary. In some areas, we’re back at more normal levels. But in others? We’ve still got a ways to go. This visual breaks it down: - There are more homes for sale than a year ago in every region (the blue bars). - In the South and West, inventory is just above pre-pandemic levels (the green bars). - But in the Northeast and Midwest? It’s still below normal, even though it’s growing (the red bars). The market might be starting to rebalance as inventory grows, but what’s happening in your neighborhood could be very different from what’s happening nationally.
This is why working with a local expert matters.
Let's talk about how our area compares and what it means for your next move.