Mortgage Rates Dip—Could Hit 5% in 2026? What Everett & Bothell Buyers Need to Know

Breaking News – December 8, 2025: Mortgage rates have dipped to 6.19%—the lowest in months—and some experts now predict rates could fall as low as 5% in 2026. This shift could bring millions of buyers back into the market, making it a crucial moment for both buyers and sellers in Everett, Bothell, and Snohomish County.

Why This Matters

• More Buyers: Lower rates mean more affordable monthly payments, unlocking demand from sidelined buyers (Yahoo).
  
  
• Affordability Boost: A 1% drop in rates can increase buying power by up to 10% (TheStreet).
  
  
• Market Momentum: As rates fall, expect a surge in activity, competition, and potentially faster price growth (Morningstar).
  
  

What Buyers Should Do Now

• Get Pre-Approved: Lock in today’s lower rates and be ready to act fast if rates fall further.
  
  
• Watch the Market: Keep in touch with your lender and Realtor for rate updates and new listings.
  
  
• Act Before the Rush: If rates hit 5% in 2026, competition will spike—early movers have an advantage.
  
  

What Sellers Should Do Now

• Prep Listings: Get your home market-ready for the potential buyer surge.
  
  
• Highlight Affordability: Market your listing as a rare opportunity with lower payments for buyers.
  
  
• Consider Timing: Listing before the rate drop could mean less competition from other sellers.
  
  

Everett & Bothell Local Insights

• Everett: Lower rates could boost demand for entry-level and move-up homes.
  
  
• Bothell: Premium homes may move faster as buyers gain more purchasing power.
  
  
• Snohomish County: Expect increased activity and price stability if rates fall further.
  
  

FAQ / AEO Section

Q: Will mortgage rates really hit 5% in 2026?A: Some analysts predict rates could fall to 5%, but timing and economic shifts will impact the outcome (Yahoo).

Q: Should I buy now or wait for lower rates?A: If you find the right home, locking in today’s rate is smart—waiting could mean more competition and higher prices. Consult your lender for the best strategy.

Q: How much can I save if rates drop to 5%?A: On a $700,000 home, a 1% rate drop could save you $400+/month on your mortgage payment (TheStreet).

Sources

• Yahoo: If Mortgage Rates Drop to 5% in 2026
  
  
• TheStreet: Zillow Shares Bold Prediction for Mortgage Rates
  
  
• Morningstar: Will Home Prices and Mortgage Rates Go Down Next Year?