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Washington Fixed Mortgage Rates

img Washington Average img National High img National Low img
Loan Type Base Rate APY Points Base Rate APY Points Base Rate APY Points
4.875 5.000 0.875 6.500 6.500 0.000 3.875 4.125 2.125
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4.375 4.500 0.125 6.625 6.500 0.125 3.750 4.000 1.625
4.250 4.625 2.125 6.125 6.125 0.125 3.375 3.625 1.500
3.875 4.125 0.500 6.125 6.125 0.000 3.250 3.750 1.625

Washington Adjustable Mortgage Rates

img Washington Average img National High img National Low img
Loan Type Base Rate APY Points Base Rate APY Points Base Rate APY Points
4.625 4.143 N/A 4.750 4.188 0.125 3.750 3.813 3.250
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3.500 3.875 0.125 6.875 5.000 0.125 2.750 3.125 2.500
3.500 3.375 0.000 6.375 4.500 0.125 2.375 3.125 2.375
3.125 3.125 0.125 6.125 4.250 0.000 2.500 3.250 1.000
2.375 3.000 0.000 8.125 3.625 2.125 2.375 3.000 0.000
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Mortgage Rates at 4.25%*

  • $150,000 loan for under $867/month
  • $225,000 loan for under $1,301/month
  • $350,000 loan for under $2,023/month
 

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National vs Washington 10/1 ARM Mortgage Monthly Payments

Loan Amount img Washington Average img National High img National Low img  
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$771.21                      $782.47                      $694.67                     
$874.04                      $886.80                      $787.30                     
$2,107.97                      $2,138.75                      $1,898.77                     

National vs Washington 30-yr. fixed Mortgage Monthly Payments

Loan Amount img Washington Average img National High img National Low img  
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$748.93                      $960.47                      $694.67                     
$848.78                      $1,088.53                      $787.30                     
$2,047.07                      $2,625.27                      $1,898.77                     

National vs Washington 15-yr. fixed Mortgage Monthly Payments

Loan Amount img Washington Average img National High img National Low img  
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$1,100.16                      $1,275.94                      $1,054.00                     
$1,246.85                      $1,446.06                      $1,194.54                     
$3,007.10                      $3,487.56                      $2,880.94                     

National vs Washington 5/1 ARM Mortgage Monthly Payments

Loan Amount img Washington Average img National High img National Low img  
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$673.57                      $935.80                      $582.98                     
$763.38                      $1,060.58                      $660.71                     
$1,841.08                      $2,557.87                      $1,593.48                     

National vs Washington 3/1 ARM Mortgage Monthly Payments

Loan Amount img Washington Average img National High img National Low img  
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$642.56                      $911.42                      $592.68                     
$728.24                      $1,032.94                      $671.71                     
$1,756.34                      $2,491.20                      $1,620.00                     

National vs Washington 1-yr. ARM Mortgage Monthly Payments

Loan Amount img Washington Average img National High img National Low img  
Calculate New Payment

No SSN Required

$582.98                      $1,113.75                      $582.98                     
$660.71                      $1,262.25                      $660.71                     
$1,593.48                      $3,044.24                      $1,593.48                     
Source: Washington Homeownership Center - Mar 31, 2009

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Average Rates

15-yr fixed*

3.875%

30-yr fixed*

4.375%

Washington Homeownership Center encourages you to follow these eight steps in order, and as completely as possible, to ensure that your loan and home are the best possible fit for you and your family and that your homebuying experience is positive and without stress.

  1. Attend a Washington State Housing Finance Commission-sponsored homebuyer education seminar. These five-hour classes are FREE...
  2. Obtain a copy of your credit report. Address any issues and correct any errors in the report as necessary...
  3. Do a personal budget and determine how large a monthly payment you can afford and comfortably pay...
  4. Research first-time homebuyer and down payment assistance programs that you might qualify for...
  5. Interview various lenders that offer the assistance programs you are qualified to receive. Obtain pre-approval...
  6. Set realistic priorities for your new home including the neighborhood, number and type of rooms, size of house, etc....
  7. Interview experienced real estate professionals that have experience working with first-time homebuyers and decide who to work with...
  8. Select, purchase and maintain your new home. Congratulations! We hope that you create wonderful memories in your new home...

If along the way, you find yourself facing difrficulties in maintaining your mortgage or facing foreclosure, contact our mortgage default counselors at toll free (866) 600-6466 to learn about your options.

Home Repairs: Washington State

The programs and resources listed below help homeowners with home repairs and improvements.

  • Washington State Housing Finance Commission (WSHFC) - finance the purchase or the refinance of a home in need of repair
  • Habitat for Humanity - through volunteer labor, builds and rehabilitates houses for families in need
  • Rebuilding Together, Inc. - assists low-income, elderly and disabled homeowners with home repairs
  • Veterans Affairs Regional Loan Center - loans and grants to qualifying veterans to adapt an existing dwelling to meet specific needs
  • USDA Rural Development Office - home improvement loans and grants to low-income homeowners in rural areas
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MortgageDebt.com is not a banker or lender (“Service Provider”). Leading Service Providers participate in our matching engine who may have loan products available matching the criteria you submit in this interest profile. The information collected is not an application for credit or a mortgage loan, nor is it used to pre-qualify you with any Service Provider. There is no cost to submit a loan request, get matched with lenders and receive loan offers. You may review the loan offers and talk to the lenders at no cost. Of course, the lender you choose may require a fee to continue processing your loan request, but until you agree to pay the lender a fee, you may stop at no cost. MortgageDebt.com does not charge you, the consumer, a fee for its services. MortgageDebt.com is not responsible for the accuracy of the rate, APR and loan information as it based on third-party research, consumer and broker surveys and other published information sources.

*Mortgage Rate of 4.25% is for qualified borrowers for a 10-year fixed rate mortgage to refinance an owner-occupied, one-unit, single family dwelling for a loan of $165,000 to $417,000 ($165,000 to $625,500 in Alaska and Hawaii). If you are contacted by a lender or broker advertising within our network, your quoted rate may be higher, depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and other factors. Not available in all states. Not available for all credit types. Not all service providers in our network offer this or other products with fixed rate options.

**This advertised rate is for qualified borrowers for to refinance an owner-occupied, one-unit, single family dwelling for a loan of $150,000, $225,000 or $350,000 with a interest only monthly payment of $867, $1301 or $2023. This is an interest only adjustable rate that is fixed for the first 12 months then is subject to increase no more than 1% every 6 months thereafter (until rate has caught up to fully indexed rate). To be eligible for this program borrower must meet applicable credit requirements, including a FICO score of at least 620. MortgageDebt.com is not acting as a lender or broker. The information provided by you to MortgageDebt.com is not an application for a mortgage loan, nor is it used to pre-qualify you with any lender. If you are contacted by a lender or broker advertising within our network, your quoted rate may be higher, depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and other factors. Not available in all states. Not available for all credit types.

Last Updated: September 03, 2010