Contact: data@mbaks.com

November Mortgage Rates Fall to Lowest Level in Over a Year

Mortgage rates continued to trend lower in November, with the 30-year fixed-rate mortgage (FRM) averaging 6.24% — the lowest level in over a year — while the 15-year averaged 5.51%. Rates remain down compared to a year ago, and the month also saw a slight uptick in the 10-year Treasury yield and ongoing market uncertainty reflected in the wider mortgage–Treasury spread.

DOWNLOAD THE REPORT

Contact: data@mbaks.com

Permit activity continues to trend downward across the Seattle metro area.

Through July 2025, King, Snohomish, and Pierce Counties collectively issued 3,742 single-family permits, a 7% decline compared to the same period in 2024. Multifamily permitting has slowed even more sharply, with 3,758 units permitted year-to-date, a 37% drop from last year. These figures highlight ongoing headwinds in the housing pipeline at a time when demand remains elevated.

DOWNLOAD THE REPORT

By Cameron Poague, Redmond Reporter

It’s not hard to see the good in this world—you just have to know where to look.

Take the corner of Northeast 140th Place and 100th Avenue Northeast in Kirkland, for example, where Angela Maccarrone can now freely and safely get in and out of her home thanks to a new wheelchair access ramp built free of charge by builder company Lochwood-Lozier Custom Homes.

The ramp was donated as part of an annual event called Rampathon, during which volunteers from the Master Builders Association of King and Snohomish counties donate their time and skills to build ramps for Puget Sound residents in need.