Washington Mortgage and Refinance Rates

Current mortgage rates in Washington

As of Tuesday, May 26, 2026, current interest rates in Washington are 6.56% for a 30-year fixed mortgage and 5.94% for a 15-year fixed mortgage.

While significantly higher than the pandemic-era lows, mortgage rates in Washington state have recently shown some signs of stabilizing and even slightly decreasing. 

Refinance rates in Washington

Refinance rates in Washington have been steady lately, following the broader national trend of modest stabilization. Still, the right time to refinance will depend on the rates you qualify for, as well as your individual goals and needs. If you’ve been a homeowner for some time and are looking for a way to pay for a major purchase, a cash-out refinance could help you achieve your goals.

Refinance rates in Washington sit at 6.69% for a 30-year fixed-rate loan, as of Tuesday, May 26, 2026. It may be a good time to refinance if you borrowed when mortgage rates were in the 7% to 8% range.

Washington mortgage rates by loan type

Mortgage options in Washington

If you’re looking to get a mortgage in Washington, there are several options:

First-time homebuyer programs in Washington

In Washington, qualifying first-time homebuyers have access to a variety of programs and educational opportunities, including:

• Home Advantage Program and down payment assistance: This state program is for new homebuyers — either first-time homebuyers or those who have owned in the past but do not currently. Through this program, qualifying buyers can receive up to 5% of the first mortgage price in down payment assistance. The borrower must attend a free five-hour homebuyer education course to qualify, among other criteria.
• House Key Opportunity Program: Designed exclusively for first-time homebuyers, this state bond program requires borrowers to complete a homebuyer education course and work with a state-approved lender. The program is only available to those using certain down payment assistance programs, and there are exceptions for those purchasing a new construction or a home in a community land trust.
• EnergySpark: If you qualify for a Home Advantage loan and want to buy an eco-friendly home, the Washington State Housing Finance Commission’s (WSHFC) EnergySpark program can give you an interest rate reduction. To qualify, you must be buying a new home that exceeds Washington state energy standards by 15%, or buying an existing home that’s been renovated to exceed standards by 10%.

How to find the best mortgage rate in Washington for you

Additional Washington mortgage resources