SEATTLE - BELLEVUE - KENT Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Seattle - Bellevue - Kent averaged 7.33% for the week of 2023-12-07, compared to the national average of 7.03% for the same period.

The average rate for the prior week (2023-11-30) was 7.42% and one month ago for the week of 2023-11-02, the average rate was 7.76%.

Seattle - Bellevue - Kent's average rate one year ago was 6.79%.

For refis of the same type during the week of 2023-12-07, the average rate was 7.83%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-12-07 7.03%
Seattle - Bellevue - Kent 30 Year Fixed Rate 2023-12-07 7.33%
Seattle - Bellevue - Kent 30 Year Fixed Rate Refi 2023-12-07 7.83%
Seattle - Bellevue - Kent 15 Year Fixed Rate 2023-12-07 6.29%
Seattle - Bellevue - Kent 15 Year Fixed Rate Refi 2023-12-07 6.19%
Seattle - Bellevue - Kent 30 Year FHA 2023-12-07 6.92%
Seattle - Bellevue - Kent 30 Year FHA Refi 2023-12-07 6.92%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SEATTLE-BELLEVUE-KENT, WA.

SEATTLE - BELLEVUE - KENT Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the SEATTLE-BELLEVUE-KENT, WA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs

SEATTLE-BELLEVUE-KENT, WA Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share


SEATTLE - BELLEVUE - KENT Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - SEATTLE - BELLEVUE - KENT (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $494,878 (13.3%) $817,476 (17.5%) 1.83 2,935
2018-02-01 $522,475 (13.7%) $837,160 (12.5%) 1.90 2,977
2018-03-01 $550,000 (14.9%) $855,943 (13.2%) 1.93 3,291
2018-04-01 $559,975 (12.9%) $860,533 (10.6%) 1.90 3,916
2018-05-01 $571,500 (14.4%) $860,415 (9.9%) 1.91 4,776
2018-06-01 $575,000 (15.0%) $857,750 (10.4%) 1.92 5,926
2018-07-01 $565,925 (13.3%) $823,615 (7.1%) 1.89 7,217
2018-08-01 $550,483 (12.9%) $794,782 (6.7%) 1.84 8,155
2018-09-01 $549,950 (12.5%) $784,101 (4.7%) 1.85 9,205
2018-10-01 $552,500 (12.8%) $781,837 (3.0%) 1.87 9,383
2018-11-01 $549,998 (11.7%) $781,663 (0.8%) 1.86 8,294
2018-12-01 $550,000 (11.1%) $789,581 (-0.7%) 1.90 6,850
2019-01-01 $562,475 (13.7%) $817,211 (0.0%) 1.94 5,558
2019-02-01 $593,745 (13.6%) $859,510 (2.7%) 2.01 5,429
2019-03-01 $608,423 (10.6%) $873,910 (2.1%) 1.99 5,655
2019-04-01 $627,445 (12.1%) $899,002 (4.5%) 1.99 5,935
2019-05-01 $623,714 (9.1%) $881,335 (2.4%) 1.95 7,098
2019-06-01 $614,950 (7.0%) $859,290 (0.2%) 1.92 7,807
2019-07-01 $599,995 (6.0%) $850,226 (3.2%) 1.88 7,784
2019-08-01 $595,836 (8.2%) $841,720 (5.9%) 1.89 8,177
2019-09-01 $589,741 (7.2%) $834,170 (6.4%) 1.89 8,310
2019-10-01 $585,677 (6.0%) $829,137 (6.1%) 1.89 8,318
2019-11-01 $579,000 (5.3%) $833,915 (6.7%) 1.90 6,740
2019-12-01 $579,963 (5.5%) $846,325 (7.2%) 1.93 4,769
2020-01-01 $587,500 (4.5%) $867,078 (6.1%) 1.96 3,867
2020-02-01 $599,900 (1.0%) $889,450 (3.5%) 1.97 3,791
2020-03-01 $606,735 (-0.3%) $882,182 (1.0%) 1.90 4,300
2020-04-01 $599,950 (-4.4%) $851,056 (-5.3%) 1.88 4,889
2020-05-01 $608,000 (-2.5%) $859,906 (-2.4%) 1.85 5,649
2020-06-01 $621,498 (1.1%) $887,354 (3.3%) 1.83 5,729
2020-07-01 $627,000 (4.5%) $896,012 (5.4%) 1.82 5,735
2020-08-01 $625,000 (4.9%) $885,121 (5.2%) 1.79 5,959
2020-09-01 $624,999 (6.0%) $885,251 (6.1%) 1.79 6,059
2020-10-01 $619,990 (5.9%) $890,134 (7.4%) 1.78 5,838
2020-11-01 $626,725 (8.2%) $922,318 (10.6%) 1.83 4,129
2020-12-01 $624,975 (7.8%) $930,668 (10.0%) 1.86 3,092
2021-01-01 $638,000 (8.6%) $958,591 (10.6%) 1.90 2,424
2021-02-01 $648,625 (8.1%) $953,436 (7.2%) 1.89 2,219
2021-03-01 $652,500 (7.5%) $924,093 (4.8%) 1.85 2,584
2021-04-01 $669,975 (11.7%) $940,369 (10.5%) 1.81 2,763
2021-05-01 $679,900 (11.8%) $946,099 (10.0%) 1.81 2,937
2021-06-01 $683,725 (10.0%) $944,535 (6.4%) 1.80 3,425
2021-07-01 $689,950 (10.0%) $943,656 (5.3%) 1.82 3,642
2021-08-01 $674,975 (8.0%) $912,385 (3.1%) 1.80 3,753
2021-09-01 $675,000 (8.0%) $918,542 (3.8%) 1.80 3,744
2021-10-01 $675,000 (8.9%) $939,780 (5.6%) 1.80 3,324
2021-11-01 $674,995 (7.7%) $947,493 (2.7%) 1.80 2,510
2021-12-01 $662,500 (6.0%) $933,599 (0.3%) 1.80 1,659
2022-01-01 $685,000 (7.4%) $1,001,556 (4.5%) 1.85 1,315
2022-02-01 $722,450 (11.4%) $1,051,274 (10.3%) 1.88 1,539
2022-03-01 $749,950 (14.9%) $1,075,899 (16.4%) 1.88 1,867
2022-04-01 $799,950 (19.4%) $1,128,806 (20.0%) 1.91 2,207
2022-05-01 $824,995 (21.3%) $1,161,979 (22.8%) 1.89 3,971
2022-06-01 $802,495 (17.4%) $1,135,816 (20.3%) 1.79 5,457
2022-07-01 $789,950 (14.5%) $1,083,279 (14.8%) 1.78 6,958
2022-08-01 $774,975 (14.8%) $1,075,045 (17.8%) 1.79 6,964
2022-09-01 $762,485 (13.0%) $1,078,753 (17.4%) 1.78 6,694
2022-10-01 $750,000 (11.1%) $1,060,491 (12.8%) 1.76 6,701
2022-11-01 $737,450 (9.3%) $1,056,954 (11.6%) 1.77 6,006
2022-12-01 $725,000 (9.4%) $1,038,782 (11.3%) 1.79 4,558
2023-01-01 $727,000 (6.1%) $1,042,111 (4.1%) 1.80 3,673
2023-02-01 $749,950 (3.8%) $1,105,965 (5.2%) 1.81 3,115
2023-03-01 $788,975 (5.2%) $1,177,386 (9.4%) 1.86 3,105
2023-04-01 $825,000 (3.1%) $1,236,506 (9.5%) 1.92 3,164
2023-05-01 $822,500 (-0.3%) $1,235,282 (6.3%) 1.86 3,543
2023-06-01 $824,720 (2.8%) $1,225,765 (7.9%) 1.85 4,090
2023-07-01 $815,000 (3.2%) $1,242,311 (14.7%) 1.85 4,267
2023-08-01 $799,475 (3.2%) $1,226,323 (14.1%) 1.84 4,504
2023-09-01 $799,000 (4.8%) $1,215,186 (12.7%) 1.86 4,774
2023-10-01 $792,250 (5.6%) $1,179,771 (11.3%) 1.86 4,808
2023-11-01 $752,413 (2.0%) $1,110,443 (5.1%) 1.79 5,293
SEATTLE - BELLEVUE - KENT's median listing price for 2023-11-01 was $752,413, a difference of $14,963 (2.0%) versus the prior year and $-39,837 versus the prior month.

SEATTLE - BELLEVUE - KENT's median listing price comes in at 179% of the national average.

SEATTLE - BELLEVUE - KENT's average listing price for 2023-11-01 was $1,110,443, a difference of $53,489 (5.1%) versus the prior year and $-69,328 versus the prior month.

For the 2023-11-01 period, SEATTLE - BELLEVUE - KENT had 5,293 MLS listings, a difference of 485 listings (10%) versus the prior month and -713 listings (-12%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - SEATTLE - BELLEVUE - KENT (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 43 days 2,183 sqft
2018-02-01 26 days 2,178 sqft
2018-03-01 22 days 2,171 sqft
2018-04-01 22 days 2,153 sqft
2018-05-01 19 days 2,180 sqft
2018-06-01 22 days 2,180 sqft
2018-07-01 29 days 2,136 sqft
2018-08-01 30 days 2,104 sqft
2018-09-01 36 days 2,041 sqft
2018-10-01 38 days 2,035 sqft
2018-11-01 45 days 2,018 sqft
2018-12-01 59 days 2,040 sqft
2019-01-01 63 days 2,085 sqft
2019-02-01 42 days 2,141 sqft
2019-03-01 33 days 2,137 sqft
2019-04-01 24 days 2,160 sqft
2019-05-01 28 days 2,118 sqft
2019-06-01 31 days 2,110 sqft
2019-07-01 37 days 2,110 sqft
2019-08-01 39 days 2,084 sqft
2019-09-01 41 days 2,059 sqft
2019-10-01 43 days 2,046 sqft
2019-11-01 50 days 2,020 sqft
2019-12-01 61 days 2,044 sqft
2020-01-01 65 days 2,052 sqft
2020-02-01 31 days 2,066 sqft
2020-03-01 23 days 2,089 sqft
2020-04-01 31 days 2,075 sqft
2020-05-01 35 days 2,054 sqft
2020-06-01 31 days 2,038 sqft
2020-07-01 30 days 2,009 sqft
2020-08-01 30 days 1,920 sqft
2020-09-01 33 days 1,840 sqft
2020-10-01 35 days 1,778 sqft
2020-11-01 41 days 1,712 sqft
2020-12-01 48 days 1,689 sqft
2021-01-01 43 days 1,664 sqft
2021-02-01 29 days 1,680 sqft
2021-03-01 23 days 1,749 sqft
2021-04-01 23 days 1,774 sqft
2021-05-01 20 days 1,800 sqft
2021-06-01 20 days 1,819 sqft
2021-07-01 23 days 1,827 sqft
2021-08-01 26 days 1,825 sqft
2021-09-01 29 days 1,856 sqft
2021-10-01 33 days 1,846 sqft
2021-11-01 35 days 1,825 sqft
2021-12-01 39 days 1,793 sqft
2022-01-01 37 days 1,792 sqft
2022-02-01 16 days 1,819 sqft
2022-03-01 17 days 1,888 sqft
2022-04-01 16 days 1,964 sqft
2022-05-01 16 days 2,068 sqft
2022-06-01 22 days 2,050 sqft
2022-07-01 28 days 2,040 sqft
2022-08-01 34 days 2,026 sqft
2022-09-01 39 days 2,011 sqft
2022-10-01 39 days 1,970 sqft
2022-11-01 45 days 1,954 sqft
2022-12-01 59 days 1,960 sqft
2023-01-01 65 days 1,950 sqft
2023-02-01 43 days 1,981 sqft
2023-03-01 32 days 2,050 sqft
2023-04-01 31 days 2,030 sqft
2023-05-01 29 days 2,041 sqft
2023-06-01 29 days 2,044 sqft
2023-07-01 33 days 2,041 sqft
2023-08-01 33 days 2,006 sqft
2023-09-01 37 days 1,990 sqft
2023-10-01 38 days 1,962 sqft
2023-11-01 45 days 1,913 sqft
SEATTLE - BELLEVUE - KENT's median listing age (time on market) for 2023-11-01 was 45 days. This is 1% longer than the same period one year ago.

SEATTLE - BELLEVUE - KENT's median square footage for active listings during the 2023-11-01 period was 1,913 sqft. One year prior, the average listing was 1,954 sqft.

SEATTLE-BELLEVUE-KENT, WA Market Loan Reason

Loan Purpose Originations Total Value Average Loan

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan

Loan Sizing (SEATTLE-BELLEVUE-KENT, WA MSA)

Loan Size Originations Total Value Average Loan

LTV Distribution

Loan to Value Originations Total Value Average Loan