Mortgage Rates in Washington: Today's Averages & 2026 Outlook
Washington 30-year fixed rates are running around 6.85% — roughly in line with the national average of 6.85%. Here's how WA rates stack up, what drives the spread, and the programs that can price you lower.
Today's Washington rates by loan type
Estimates for Washington based on the current national 30-year average of 6.85% plus the state's typical spread (+0 bps). Live national rate sourced daily from Freddie Mac PMMS via our rate feed. Your actual quote will depend on your credit, down payment, and lender.
What drives Washington mortgage rates
National rates set the floor — Freddie Mac's weekly PMMS average is the benchmark almost every Washington lender starts from. But WA typically prices right at that national average because of three local dynamics: the mix of loan types written in the state, lender density and competition, and how expensive the state is to close in.
Loan mix. Conventional dominant; jumbo share elevated in Seattle metro. The mix matters because FHA, VA, and USDA loans price differently than conventional — states with heavier government-loan share tend to show tighter buyer rates but higher fees.
Median loan size. The typical Washington loan is around $530,000 on a $605,000 home. That size sits well inside conforming loan limits, so most WA buyers get standard agency pricing.
Refi activity. Cash-out refis common given deep Seattle-area equity.
What a typical Washington payment looks like
| Line item | Estimate |
|---|---|
| Median home price | $605,000 |
| Median loan amount (typical LTV) | $530,000 |
| 30-yr rate (state avg) | 6.85% |
| Monthly principal & interest | $3,473 |
| Est. full PITI (add ~30% for taxes/insurance) | ~$4,515 |
Directional math for Washington in 2026. Add property taxes, homeowners insurance, PMI (if putting less than 20% down), and any HOA dues for a full monthly cost. Our mortgage calculator lets you plug in your exact numbers.
What's unique about financing in Washington
What most WA borrowers use
Conventional dominant; jumbo share elevated in Seattle metro.
Below-market WA rate options
WSHFC's Home Advantage pairs a competitive rate with the Home Advantage DPA (up to 4%).
Is a refi worth it in WA?
Cash-out refis common given deep Seattle-area equity.
Rate + grants + closing costs
A below-market rate is only one lever. Stack it with WA down-payment assistance and seller-paid closing costs. See WA grants → · WA closing costs →
Get matched with a Washington lender — free
We'll match you with vetted WA lenders competing for your loan. Compare real Loan Estimates side-by-side — the same Washington buyer can save $2,000–$5,000+ over the life of the loan by shopping three quotes.
Washington mortgage rates: FAQ
What is today's mortgage rate in Washington?▾
The average 30-year fixed mortgage rate in Washington is around 6.85% — roughly in line with the current national average of 6.85%. 15-year fixed loans run about 6.1%, FHA around 6.6%, and VA around 6.5%. 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 Washington mortgage rates compare to the national average?▾
Washington rates typically sit at the US 30-year average. The spread reflects local lender competition, loan mix (conventional dominant; jumbo share elevated in seattle metro.), and state-level closing-cost dynamics.
What monthly payment can I expect on a Washington home?▾
On the median Washington loan of $530,000 at 6.85% for 30 years, principal and interest run about $3,473/month — before property taxes, homeowners insurance, and (if applicable) PMI or HOA dues. Add roughly 25–35% to that P&I number to estimate a full PITI payment.
Are there special first-time homebuyer rate programs in Washington?▾
Yes. WSHFC's Home Advantage pairs a competitive rate with the Home Advantage DPA (up to 4%). These state-agency programs typically pair a below-market rate with down payment assistance — worth comparing against a standard conventional loan before locking.
Should I refinance my Washington mortgage right now?▾
Cash-out refis common given deep Seattle-area equity. The break-even math: divide your total refi closing costs by your monthly payment savings — if you'll stay in the home longer than the payback period, refinancing pays off. Our free Refi Optimizer runs the numbers for you.