Washington Mortgage Rates

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

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Washington, IN.

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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
EVANSVILLE TEACHERS 39 3.06% $2,260
First Federal Savings Bank 33 3.13% $1,311
German American Bank 28 2.94% $2,634
CRANE 25 3.42% $1,756
First Savings Bank 18 3.58% $2,074
QUICKEN LOANS, LLC 15 3.17% $5,897
Farm Credit Mid-America, ACA 10 3.38% $5,813
RUOFF MORTGAGE COMPANY, INC. 8 3.25% $2,153
Old National Bank 8 3.38% $1,690
Wells Fargo Bank 5 3.18% $3,478
UNITED WHOLESALE MORTGAGE, LLC 4 3.02% $2,299
LOANDEPOT.COM, LLC 3 3.46% $4,465
NEWREZ LLC 3 3.46% $3,832
AMERICAN FINANCING CORPORATION 2 2.88% $4,204
Fifth Third Bank 2 3.66% $1,961
Flanagan State Bank 2 3.06% $1,920
Mortgage Research Center, LLC 2 2.94% $2,058
PLAZA HOME MORTGAGE, INC. 2 3.25% $4,515
Regions Bank 2 3.19% $2,187
GUARANTY HOME MORTGAGE CORPORATION 1 3.13% $4,142
HOME POINT FINANCIAL CORPORATION 1 3.49% $1,293
Horizon Bank 1 4.25% $4,501
INTERCAP LENDING INC. 1 3.25% $2,978
INTERLINC MORTGAGE SERVICES, LLC 1 3.25% $3,434
CROSSCOUNTRY MORTGAGE, LLC 1 3.38% $2,857
MEMBER FIRST MORTGAGE, LLC 1 4.50% $2,357
MORTGAGE MASTERS OF INDIANA, INC. 1 2.88% $2,889
Truist Bank 1 3.10% $2,541
Mr. Cooper ( Nationstar Mortgage ) 1 3.38% $3,035
NAVY FEDERAL CREDIT UNION 1 4.00% $1,064
Colten Mortgage, LLC 1 3.25% $3,338
Northpointe Bank 1 3.25% $4,983
Northwest Bank 1 3.50% $2,509
OCMBC, INC. 1 3.00% $11,504
Century Mortgage Company DBA Century Lending Company 1 2.99% $2,472
PLANET HOME LENDING, LLC 1 3.25% $2,121
AMERISAVE MORTGAGE CORPORATION 1 2.63% $10,856
PNC Bank 1 3.50% $2,237
BROKER SOLUTIONS, INC. 1 3.13% $5,599
AMERIFIRST FINANCIAL CORPORATION 1 3.38% $3,868
Bank of America 1 2.88% $2,559
First Financial Bank 1 3.00% $2,255
SUCCESS MORTGAGE PARTNERS, INC. 1 4.50% $4,484
FREEDOM MORTGAGE CORPORATION 1 3.75% $2,895
FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $2,836

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. Louis
Date 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 for 2022-06-01 was $169,900, a difference of $-10,000 (-5.6%) versus the prior year and $-22,050 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-06-01 was 0 days.

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.