Washington Mortgage Rates
30 Year Fixed Rate mortgages in Washington averaged
6.04%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
6.45% and
one month ago for the week of 2022-05-26, the
average rate was 5.64%.
Washington's average rate one year ago was 3.29%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.71%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Washington 30 Year Fixed Rate | 2022-06-30 | 6.04% |
Washington 30 Year Fixed Rate Refi | 2022-06-30 | 5.71% |
Washington 15 Year Fixed Rate | 2022-06-30 | 5.42% |
Washington 15 Year Fixed Rate Refi | 2022-06-30 | 5.45% |
Washington 30 Year FHA | 2022-06-30 | 5.66% |
Washington 30 Year FHA Refi | 2022-06-30 | 5.87% |
Washington 30 Year USDA | 2022-06-30 | 5.64% |
Washington 30 Year USDA Refi | 2022-06-30 | 5.74% |
Washington 30 Year VA | 2022-06-30 | 5.89% |
Washington 30 Year VA Refi | 2022-06-30 | 5.2% |
Washington Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Washington, IN 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.).
Washington, IN's 45 lenders originated 869
loans during 2021. The total origination value was $128,295,000, with an average loan value of
$147,635.
The top Washington lender as defined by loan originations is EVANSVILLE TEACHERS, with
39 loans originated. Their average total fees are
$2,260, which is $949
higher than the next largest lender,
First Federal Savings Bank.
The lowest fee Washington lenders (with over 10 loans originated) are
First Federal Savings Bank ($1,311), CRANE ($1,756), First Savings Bank ($2,074), EVANSVILLE TEACHERS ($2,260) and German American Bank ($2,634).
The lowest rate Washington lenders (with over 10 loans originated) are
German American Bank (2.94%), EVANSVILLE TEACHERS (3.06%), First Federal Savings Bank (3.13%), QUICKEN LOANS, LLC (3.17%) and Farm Credit Mid-America, ACA (3.38%).
Washington, IN Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
German American Bank | $26,840,000 | $28,845,000 | 7.5% | 22.5% |
EVANSVILLE TEACHERS | $17,910,000 | $15,535,000 | -13.3% | 12.1% |
CRANE | $9,030,000 | $9,095,000 | 0.7% | 7.1% |
First Federal Savings Bank | $10,630,000 | $8,415,000 | -20.8% | 6.6% |
QUICKEN LOANS, LLC | $6,370,000 | $8,190,000 | 28.6% | 6.4% |
Old National Bank | $5,965,000 | $5,775,000 | -3.2% | 4.5% |
Lake City Bank | $4,805,000 | n/a | 3.7% | |
First Savings Bank | $2,250,000 | $4,625,000 | 105.6% | 3.6% |
Farm Credit Mid-America, ACA | $6,770,000 | $3,405,000 | -49.7% | 2.7% |
FREEDOM MORTGAGE CORPORATION | $2,140,000 | $3,200,000 | 49.5% | 2.5% |
PLAZA HOME MORTGAGE, INC. | $390,000 | $3,190,000 | 717.9% | 2.5% |
HOME POINT FINANCIAL CORPORATION | $805,000 | $3,110,000 | 286.3% | 2.4% |
RUOFF MORTGAGE COMPANY, INC. | $2,770,000 | $3,030,000 | 9.4% | 2.4% |
PNC Bank | $225,000 | $1,920,000 | 753.3% | 1.5% |
Mortgage Research Center, LLC | $1,615,000 | $1,835,000 | 13.6% | 1.4% |
LOANDEPOT.COM, LLC | $1,295,000 | $1,555,000 | 20.1% | 1.2% |
Wells Fargo Bank | $475,000 | $1,470,000 | 209.5% | 1.1% |
PENNYMAC LOAN SERVICES, LLC | $305,000 | $1,255,000 | 311.5% | 1.0% |
UNITED WHOLESALE MORTGAGE, LLC | $330,000 | $1,095,000 | 231.8% | 0.9% |
CALIBER HOME LOANS, INC. | $210,000 | $860,000 | 309.5% | 0.7% |
HALLMARK HOME MORTGAGE, LLC | $215,000 | $850,000 | 295.3% | 0.7% |
NEWREZ LLC | $110,000 | $740,000 | 572.7% | 0.6% |
Regions Bank | $770,000 | $710,000 | -7.8% | 0.6% |
PLANET HOME LENDING, LLC | $125,000 | $680,000 | 444.0% | 0.5% |
MORTGAGE MASTERS OF INDIANA, INC. | $370,000 | $505,000 | 36.5% | 0.4% |
LAKEVIEW LOAN SERVICING, LLC | $370,000 | $450,000 | 21.6% | 0.4% |
Fifth Third Bank | $475,000 | $435,000 | -8.4% | 0.3% |
First Financial Bank | $55,000 | $435,000 | 690.9% | 0.3% |
USAA Federal Savings Bank | $1,025,000 | $435,000 | -57.6% | 0.3% |
Bank of England | $95,000 | $430,000 | 352.6% | 0.3% |
BROKER SOLUTIONS, INC. | $500,000 | $410,000 | -18.0% | 0.3% |
NAVY FEDERAL CREDIT UNION | $430,000 | $380,000 | -11.6% | 0.3% |
Flanagan State Bank | $435,000 | $355,000 | -18.4% | 0.3% |
FINANCE OF AMERICA MORTGAGE LLC | $325,000 | n/a | 0.3% | |
AMERICAN FINANCING CORPORATION | $320,000 | n/a | 0.2% | |
AMERIFIRST FINANCIAL CORPORATION | $345,000 | $305,000 | -11.6% | 0.2% |
INTERLINC MORTGAGE SERVICES, LLC | $305,000 | n/a | 0.2% | |
SOVEREIGN LENDING GROUP INCORPORATED | $265,000 | $305,000 | 15.1% | 0.2% |
Bank of America | $295,000 | n/a | 0.2% | |
VILLAGE CAPITAL & INVESTMENT LLC | $145,000 | $290,000 | 100.0% | 0.2% |
EVERETT FINANCIAL, INC. | $285,000 | n/a | 0.2% | |
Owen County State Bank | $285,000 | n/a | 0.2% | |
SOUTHWEST FUNDING, LP | $285,000 | n/a | 0.2% | |
ACCELERATE MORTGAGE, LLC | $275,000 | n/a | 0.2% | |
ARC HOME LLC | $275,000 | n/a | 0.2% | |
First Bank Richmond | $275,000 | n/a | 0.2% | |
BETTER MORTGAGE CORPORATION | $265,000 | n/a | 0.2% | |
CROSSCOUNTRY MORTGAGE, LLC | $260,000 | n/a | 0.2% | |
Equity Prime Mortgage LLC | $260,000 | n/a | 0.2% | |
Northwest Bank | $85,000 | $260,000 | 205.9% | 0.2% |
AMERICAN MORTGAGE SERVICE COMPANY | $995,000 | $250,000 | -74.9% | 0.2% |
First Guaranty Mortgage Corporation | $125,000 | $245,000 | 96.0% | 0.2% |
INTERCAP LENDING INC. | $235,000 | n/a | 0.2% | |
AMERISAVE MORTGAGE CORPORATION | $205,000 | n/a | 0.2% | |
KeyBank | $225,000 | $205,000 | -8.9% | 0.2% |
NEW DAY FINANCIAL, LLC | $385,000 | $205,000 | -46.8% | 0.2% |
Mr. Cooper ( Nationstar Mortgage ) | $615,000 | $200,000 | -67.5% | 0.2% |
OCMBC, INC. | $195,000 | n/a | 0.2% | |
OPEN MORTGAGE, LLC | $195,000 | n/a | 0.2% | |
Heritage Federal Credit Union | $320,000 | $190,000 | -40.6% | 0.1% |
Barrington Bank & Trust Company, N.A. | $185,000 | n/a | 0.1% | |
CHURCHILL MORTGAGE CORPORATION | $435,000 | $185,000 | -57.5% | 0.1% |
MUTUAL OF OMAHA MORTGAGE, INC. | $185,000 | n/a | 0.1% | |
AmeriHome Mortgage Company, LLC | $165,000 | $165,000 | 0.0% | 0.1% |
The Federal Savings Bank | $480,000 | $165,000 | -65.6% | 0.1% |
Carrington Mortgage Services, LLC | $280,000 | $160,000 | -42.9% | 0.1% |
First Federal Bank | $165,000 | $155,000 | -6.1% | 0.1% |
Independent Federal Credit Union | $155,000 | n/a | 0.1% | |
MID AMERICA MORTGAGE, INC. | $155,000 | n/a | 0.1% | |
GUARANTY HOME MORTGAGE CORPORATION | $145,000 | n/a | 0.1% | |
Colten Mortgage, LLC | $135,000 | n/a | 0.1% | |
JPMorgan Chase Bank | $410,000 | $135,000 | -67.1% | 0.1% |
Northpointe Bank | $135,000 | n/a | 0.1% | |
U.S. Bank | $235,000 | $135,000 | -42.6% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $125,000 | n/a | 0.1% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $105,000 | n/a | 0.1% | |
Ally Bank | $95,000 | n/a | 0.1% | |
MEMBER FIRST MORTGAGE, LLC | $95,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $95,000 | n/a | 0.1% | |
SUCCESS MORTGAGE PARTNERS, INC. | $425,000 | $95,000 | -77.6% | 0.1% |
Horizon Bank | $155,000 | $85,000 | -45.2% | 0.1% |
Figure Lending LLC | $25,000 | $80,000 | 220.0% | 0.1% |
The Huntington National Bank | $175,000 | $75,000 | -57.1% | 0.1% |
Truist Bank | $65,000 | n/a | 0.1% | |
Century Mortgage Company DBA Century Lending Company | $55,000 | n/a | 0.0% | |
Discover Bank | $85,000 | $55,000 | -35.3% | 0.0% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $550,000 | $55,000 | -90.0% | 0.0% |
Washington's top lender by overall market share is German American Bank, with 22.5% market share. In second place, with 12.1%, is EVANSVILLE TEACHERS, having originated $15,535,000 in loans. In third place, with 7.1%, is CRANE, having originated $9,095,000 in loans. In third place, with 6.6%, is First Federal Savings Bank, having originated $8,415,000 in loans. In third place, with 6.4%, is QUICKEN LOANS, LLC, having originated $8,190,000 in loans.
Washington, IN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Refi | 334 | $47,880,000 | $143,353 |
Home Purchase | 263 | $49,335,000 | $187,586 |
Cash Out Refi | 166 | $22,440,000 | $135,181 |
Other | 68 | $5,840,000 | $85,882 |
Home Improvement | 38 | $2,800,000 | $73,684 |
Washington's most frequently cited loan purpose was Refi, with 334 originations. The 2nd most popular reason was Home Purchase, with 263 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 315 | $47,125,000 | $149,603 |
2.5-3% | 285 | $43,415,000 | $152,333 |
<2.5% | 179 | $23,175,000 | $129,469 |
4-5% | 72 | $13,290,000 | $184,583 |
5-6% | 9 | $465,000 | $51,667 |
Over 8% | 4 | $170,000 | $42,500 |
6-7% | 2 | $150,000 | $75,000 |
7-8% | 1 | $125,000 | $125,000 |
During 2021, Washington's most frequently originated rate bucket was 3-4%, with 315 originations.
Loan Sizing (Washington, IN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 367 | $52,745,000 | $143,719 |
$100,000 or less | 319 | $19,415,000 | $60,862 |
$200k-400k | 171 | $44,535,000 | $260,439 |
$400k-600k | 8 | $3,750,000 | $468,750 |
$600k-1000k | 2 | $1,360,000 | $680,000 |
$Over $1MM | 2 | $6,490,000 | $3,245,000 |
Washington's loan sizing saw the bucket of loans from $100k-200k with 367 originations, totaling $52,745,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 272 | $52,570,000 | $193,272 |
60-80% | 220 | $38,870,000 | $176,682 |
20-40% | 135 | $10,785,000 | $79,889 |
40-60% | 134 | $17,570,000 | $131,119 |
Under 20% | 80 | $3,380,000 | $42,250 |
Over 100% | 4 | $940,000 | $235,000 |
Washington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 272 originations, totaling $52,570,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Washington (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $139,450 (36.5%) | $171,582 (38.3%) | 0.00 | 69 |
2018-02-01 | $136,250 (41.2%) | $170,060 (38.7%) | 0.00 | 72 |
2018-03-01 | $143,900 (48.8%) | $175,871 (41.4%) | 0.00 | 71 |
2018-04-01 | $147,500 (53.8%) | $171,139 (40.3%) | 0.00 | 77 |
2018-05-01 | $149,500 (42.5%) | $179,282 (42.7%) | 0.00 | 76 |
2018-06-01 | $142,900 (24.3%) | $173,507 (37.8%) | 0.00 | 78 |
2018-07-01 | $141,400 (18.3%) | $177,939 (28.1%) | 0.00 | 74 |
2018-08-01 | $144,900 (19.8%) | $186,031 (33.0%) | 0.00 | 75 |
2018-09-01 | $151,700 (21.5%) | $188,409 (29.9%) | 0.00 | 76 |
2018-10-01 | $159,900 (26.7%) | $180,836 (13.8%) | 0.00 | 77 |
2018-11-01 | $162,400 (20.4%) | $184,447 (11.0%) | 0.00 | 72 |
2018-12-01 | $159,900 (18.5%) | $192,753 (14.4%) | 0.00 | 68 |
2019-01-01 | $148,950 (6.8%) | $187,439 (9.2%) | 0.00 | 67 |
2019-02-01 | $145,950 (7.1%) | $185,514 (9.1%) | 0.00 | 56 |
2019-03-01 | $156,814 (9.0%) | $198,636 (12.9%) | 0.00 | 54 |
2019-04-01 | $168,264 (14.1%) | $206,814 (20.9%) | 0.00 | 49 |
2019-05-01 | $141,200 (-5.6%) | $184,195 (2.7%) | 0.00 | 54 |
2019-06-01 | $145,000 (1.5%) | $171,900 (-0.9%) | 0.00 | 61 |
2019-07-01 | $148,900 (5.3%) | $162,499 (-8.7%) | 0.00 | 58 |
2019-08-01 | $137,329 (-5.2%) | $161,120 (-13.4%) | 0.00 | 67 |
2019-09-01 | $132,879 (-12.4%) | $161,067 (-14.5%) | 0.00 | 67 |
2019-10-01 | $131,950 (-17.5%) | $168,122 (-7.0%) | 0.00 | 59 |
2019-11-01 | $119,500 (-26.4%) | $166,793 (-9.6%) | 0.00 | 58 |
2019-12-01 | $122,450 (-23.4%) | $169,230 (-12.2%) | 0.00 | 52 |
2020-01-01 | $122,250 (-17.9%) | $168,472 (-10.1%) | 0.00 | 50 |
2020-02-01 | $119,900 (-17.9%) | $171,310 (-7.7%) | 0.00 | 48 |
2020-03-01 | $160,000 (2.0%) | $215,526 (8.5%) | 0.00 | 46 |
2020-04-01 | $179,900 (6.9%) | $222,820 (7.7%) | 0.00 | 44 |
2020-05-01 | $165,000 (16.9%) | $208,517 (13.2%) | 0.00 | 42 |
2020-06-01 | $151,200 (4.3%) | $212,320 (23.5%) | 0.00 | 36 |
2020-07-01 | $157,500 (5.8%) | $230,650 (41.9%) | 0.00 | 33 |
2020-08-01 | $159,000 (15.8%) | $220,844 (37.1%) | 0.00 | 41 |
2020-09-01 | $161,400 (21.5%) | $215,619 (33.9%) | 0.00 | 42 |
2020-10-01 | $179,900 (36.3%) | $208,631 (24.1%) | 0.00 | 50 |
2020-11-01 | $189,500 (58.6%) | $212,191 (27.2%) | 0.00 | 46 |
2020-12-01 | $165,900 (35.5%) | $200,213 (18.3%) | 0.00 | 40 |
2021-01-01 | $171,900 (40.6%) | $198,735 (18.0%) | 0.00 | 34 |
2021-02-01 | $159,900 (33.4%) | $204,238 (19.2%) | 0.00 | 35 |
2021-03-01 | $147,000 (-8.1%) | $189,590 (-12.0%) | 0.00 | 30 |
2021-04-01 | $129,450 (-28.0%) | $191,944 (-13.9%) | 0.00 | 20 |
2021-05-01 | $145,900 (-11.6%) | $212,858 (2.1%) | 0.00 | 17 |
2021-06-01 | $179,900 (19.0%) | $224,654 (5.8%) | 0.00 | 25 |
2021-07-01 | $186,000 (18.1%) | $228,184 (-1.1%) | 0.00 | 30 |
2021-08-01 | $169,900 (6.9%) | $218,705 (-1.0%) | 0.00 | 41 |
2021-09-01 | $162,500 (0.7%) | $241,159 (11.8%) | 0.00 | 40 |
2021-10-01 | $189,500 (5.3%) | $254,900 (22.2%) | 0.00 | 34 |
2021-11-01 | $199,250 (5.2%) | $247,542 (16.7%) | 0.00 | 40 |
2021-12-01 | $199,250 (20.1%) | $251,272 (25.5%) | 0.00 | 45 |
2022-01-01 | $179,900 (4.7%) | $240,960 (21.3%) | 0.00 | 40 |
2022-02-01 | $162,500 (1.6%) | $208,811 (2.2%) | 0.00 | 33 |
2022-03-01 | $164,950 (12.2%) | $221,173 (16.7%) | 0.00 | 30 |
2022-04-01 | $184,900 (42.8%) | $222,136 (15.7%) | 0.00 | 33 |
2022-05-01 | $191,950 (31.6%) | $237,978 (11.8%) | 0.00 | 34 |
2022-06-01 | $169,900 (-5.6%) | $213,482 (-5.0%) | 0.00 | 38 |
Washington's median listing price comes in at 0% of the national average.
Washington's average listing price for 2022-06-01 was $213,482, a difference of $-11,172 (-5.0%) versus the prior year and $-24,496 versus the prior month.
For the 2022-06-01 period, Washington had 38 MLS listings, a difference of 4 listings (12%) versus the prior month and 13 listings (52%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Washington (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,657 sqft |
2018-02-01 | 0 days | 1,604 sqft |
2018-03-01 | 0 days | 1,676 sqft |
2018-04-01 | 0 days | 1,776 sqft |
2018-05-01 | 0 days | 1,831 sqft |
2018-06-01 | 0 days | 1,800 sqft |
2018-07-01 | 0 days | 1,800 sqft |
2018-08-01 | 0 days | 1,800 sqft |
2018-09-01 | 0 days | 1,805 sqft |
2018-10-01 | 0 days | 1,800 sqft |
2018-11-01 | 0 days | 1,800 sqft |
2018-12-01 | 0 days | 1,886 sqft |
2019-01-01 | 0 days | 1,880 sqft |
2019-02-01 | 0 days | 1,828 sqft |
2019-03-01 | 0 days | 1,884 sqft |
2019-04-01 | 0 days | 1,898 sqft |
2019-05-01 | 0 days | 1,800 sqft |
2019-06-01 | 0 days | 1,562 sqft |
2019-07-01 | 0 days | 1,665 sqft |
2019-08-01 | 0 days | 1,601 sqft |
2019-09-01 | 0 days | 1,537 sqft |
2019-10-01 | 0 days | 1,700 sqft |
2019-11-01 | 0 days | 1,665 sqft |
2019-12-01 | 0 days | 1,665 sqft |
2020-01-01 | 0 days | 1,701 sqft |
2020-02-01 | 0 days | 1,779 sqft |
2020-03-01 | 0 days | 1,918 sqft |
2020-04-01 | 0 days | 1,943 sqft |
2020-05-01 | 0 days | 1,857 sqft |
2020-06-01 | 0 days | 1,668 sqft |
2020-07-01 | 0 days | 1,714 sqft |
2020-08-01 | 0 days | 1,772 sqft |
2020-09-01 | 0 days | 1,770 sqft |
2020-10-01 | 0 days | 1,740 sqft |
2020-11-01 | 0 days | 1,764 sqft |
2020-12-01 | 0 days | 1,680 sqft |
2021-01-01 | 0 days | 1,681 sqft |
2021-02-01 | 0 days | 1,656 sqft |
2021-03-01 | 0 days | 1,760 sqft |
2021-04-01 | 0 days | 1,777 sqft |
2021-05-01 | 0 days | 1,706 sqft |
2021-06-01 | 0 days | 1,769 sqft |
2021-07-01 | 0 days | 1,798 sqft |
2021-08-01 | 0 days | 1,663 sqft |
2021-09-01 | 0 days | 1,688 sqft |
2021-10-01 | 0 days | 1,843 sqft |
2021-11-01 | 0 days | 1,741 sqft |
2021-12-01 | 0 days | 1,730 sqft |
2022-01-01 | 0 days | 1,666 sqft |
2022-02-01 | 0 days | 1,715 sqft |
2022-03-01 | 0 days | 1,695 sqft |
2022-04-01 | 0 days | 1,728 sqft |
2022-05-01 | 0 days | 1,727 sqft |
2022-06-01 | 0 days | 1,379 sqft |
Washington's median square footage for active listings during the 2022-06-01 period was 1,379 sqft. One year prior, the average listing was 1,769 sqft.