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Washington Mortgage Rates

Updated: December 24, 2024

Compare today's rates for Mortgage Refinance in WA

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Mortgage rates for Washington go down to 3.00%

Tuesday, December 24, 2024

Mortgage rates for Washington on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Washington is now at 4.56%.

If you are looking for information on Washington mortgage or refinance rates, you’ve come to the right place. Finding the lowest rates is easy when you have access to our vast network of trusted mortgage professionals in Washington. Talk to mulitple lenders in WA to compare rate quotes and understand your options.

Seattle, WA skyline

Washington Mortgage Refinance

Why is it critical to find the lowest rate when refinancing?  Simply put, this is the entire goal of a refinance. The lower your new rate, the more money you’ll save. While there are many ways to secure a refinance loan, the best option is the no cost refi, which allows you to switch to a new mortgage with a lower rate without paying the fees associated with closing a new loan.  This can literally save you thousands of dollars.

Home Loans in Washington

The loan types available in Washington are much like those available elsewhere. One of the most widely available mortgage loan types is the 30 year fixed rate mortgage. As the name implies, this loan comes with a fixed interest rate. This is considered the most financially sound mortgage by many borrowers. Some opt for the 15-year fixed option.

The adjustable rate mortgage (ARM) is another common loan type. You can also pursue a jumbo loan, interest only loan, balloon mortgage, or other specialized loan type.  Whether or not one of these loans fits you will depend entirely on your needs and the requirements of your lender. Government backed loans, such as the FHA loan and the VA loan, are available to those who qualify.

About Washington

Washington is a beautiful state in the Pacific Northwestern United States. The state is named after the first President of the United States and is the only state named after a President. Washington borders Oregon in the south and British Columbia Canada in the north and is famous for its Cascade Mountain Range, which contains several volcanoes.  The two most famous mountain peaks in Washington are arguably Mount Rainer and Mount St. Helens.

Seattle is Washington's best known city. Seattle is the home of the grunge-rock music movement. It is also the founding town of several major coffee companies, including Starbucks, Seattle's Best, and Tully's. Famous companies such as Microsoft and Amazon.com are headquartered in the Seattle area. Seattle's most famous landmark is probably the Space Needle. Other populous cities include Spokane, Everett and Bellevue. If you are looking for a place to live that is environmentally friendly, close to nature, and cultured enough for people from all walks of life, consider owning a home in Washington State.

To learn more about homeownership in Washington or research WA home buying programs, visit the Washington HUD portal.

Follow these links to learn more about Washington mortgages.

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