See current Washington Refinance fixed rates (30 Year, 20, 15, 10, FHA, VA and Jumbo), variable rates (10 year, 7, 5, 3), Cash Out rates, plus comparisons with national averages and lender types. Refinancing in Washington can help lower your monthly payment, shorten your loan term, or tap into equity with a cash-out refinance.
Washington Refinance Rates –
Find community reported rates by Washington homeowners (rates shown are average APRs).
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.64% | 6.69% | 6.74% | |
| Washington | 6.67% | 6.71% | 6.77% | |
| Credit Unions | 6.26% | 6.31% | 6.47% | 8.6/10 |
| Online lenders | 6.37% | 6.42% | 6.57% | 8.2/10 |
| Banks | 6.67% | 6.71% | 6.77% | 7.4/10 |
| 30 year fixed | 6.67% | 6.71% | 6.77% | |
| 30 year fixed FHA | 6.86% | 6.91% | 6.96% | |
| 30 year fixed VA | 6.22% | 6.27% | 6.32% | |
| 30 year fixed Jumbo | 6.78% | 7.02% | 7.21% | |
| 20 year fixed | 6.43% | 6.48% | 6.53% | |
| 15 year fixed | 6.13% | 6.17% | 6.22% | |
| 10 year fixed | 6.06% | 6.11% | 6.16% | |
| 3 year ARM | 7.20% | 7.25% | 7.30% | |
| 5 year ARM | 6.56% | 6.61% | 6.66% | |
| 7 year ARM | 6.47% | 6.52% | 6.57% | |
| 10 year ARM | 6.52% | 6.57% | 6.62% | |
| Satisfaction | 8.7/10 | 8.0/10 | 7.4/10 |
Source: MFP’s Community Home Refinance Rates Survey of Washington homeowner members (last 30 days).
Cash Out Refinance Rates in Washington –
Find community reported cash-out refinance rates by Washington state homeowners (rates are average APR).
| Credit Score | |||
|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | |
| Nationally | 6.76% | 6.89% | 7.01% |
| Washington | 6.79% | 6.92% | 7.04% |
| Credit Unions | 6.39% | 6.51% | 6.74% |
| Online lenders | 6.49% | 6.62% | 6.84% |
| Banks | 6.79% | 6.92% | 7.04% |
| 30 year fixed | 6.79% | 6.92% | 7.04% |
| 30 year fixed FHA | 6.99% | 7.11% | 7.24% |
| 30 year fixed VA | 6.34% | 6.47% | 6.59% |
| 30 year fixed Jumbo | 6.90% | 7.03% | 7.15% |
| 20 year fixed | 6.55% | 6.68% | 6.80% |
| 15 year fixed | 6.25% | 6.38% | 6.50% |
| 10 year fixed | 6.19% | 6.31% | 6.44% |
| 3 year ARM | 7.32% | 7.45% | 7.58% |
| 5 year ARM | 6.69% | 6.81% | 6.94% |
| 7 year ARM | 6.60% | 6.72% | 6.85% |
| 10 year ARM | 6.64% | 6.77% | 6.89% |
Source: MFP’s Community Home Refinance Rates Survey of Washington members in the last 30 days.
How Washington Compares to National Averages
- Washington refinance rates (6.67% for best credit scores) are in line with national averages (national average: 6.64%).
- Credit unions are more competitive: In Washington, credit unions offer 6.51%, banks 6.76%, online lenders 6.62%.
- Borrower satisfaction: Credit unions 8.7/10, Online lenders 8.4/10, Banks 8.1/10.
Refinance Options in Washington
- 30-year Fixed: At 6.67% APR for excellent credit, Washington's most popular choice for stable long-term payments with predictable monthly costs
- 30-year Fixed FHA: At 6.86% APR for excellent credit, government-backed programs with competitive terms and flexible qualification requirements
- 30-year Fixed VA: At 6.22% APR for excellent credit, exclusive to eligible veterans and military members, featuring Washington's most competitive rates
- 30-year Fixed Jumbo: At 6.78% APR for excellent credit, for high-value homes with competitive jumbo mortgage terms
- 20-year Fixed: At 6.43% APR for excellent credit, a balanced option between shorter and longer terms with moderate payments
- 15-year Fixed: At 6.13% APR for excellent credit, lower interest rates but higher monthly payments, ideal for building equity faster
- 10-year Fixed: At 6.06% APR for excellent credit, the shortest fixed-term option with competitive rates for rapid equity building
- Adjustable-rate mortgages (ARMs): Various terms including 3-year (7.20% APR), 5-year (6.56% APR), 7-year (6.47% APR), and 10-year (6.52% APR) options that start lower but may adjust upward after initial fixed period
Metro Area Rates
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Seattle | 6.49% | 5.97% |
| Spokane | 6.39% | 5.96% |
| Tacoma | 6.38% | 5.95% |
| Vancouver (WA) | 6.38% | 5.95% |
| Bellevue | 6.37% | 5.94% |
* APR Rates shown are for borrowers with the best credit scores. Click the city name to see community recommended lenders and ratings.
Compare Lenders Rated by Washington Homeowners
Washington homeowners report the highest satisfaction with credit unions, which consistently provide competitive rates and strong customer service. Online lenders are a close second for speed and competitive pricing; banks provide broad distribution but slightly lower satisfaction scores.
See the Best Mortgage Refinance Lenders in Washington
FAQs – Washington Refinance Rates
Are refinance rates in Washington higher or lower than the U.S. average?
Washington’s top-tier refinance rates (about 6.38% for 30-year fixed) are a little lower the U.S. average (6.60%). Differences are still small and vary by lender type and borrower credit score.
Which lender type offers the best refinance deals in Washington?
Credit unions typically offer the lowest average rates and highest borrower satisfaction in Washington (example: ~5.97% for top credit scores), followed by online lenders and then banks.
Should I consider an ARM in Washington?
ARMs can be attractive if you plan to sell or refinance again within the ARM’s fixed period — they often start lower than fixed-rate loans. But remember they can adjust higher later, so weigh your timeline and risk tolerance.
More Home Loans Resources for Washington Homeowners:
Washington Best Refinance Lenders from Community recommendations
Washington Home Equity Loan & Washington HELOC Rates
Loans Comparison Calculator: Commpare Cost of Heloc, Cash-Out, Home Equity, Renovation Loan
Washington Best Home Insurance from Community recommendations & Costs
More Resources for Washington Homeowners