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Washington

Current Washington Mortgage Rates

Compare Washington mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Washington.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Washington. Plus, shopping lenders is free and there is no obligation.

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Washington Mortgage Rates as of June 30, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's Washington Mortgage Rates

June 30, 2022

Current mortgage rates in Washington are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Washington Rates
National
Average
Comparison
30 Year Fixed Rate
%
5.810%
15 Year Fixed Rate
%
4.920%
5/1 Adjustable Rate Mortgage
%
4.410%

How Affordable is Housing in Washington?

Below we offer valuable insights on the housing market and real estate prices in Washington. Understand how much you need to make to buy a house in Washington, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Washington is affordable for you. We provide this helpful information to help you decide if living in Washington is right for you.

The median home value for Washington is $550,905

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Washington is $90,264

With this income, you could qualify for a $495,815 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Washington is $2,090

The median household income for Washington is $87,557

Based on this income, you can afford a home valued at approximately $534,384

The home price you can afford to buy based on household income in Washington is 97% of the median home value which means housing prices are very expensive. Washington ranks 47 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Washington is very expensive

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