See the latest Washington mortgage rates for fixed rates: 30 year, 20, 15, 10 FHA, VA, Jumbo, plus variable rates: 10, 7, 5, 3 years. Also see how local rates compare nationally and main lending options available across the state.
Buying a home in the state of Washington could be easier with today’s mortgage rates.
Washington Mortgage Rates –
The table below shows today’s home purchase mortgage rates for Washington, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 7.42% | 7.47% | 7.52% | |
| Washington | 7.42% | 7.47% | 7.52% | |
| Credit Unions | 7.02% | 7.07% | 7.22% | 9.4/10 |
| Online lenders | 7.12% | 7.17% | 7.32% | 8.1/10 |
| Banks | 7.42% | 7.47% | 7.52% | 8.1/10 |
| 30 year fixed | 7.42% | 7.47% | 7.52% | |
| 30 year fixed FHA | 6.71% | 6.76% | 6.81% | |
| 30 year fixed VA | 7.22% | 7.27% | 7.32% | |
| 30 year fixed Jumbo | 7.65% | 8.03% | 8.22% | |
| 20 year fixed | 7.33% | 7.38% | 7.43% | |
| 15 year fixed | 6.57% | 6.62% | 6.67% | |
| 10 year fixed | 5.91% | 5.96% | 6.01% | |
| 3 year ARM | 7.10% | 7.15% | 7.20% | |
| 5 year ARM | 6.93% | 6.98% | 7.03% | |
| 7 year ARM | 7.21% | 7.26% | 7.31% | |
| 10 year ARM | 7.40% | 7.45% | 7.50% | |
| Satisfaction | 9.4/10 | 8.4/10 | 8.0/10 |
Source: MFP’s Community Home Purchase Rates Survey from Washington members in the last 30 days.
How Washington Compares to National Averages
- Washington mortgage rates (7.40% for best credit scores) are in line with national averages (national average: 7.42%).
- Credit unions are more competitive: In Washington, credit unions offer 7.00%, banks 7.40%, online lenders 7.10%.
Mortgage Options in Washington
- 30 year fixed: 7.40% - most popular long-term option for predictable payments
- 20 year fixed: 7.31% - balance between payment size and interest savings
- 15 year fixed: 6.59% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.91% - shortest fixed-term option with competitive rates
- 10 year variable: 7.12% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.93% - A mid-term variable option...
- 5 year variable: 7.23% - Shorter-term variable mortgage...
- 3 year variable: 7.40% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Washington Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Seattle | 6.18% | 5.85% |
| Spokane | 6.12% | 5.79% |
| Tacoma | 6.16% | 5.83% |
| Vancouver | 6.14% | 5.81% |
| Bellevue | 6.19% | 5.86% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Washington Best Home Loan Lenders
See which lenders in Washington are most recommended for a home mortgage by community members surveys throughout the State and its main metro areas.
Seattle, Spokane, Tacoma, Vancouver, Bellevue, Kent, Everett, Spokane Valley, Renton, Federal Way, Yakima, Bellingham, Online lenders.
FAQs Washington Mortgage Rates
Are home purchase rates higher in Washington than the U.S. average?
Washington rates are typically slightly below the national average due to strong competition among lenders in the state’s active housing market.
What credit score is best for buying a home in Washington?
A credit score of 720 or higher typically qualifies for the best mortgage rates available from Washington lenders.
Is it better to choose a fixed-rate or ARM in Washington?
Fixed-rate mortgages provide payment stability for long-term homeowners, while ARMs may offer lower initial rates for those planning to move or refinance within a few years.
More Info for Washington Home Buyers:
Mortgage Rates & Tools
Home Purchase Calculator: Estimate your monthly payment.
First-Time Home Buyer: Guide for Washington first home buyers.
Home Affordability Calculator: See what price range fits your budget.
FHA Mortgage Rates: Current rates for FHA buyers.
30 Year Fixed Home Mortgage: Today’s rate for the most common term.
15 Year Fixed Home Mortgage: Today’s rate for faster payoff.
Loan Programs & Assistance
FHA Loans: How FHA mortgages work and who qualifies.
Mortgage Documents Checklist: What you’ll need to apply, including special cases like self-employed and condo buyers.
Down Payment Assistance: Programs that help cover your down payment.
Lenders & Homeowner Resources
Best Mortgage Lenders in Washington: Community rated lenders by city.
Washington Home Insurance Cost: Average premiums and top rated local insurers.
Homeowner Resources & Grants: Grants and assistance programs nationwide.