If you’re thinking about buying or selling a home on Bainbridge Island, you’ve probably got mortgage rates on your mind. That’s because mortgage rates directly impact how much you can afford in your monthly mortgage payment, and you’ll want to factor that into your planning. Here’s what you need to know.

What’s Happening with Mortgage Rates?

Mortgage rates have been trending down recently. While that’s good news for your homebuying plans, it’s important to know that rates can be unpredictable because they’re affected by many factors.

Buying a home is a powerful decision, and it remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of belonging, stability, and freedom. Let’s explore just a few of the reasons why so many Americans continue to value homeownership.