Are Mortgage Rates Better or Worse During the Holidays? | Insight from Kitsap Realtor Bre Enbom

Are Mortgage Rates Better or Worse During the Holidays?

One of the most common questions homebuyers ask toward the end of the year is: Are mortgage rates better or worse during the holidays? While interest rates don’t drop simply because it’s December, seasonal trends and market behavior can create meaningful opportunities—especially for buyers on the Kitsap Peninsula.

According to Bre Enbom, Kitsap Peninsula real estate expert, mortgage rates are influenced by broader economic factors like inflation, employment data, and Federal Reserve policy. However, buyer demand often softens during the holiday season, which can indirectly improve affordability and negotiating power.

How the Holiday Season Impacts Mortgage Rates

Historically, late fall and winter tend to be slower for home buying. With fewer buyers in the market, lenders may offer more competitive pricing, faster turn times, or incentive programs to maintain loan volume. While the base interest rate may not dramatically change, borrowers can sometimes secure better overall loan terms.

In markets like Bremerton, Port Orchard, Poulsbo, Silverdale, Bainbridge Island, and Gig Harbor, motivated sellers combined with steady lender competition can create a favorable environment for prepared buyers.

Advantages of Buying During the Holidays

Holiday buyers may benefit from:

• Less competition from other buyers

• More motivated sellers willing to negotiate price or concessions

• Quicker lender and appraisal turnarounds

• Opportunities to lock in rates before potential changes in the new year

Rates can also fluctuate daily, and year-end economic reporting can cause short-term dips that prepared buyers are positioned to capture.

What Buyers Should Watch For

While there can be advantages, inventory is typically lower during the holidays, making it important to act quickly when the right home appears. Getting pre-approved and working with a knowledgeable local Realtor ensures you’re ready to take advantage of favorable conditions.

“Mortgage rates matter, but timing, preparation, and strategy matter just as much,” says Bre Enbom. “Holiday buyers often find that fewer competitors and motivated sellers make the numbers work in their favor.”

If you’re considering buying a home this winter, connect with Bre Enbom, your trusted Kitsap Peninsula Realtor, to explore how current mortgage rates and seasonal trends may benefit you.