What Happens to Your Buying Power When Rates Drop from 7% to 6%?

What Happens to Your Buying Power When Rates Drop from 7% to 6%?

What Happens to Your Buying Power When Rates Drop from 7% to 6%?Said Hamood - Seattle Mortgage Broker
Published on: 27/02/2026

What happens to your buying power — and the entire housing market — when mortgage rates drop from 7% to 6%? The numbers might surprise you. Here's exactly what a 1% rate drop means for buyers in Washington State.

FTBHInterest Rates
Read more
Should You Use a 2-1 Buydown in Bothell, WA? Pros, Cons & Savings Explained

Should You Use a 2-1 Buydown in Bothell, WA? Pros, Cons & Savings Explained

Should You Use a 2-1 Buydown in Bothell, WA? Pros, Cons & Savings ExplainedSaid Hamood - Seattle Mortgage Broker
Published on: 19/02/2025

Thinking about buying a home in Bothell, WA? A 2-1 buydown mortgage can lower your interest rate for the first two years, making homeownership more affordable. But is it the right choice for you? Learn how it works, the pros and cons, and whether it fits your financial goals.

Interest Rates
Read more