Mortgage Rates in the Region
As of February 13, 2024, 30-year fixed mortgage rates in the Pacific Northwest, including Washington, Oregon, Idaho, and Colorado, ranged from 5.750% to 6.125%, depending on the state and loan specifics. These rates impact both purchasing power and housing demand in the region. sammamishmortgage.com
Seattle’s Housing Prices
Several factors contribute to high real estate prices in Seattle, including geographical constraints, stringent zoning laws, and high construction costs. Efforts to address these challenges include zoning reforms and sustainable development initiatives.
