Seattle Mortgage Broker · Keith Akada
Seattle Mortgage Rates
Current purchase and refinance rates for Seattle, WA homebuyers. Updated weekly and tailored to King County’s market. No bots — real rates from a local broker who knows Seattle real estate.
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.
30-Year Fixed
6.125%
APR: 6.266%
Most popular for first-time buyers & long-term homeowners. Stable payment over 30 years. Loan amounts up to $832,750.
Conforming30-Year Fixed High Balance
6.375%
APR: 6.419%
For loan amounts $832,751–$1,063,750. Common in Seattle & King County where home prices exceed conforming limits.
High BalanceJumbo (30-yr)
6.125%
APR: 6.162%
For loan amounts above $1,063,750. Common in Seattle’s high-price market.
Jumbo15-Year Fixed
5.50%
APR: 5.619%
Lower rate, higher payment. Build equity faster — great for refinancing.
Reduced TermFHA Loan
5.625%
APR: 6.389%
3.5% down minimum. Flexible credit requirements. Ideal for first-time Seattle buyers.
3.5% DownVA Loan
5.625%
APR: 5.679%
Zero down for eligible veterans & active duty. No PMI. Seattle’s best deal for qualifying buyers.
0% DownDisclaimer: Rates shown are sample rates for informational purposes and are updated weekly. 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 and mortgage insurance for FHA loans.
Rates displayed in the table include approximately ZERO point and are based on the following assumptions: Conforming 30-year fixed, 15-year fixed, based on a loan amount of $700,000 with a down payment of 20%. High Balance 30-year fixed based on a loan amount of $900,000 with a down payment of 20%. 30-year fixed jumbo based on a loan amount of $1,300,000 with a down payment of 20%. 30-year fixed FHA based on a loan amount of $500,000 with a down payment of 3.5%. 30-year fixed VA based on a loan amount of $500,000 with ZERO down payment. All loans assume a single-family residence; 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.
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. We closed on time without a problem (3.5 weeks) even though we only first contacted Keith a day before putting in the offer. His entire team was on top of everything every step of the way–every email and every phone call got an immediate response.
We trust him and his team completely and have enthusiastically recommended them to absolutely everyone who we know.
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. Even though we ultimately went with a different option due to a better deal on a new construction property, Keith continued to support us by answering our questions and providing helpful insights along the way. His patience, professionalism, and willingness to help—regardless of the outcome—really stood out.
I highly recommend Keith Akada to anyone looking for a knowledgeable, responsive, and genuinely supportive mortgage broker.
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 |
|---|---|---|---|---|
| Conventional | 3% | 620+ | Yes (if <20% down) | Good credit buyers, move-up buyers, refinance |
| High Balance | 5% | 620+ | Yes (if <20% down) | Seattle buyers with loans $832,751–$1,063,750, refinance |
| Jumbo | 20% | 700+ | N/A | Seattle luxury homes above $1,063,750, refinance |
| FHA | 3.5% | 580+ | Yes (lifetime with low down) | First-time buyers, lower credit scores |
| VA | 0% | None (580+ preferred) | No | Veterans, 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.
As of April 2026, the national 30-year fixed rate averages around 6.23%, per Freddie Mac’s Primary Mortgage Market Survey (PMMS). The 15-year fixed rate in Seattle currently sits near 5.58%.
How to Get the Best Mortgage Rate in Seattle
Your mortgage rate is determined by a combination of market conditions and your personal financial profile. To secure the best rate in Seattle:
- Improve your credit score — a 780+ score qualifies for the best conventional pricing
- 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.
Your Seattle Mortgage Broker
25+ Years. 750+ Reviews. 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.
750+ 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 fast 8–10 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 5 minutes and won’t affect your credit score.
Keith Akada · Seattle Mortgage Broker · NMLS #112443 · Licensed in Washington State