Current as low as Mortgage and Home Equity Rates
FreeRateUpdate publishes the as low as mortgage and home equity rates and APRs we can verify from the lenders and brokers in our network. Individual terms vary; the details and assumptions behind each figure are available below.
| Purpose | Product | Term | As low as rate | APR* |
|---|---|---|---|---|
| Purchase | Fixed mortgage | 30 years | 6.500% | 6.717% |
| Purchase | Fixed mortgage | 15 years | 5.750% | 6.035% |
| Refinance | Fixed mortgage | 30 years | 6.374% | 6.599% |
| Refinance | Fixed mortgage | 15 years | 5.750% | 6.088% |
| Refinance | Fixed mortgage | 10 years | 5.500% | 5.954% |
| Cash-out refinance | Fixed mortgage | 30 years | 6.625% | 6.835% |
| Home equity | HELOC | Revolving | 7.050% | 7.050% |
| Home equity | Home equity loan | Fixed term | 8.125% | 8.574% |
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Compare WA Mortgage Refinance Offers
Lower Your Interest Rate in Washington
If eligible, you can lower your interest rate. This could lead to lower payments and less money paid towards interest.
By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
Why should I lower my rate? |
Save money |
 |
Lower Payments |
Shorten Your Loan Term in Washington
Shorten your loan term when refinancing from a 30-year term to a 15-year term. You may also lower your rate.
Why should I shorten my term? |
Become mortgage-free quickly |
 |
Pay less interest |
Leverage Your Home's Equity in Washington
Take cash out of your home to apply to improvements, renovations, or other necessary expenses.
Why should I cash out? |
Renovations |
 |
Pay for other debts or emergencies |
Washington Mortgage Rates
Washington is truly a spectacular place to live. It is filled with natural beauty in every direction and is home to 5 breathtaking volcanic peaks. Washington has thriving cities like Seattle, Spokane, and Tacoma, but also boasts plenty of quiet mountain towns for those looking for a more relaxed lifestyle. Regardless of where you are looking to buy a home in Washington, you can compare lenders before getting started using FreeRateUpdate.com.
Common Washington Loan Types:
- Washington conventional mortgages: Conventional mortgages are made by private lenders without FHA insurance or a VA guaranty. Loan availability, qualifications, down payment, mortgage insurance, rates, and fees depend on the lender, borrower, property, and program.
- Washington FHA loans: FHA-insured mortgages are made by FHA-approved lenders and are not limited to first-time buyers. Eligibility and down payment depend on the borrower and property; loan limits and mortgage insurance vary by location and loan details.
- Washington VA loans: VA-backed mortgages are made by private lenders for eligible borrowers who meet VA and lender requirements. Some qualified purchase borrowers may use no down payment, while entitlement, appraisal, occupancy, funding-fee rules and exemptions, and lender requirements still apply.
Program information: FHA (HUD) and VA.gov.
How to Compare Washington Mortgage Rates
Mortgage pricing available in Washington varies by loan type, lender, borrower profile, property, points, and market timing. Loan amount and county can affect conforming, high-balance, or jumbo pricing for a Washington property, so compare like loan categories.