Washington Mortgage Rates Today — Compare WA Lenders
The average 30-year fixed mortgage rate in Washington is currently 6.62% APR. King County (Seattle) has a conforming loan limit of $977,500. Washington has no state income tax. Compare today’s rates from top Washington lenders across all major loan types below.
Washington Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $600,000 loan on a single-family primary residence in Washington.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.62% | 6.62% | Most Popular |
| 15-Year Fixed | 5.97% | 5.97% | Pay off faster, save interest |
| 5/1 ARM | 6.74% | 6.74% | Short-term owners |
| FHA 30-Year | 6.27% | 6.27% | Low down payment |
| VA 30-Year | 6.10% | 6.10% | Veterans & military |
| 30-Year Refinance | 6.74% | 6.74% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in Washington
Washington State has no state income tax, making total housing costs more favorable despite high home prices. The Seattle metro, anchored by Amazon, Microsoft, and Boeing, drives Washington’s mortgage market with some of the highest home prices in the US outside of California.
Eastern Washington cities like Spokane offer dramatically more affordable entry points for buyers. The state’s outdoor recreation access, no-income-tax status, and strong tech employment make it consistently attractive for domestic migration.
What Affects Your Washington Mortgage Rate?
Several key factors influence the rate a Washington lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.