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Current Rates

Today’s Seattle Mortgage Rates

Rates below reflect current market conditions for well-qualified buyers in King County and the Seattle metro area. Your rate will vary based on credit score, down payment, loan amount, and property type.

Last updated October 7, 2026  — Rates are being pressured by France’s sharp rise in yields to fight inflation. Global economies are intertwined; what impacts one country impacts all.

7 Year ARM Special7/6 SOFR ARM

Fixed rate for the first 7 years, then adjusts every 6 months. Purchase of a primary residence (1-unit homes, including condos). A limited-time special, scheduled through December 31, 2026.

Conventional

Loan amounts up to $832,750

Coming soon!

Available starting October 9, 2026

High Balance

Loan amounts $832,751–$1,063,750

Coming soon!

Available starting October 9, 2026

First-Time Home Buyer (AMI Cap)

Household income at or below 120% of area median income ($181,440 in King, Pierce and Snohomish counties). Standard mortgage insurance applies.

Coming soon!

Available starting October 9, 2026

How a 7/6 SOFR ARM works, and who it fits →

30-Year Fixed First-Time Home Buyer (AMI Cap)

7.625%

APR: 7.796% · Lender credit: 0.10%

For first-time buyers with household income at or below 120% of area median income (AMI), up to $181,440 in King, Pierce and Snohomish counties. Standard mortgage insurance applies.

First-Time Buyer

30-Year Fixed

7.49%

APR: 7.548% · Points: 0

Most popular for first-time buyers & long-term homeowners. Stable payment over 30 years. Loan amounts up to $832,750.

Conforming

30-Year Fixed High Balance

7.625%

APR: 7.647% · Lender credit: 0.30%

For loan amounts $832,751–$1,063,750. Common in Seattle & King County where home prices exceed conforming limits.

High Balance

Jumbo (30-yr)

7.25%

APR: 7.279% · Lender credit: 0.15%

For loan amounts above $1,063,750. Common in Seattle’s high-price market.

Jumbo

FHA Loan

7.00%

APR: 7.789% · Points: 0

3.5% down minimum. Flexible credit requirements. Ideal for first-time Seattle buyers.

3.5% Down

VA Loan

6.99%

APR: 7.054% · Points: 0

Zero down for eligible veterans & active duty. No PMI. A strong option for qualifying buyers.

0% Down

15-Year Fixed

6.875%

APR: 6.962% · Points: 0

Lower rate, higher payment. Build equity faster — great for refinancing.

Reduced Term

Disclaimer: Rates shown are sample rates for informational purposes and are updated regularly. Actual rate offers depend on your credit profile, loan-to-value ratio, debt-to-income ratio, property type, and loan purpose. Rates change daily. Contact Keith Akada for a personalized rate quote. Not a commitment to lend. NMLS #112443. Licensed in Washington State.

The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. The APR shown here is based on the interest rate, any discount points or lender credit, and estimated prepaid finance charges of $1,780.25 in lender fees plus 15 days of prepaid interest. FHA APR also includes the 1.75% upfront and 0.55% annual FHA mortgage insurance premiums. VA APR assumes the borrower is exempt from the VA funding fee. First-time home buyer (AMI cap) APR includes borrower-paid monthly private mortgage insurance. Conventional, high balance, and jumbo loans assume 20% down with no private mortgage insurance.

Rates displayed in the table include the discount points or lender credit shown with each rate (as a percentage of the loan amount). A lender credit is applied toward the borrower’s closing costs. Rates are based on the following assumptions: Conforming 30-year fixed and 15-year fixed based on a purchase price of $875,000 and a loan amount of $700,000 (20% down). High Balance 30-year fixed based on a purchase price of $1,125,000 and a loan amount of $900,000 (20% down). 30-year fixed jumbo based on a purchase price of $1,625,000 and a loan amount of $1,300,000 (20% down). 30-year fixed FHA based on a purchase price of $518,135 with 3.5% down ($500,000 base loan plus the financed 1.75% upfront mortgage insurance premium, for a total loan amount of $508,750). 30-year fixed VA based on a purchase price and loan amount of $500,000 with zero down payment. 30-year fixed first-time home buyer (AMI cap) based on a purchase price of $875,000 with a down payment of 10% (loan amount of $787,500) and borrower-paid monthly private mortgage insurance; available to first-time buyers with household income at or below 120% of area median income. All loans assume an owner-occupied primary residence; single-family home; purchase loan; mortgage rate lock period of 30 days and customer profile with 780 credit. Discount points are available, best to connect to review in real time together.

Loan Comparison

Seattle Loan Types Compared

Not sure which loan is right for your Seattle home purchase? Here’s how the major loan programs compare for buyers in King County.

Loan Type Min. Down Min. Credit PMI? Best For
Conventional3%620+Yes (if <20% down)Good credit buyers, move-up buyers, refinance
High Balance5%620+Yes (if <20% down)Seattle buyers with loans $832,751–$1,063,750, refinance
Jumbo20%700+N/ASeattle luxury homes above $1,063,750, refinance
FHA3.5%580+Yes (lifetime with low down)First-time buyers, lower credit scores
VA0%None (580+ preferred)NoVeterans, active duty, surviving spouses

Seattle Mortgage Guide

Understanding Mortgage Rates in Seattle

What Are Seattle Mortgage Rates Today?

Seattle mortgage rates can run slightly below the national average — and the reason is rooted in the market itself. The concentration of tech workers, high-income millennials, and financially sophisticated borrowers creates intense lender competition, not just for homes, but for the loan business that finances them. Well-qualified Seattle buyers tend to have strong credit profiles, substantial down payments, and steady income, making them low-risk borrowers that lenders actively compete to win.

Want to see what a rate means for your full monthly payment, including property tax, insurance and PMI? Enter it in my Seattle mortgage calculator.

How to Get a Better Mortgage Rate in Seattle

Your mortgage rate is determined by a combination of market conditions and your personal financial profile. To improve the rate you are offered in Seattle:

  • Improve your credit score — a 780+ score typically qualifies for the top conventional pricing tier
  • Save a larger down payment — 20% eliminates PMI and improves your rate tier
  • Lower your debt-to-income ratio below 45%
  • Consider buying down your rate with discount points if you plan to stay long-term

Seattle Real Estate Market Overview

The Seattle real estate market remains one of the most competitive in the country, driven by tech sector employment at Amazon, Microsoft, Boeing, Google, META, Apple, and a growing constellation of startups. Median home prices in Seattle proper range from $700,000 in some neighborhoods to $1.5M+ in areas like Queen Anne, Madison Park, and Capitol Hill.

Neighborhoods and Typical Price Ranges

  • Capitol Hill / First Hill: $700K–$1.2M
  • Queen Anne / Magnolia: $900K–$1.8M
  • Ballard / Fremont: $750K–$1.3M
  • Madison Valley / Madison Park: $900K–$1.8M
  • Laurelhurst: $1.2M–$2.5M+
  • Green Lake: $800K–$1.4M
  • West Seattle: $650K–$1.1M
  • Beacon Hill: $600K–$950K
  • Seward Park: $700K–$1.2M
  • Rainier Valley / Columbia City: $550K–$850K
  • Bellevue (Eastside): $1.1M–$2.2M+

Common Questions

Seattle Mortgage FAQ

Answers to the most common questions Seattle homebuyers ask about mortgage rates, loan types, and the buying process.

Today’s Seattle mortgage rates for a 30-year fixed loan are approximately 7.49% (7.548% APR) for a well-qualified buyer. The 15-year fixed sits near 6.875%, and FHA loans start around 7.00%. Rates adjust daily based on the bond market and Federal Reserve policy. Contact me for a personalized quote, it’s fast and easy.
To improve the rate you are offered in Seattle: raise your credit score above 780, put down 20% or more, keep your debt-to-income ratio below 43%, and review every line of your Loan Estimate, not just the rate. A local loan officer with a broad program menu can also point you to options such as WSHFC down payment programs or underwriting that handles RSU income well.
The 2026 conforming loan limit in King County is $1,063,750 for a single-family home. The national baseline is $832,750, and loans from $832,751 up to $1,063,750 are high balance conforming loans. Anything above $1,063,750 is a jumbo loan with different underwriting and rate structures.
FHA loans are typically better for buyers with credit scores below 700 or smaller down payments (3.5%). Conventional loans are better for buyers with strong credit (720+) who can put down 10–20%. In Seattle’s high-price market, many buyers use conventional or jumbo financing.
Thank you for your sacrifice and service. Absolutely. VA loans are a strong option for eligible borrowers. Eligible veterans and active-duty service members can purchase a Seattle home with zero down payment, no PMI, and competitive rates. In a market where a typical down payment can exceed $150,000, the VA benefit is enormous.
Pre-approval can be issued within 24 hours once you submit your full application and documents. Advanced Underwriting 3–5 business days. In Seattle’s competitive market, having a fully underwritten approval can strengthen your offer significantly.

Your Seattle Mortgage Broker

25+ Years. 851+ Verified Reviews on Experience.com. One Goal — Getting You Home.

There’s a difference between a national call center and a local broker who has assisted over a thousand homeowners and $500,000,000+ closed loans in King County.

Seattle Market Expert

25+ years placing Seattle families in homes. I know the neighborhoods, the prices, and how lenders view this market.

850+ 5 Star Reviews

Social proof is a significant part of the decision-making process. I am committed to education and service.

Fast Pre-Approvals

In Seattle’s competitive market, speed matters. I turn pre-approvals around fast so you can make strong offers with confidence.

Advanced Underwriting

Being able to waive the financing contingency makes your offers as strong as a cash offer.

Speed to Close

To make your offer stand out to sellers, create leverage in negotiations, closing in 9 business days is a proven advantage.

Real Person, Real Answers

You get direct access to me — not a call center. Honest guidance from application through closing and beyond.

Ready to See Your Seattle Mortgage Rate?

Get a personalized rate quote with no obligation. Takes about a minute and won’t affect your credit score.

Book a Free Call with Keith Request Personalized Quote Call (206) 601-3426

Keith Akada · Seattle Mortgage Broker · NMLS #112443 · Licensed in Washington State