Mortgage Rates in Seattle, WA: Today's Averages & 2026 Outlook
Seattle 30-year fixed rates are running around 6.85% — roughly in line with the national average of 6.85%. Here's how Seattle rates stack up, what drives the metro spread, and the payment math on a typical Seattle home.
Today's Seattle rates by loan type
Estimates for Seattle based on the current national 30-year average of 6.85% plus the metro's typical spread (+0 bps). Live national rate sourced daily from Freddie Mac PMMS. Your actual quote will depend on your credit, down payment, and lender.
What drives Seattle mortgage rates
The national 30-year average sets the floor for every Seattle lender. But the $Seattle-Tacoma-Bellevue metro typically prices right at that national benchmark because of local dynamics.
Local market read. Tech-heavy; RSU-based income makes qualification trickier and portfolio lenders competitive.
Who's lending. Portfolio banks and jumbo specialists lead; credit unions with tech-employer ties compete.
Median deal size. A typical Seattle loan is around $620,000 on a $745,000 home. That sits at or above the conforming loan limit in higher-cost counties, where jumbo pricing kicks in.
What a typical Seattle payment looks like
| Line item | Estimate |
|---|---|
| Median home price (Seattle-Tacoma-Bellevue) | $745,000 |
| Median loan amount | $620,000 |
| 30-yr rate (Seattle avg) | 6.85% |
| Monthly principal & interest | $4,063 |
| Est. full PITI (add ~30% for taxes/insurance) | ~$5,282 |
Directional math for Seattle in 2026. Add property taxes, homeowners insurance, PMI (if less than 20% down), and any HOA dues for full monthly cost. Our mortgage calculator lets you plug in your exact numbers.
More on buying in Washington
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Seattle mortgage rates: FAQ
What is today's mortgage rate in Seattle, WA?▾
The average 30-year fixed mortgage rate in Seattle is around 6.85% — 15-year fixed near 6.1%, FHA around 6.6%, VA around 6.5%. That's roughly in line with the current US 30-year average of 6.85%. Your actual rate depends on credit score, down payment, loan type, and lender competition — always compare Loan Estimates from at least three lenders.
How do Seattle mortgage rates compare to the national average?▾
Seattle rates typically sit at the US 30-year average. The metro spread reflects local lender competition, loan mix, and property-tax/insurance dynamics specific to the Seattle-Tacoma-Bellevue area.
What's the median home price in Seattle?▾
The median home price in the Seattle-Tacoma-Bellevue metro is about $745,000, with a typical loan amount of $620,000 at conventional LTVs. At today's 6.85% rate, principal and interest on that loan runs about $4,063/month — before property taxes, homeowners insurance, and (if applicable) PMI or HOA dues.
Who are the top lenders in Seattle?▾
Portfolio banks and jumbo specialists lead; credit unions with tech-employer ties compete. You'll get the best rate by comparing at least three Loan Estimates — a mix of a national non-bank lender, a local credit union, and (for higher loan amounts) a portfolio bank tends to reveal the best pricing for your specific profile.
Should I lock my rate now or wait in Seattle?▾
Tech-heavy; RSU-based income makes qualification trickier and portfolio lenders competitive. On rate timing itself, no one can call the exact peak or trough — but if the payment on your target Seattle home works today at 6.85%, locking and refinancing later if rates fall is a well-worn playbook. Our Right-Time-to-Buy tool models the wait-vs-buy math for you.