Washington Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Washington averaged
6.88%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.31% and
one month ago for the week of 2023-02-09, the
average rate was 6.7%.
Washington's average rate one year ago was 4.13%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.69%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Washington 30 Year Fixed Rate | 2023-03-16 | 6.88% |
| Washington 30 Year Fixed Rate Refi | 2023-03-16 | 6.69% |
| Washington 15 Year Fixed Rate | 2023-03-16 | 6.39% |
| Washington 15 Year Fixed Rate Refi | 2023-03-16 | 6.37% |
| Washington 30 Year FHA | 2023-03-16 | 6.4% |
| Washington 30 Year FHA Refi | 2023-03-16 | 6.3% |
| Washington 30 Year USDA | 2023-03-16 | 6.35% |
| Washington 30 Year USDA Refi | 2023-03-16 | 6.94% |
| Washington 30 Year VA | 2023-03-16 | 6.25% |
| Washington 30 Year VA Refi | 2023-03-16 | 6.31% |
Washington 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 Washington, NC 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 Average Closing Costs & Other Stats
Washington, NC's 90 lenders originated 1,527
loans during 2021. The total origination value was $279,565,000, with an average loan value of
$183,081.
Washington's average closing costs are $4,004.
The top Washington lender as defined by loan originations is STATE EMPLOYEES', with
88 loans originated. Their average total fees are
$3,521, which is $1,491
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Washington lenders (with over 10 loans originated) are
Southern Bank and Trust Company ($3,044), First Bank ($3,246), First National Bank of Pennsylvania ($3,288), LOCAL GOVERNMENT FEDERAL CREDIT UNION ($3,419) and STATE EMPLOYEES' ($3,521).
The lowest rate Washington lenders (with over 10 loans originated) are
BETTER MORTGAGE CORPORATION (2.93%), First National Bank of Pennsylvania (2.94%), Truist (2.97%), Towne Bank (3.03%) and QUICKEN LOANS, LLC (3.06%).
Washington, NC 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| STATE EMPLOYEES' | $23,420,000 | $32,930,000 | 40.6% | 11.8% |
| QUICKEN LOANS, LLC | $19,385,000 | $25,690,000 | 32.5% | 9.2% |
| Southern Bank and Trust Company | $14,650,000 | $22,320,000 | 52.4% | 8.0% |
| First Bank | $16,530,000 | $19,720,000 | 19.3% | 7.1% |
| First National Bank of Pennsylvania | $24,570,000 | $11,550,000 | -53.0% | 4.1% |
| Truist Bank | $7,945,000 | $10,445,000 | 31.5% | 3.7% |
| Alcova Mortgage LLC | $5,695,000 | $10,245,000 | 79.9% | 3.7% |
| First-Citizens Bank & Trust Company | $5,780,000 | $10,225,000 | 76.9% | 3.7% |
| Wells Fargo Bank | $7,690,000 | $8,315,000 | 8.1% | 3.0% |
| Towne Bank | $9,465,000 | $6,490,000 | -31.4% | 2.3% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $5,200,000 | $6,405,000 | 23.2% | 2.3% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $5,470,000 | $5,965,000 | 9.0% | 2.1% |
| LOANDEPOT.COM, LLC | $3,340,000 | $5,245,000 | 57.0% | 1.9% |
| FREEDOM MORTGAGE CORPORATION | $5,880,000 | $4,850,000 | -17.5% | 1.7% |
| PENNYMAC LOAN SERVICES, LLC | $2,290,000 | $3,705,000 | 61.8% | 1.3% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $5,075,000 | $3,445,000 | -32.1% | 1.2% |
| NAVY FEDERAL CREDIT UNION | $3,515,000 | $3,260,000 | -7.3% | 1.2% |
| BETTER MORTGAGE CORPORATION | $640,000 | $3,110,000 | 385.9% | 1.1% |
| MOVEMENT MORTGAGE, LLC | $3,530,000 | $3,025,000 | -14.3% | 1.1% |
| United Bank | $2,110,000 | $3,025,000 | 43.4% | 1.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,295,000 | $2,710,000 | 109.3% | 1.0% |
| CRESCENT MORTGAGE COMPANY | $2,930,000 | $2,665,000 | -9.0% | 1.0% |
| Mortgage Research Center, LLC | $3,135,000 | $2,440,000 | -22.2% | 0.9% |
| CALIBER HOME LOANS, INC. | $1,755,000 | $2,420,000 | 37.9% | 0.9% |
| Bank of America | $1,515,000 | $2,370,000 | 56.4% | 0.8% |
| ANGEL OAK HOME LOANS LLC | $4,100,000 | $2,225,000 | -45.7% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,640,000 | $2,005,000 | 22.3% | 0.7% |
| CAPITAL CENTER, L.L.C. | $105,000 | $1,870,000 | 1,681.0% | 0.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $205,000 | $1,795,000 | 775.6% | 0.6% |
| GoPrime Mortgage, Inc. | $425,000 | $1,765,000 | 315.3% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $490,000 | $1,715,000 | 250.0% | 0.6% |
| AgCarolina Farm Credit, FLCA | $245,000 | $1,660,000 | 577.6% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,345,000 | $1,660,000 | -29.2% | 0.6% |
| AMERICAN FINANCING CORPORATION | $545,000 | $1,515,000 | 178.0% | 0.5% |
| Carter Bank & Trust | $1,405,000 | n/a | 0.5% | |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $600,000 | $1,335,000 | 122.5% | 0.5% |
| JPMorgan Chase Bank | $2,370,000 | $1,280,000 | -46.0% | 0.5% |
| WEYCO COMMUNITY CREDIT UNION | $1,690,000 | $1,275,000 | -24.6% | 0.5% |
| NBKC BANK | $950,000 | $1,190,000 | 25.3% | 0.4% |
| Citizens Bank | $610,000 | $1,125,000 | 84.4% | 0.4% |
| NEWREZ LLC | $1,005,000 | $1,080,000 | 7.5% | 0.4% |
| BROKER SOLUTIONS, INC. | $340,000 | $1,075,000 | 216.2% | 0.4% |
| VILLAGE CAPITAL & INVESTMENT LLC | $820,000 | $1,020,000 | 24.4% | 0.4% |
| NEW DAY FINANCIAL, LLC | $1,430,000 | $1,015,000 | -29.0% | 0.4% |
| PNC Bank | $1,130,000 | $995,000 | -11.9% | 0.4% |
| INTERCOASTAL MORTGAGE COMPANY | $390,000 | $975,000 | 150.0% | 0.3% |
| ON Q FINANCIAL, INC. | $115,000 | $915,000 | 695.7% | 0.3% |
| EMM LOANS LLC | $680,000 | $880,000 | 29.4% | 0.3% |
| Northpointe Bank | $515,000 | $865,000 | 68.0% | 0.3% |
| UNION HOME MORTGAGE CORP. | $640,000 | $855,000 | 33.6% | 0.3% |
| EQUITY RESOURCES, INC. | $155,000 | $840,000 | 441.9% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $330,000 | $820,000 | 148.5% | 0.3% |
| Corporate Investors Mortgage Group, Inc. | $745,000 | $815,000 | 9.4% | 0.3% |
| North State Bank | $830,000 | $805,000 | -3.0% | 0.3% |
| United Community Bank | $610,000 | $790,000 | 29.5% | 0.3% |
| USAA Federal Savings Bank | $1,705,000 | $755,000 | -55.7% | 0.3% |
| SOFI LENDING CORP. | $690,000 | n/a | 0.2% | |
| GUARANTEED RATE, INC. | $900,000 | $685,000 | -23.9% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $605,000 | $680,000 | 12.4% | 0.2% |
| 21ST MORTGAGE CORPORATION | $240,000 | $675,000 | 181.3% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $660,000 | n/a | 0.2% | |
| HOMESIDE FINANCIAL, LLC | $1,260,000 | $635,000 | -49.6% | 0.2% |
| Capital Bank | $625,000 | n/a | 0.2% | |
| PREMIA MORTGAGE, LLC | $625,000 | n/a | 0.2% | |
| CHURCHILL MORTGAGE CORPORATION | $235,000 | $615,000 | 161.7% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $615,000 | n/a | 0.2% | |
| ACADEMY MORTGAGE CORPORATION | $590,000 | n/a | 0.2% | |
| GSF Mortgage Corporation | $580,000 | n/a | 0.2% | |
| CORNING | $185,000 | $575,000 | 210.8% | 0.2% |
| FINANCE OF AMERICA MORTGAGE LLC | $405,000 | $575,000 | 42.0% | 0.2% |
| CORNERSTONE HOME LENDING, INC. | $725,000 | $565,000 | -22.1% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $545,000 | n/a | 0.2% | |
| The Fidelity Bank | $295,000 | $505,000 | 71.2% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $485,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $480,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $475,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $355,000 | $455,000 | 28.2% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $1,095,000 | $455,000 | -58.4% | 0.2% |
| LIBERTY HOME MORTGAGE CORPORATION | $455,000 | n/a | 0.2% | |
| Northwest Federal Credit Union | $155,000 | $430,000 | 177.4% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $445,000 | $420,000 | -5.6% | 0.2% |
| THE MORTGAGE FIRM, INC. | $155,000 | $415,000 | 167.7% | 0.1% |
| Blue Ridge Bank | $1,060,000 | $405,000 | -61.8% | 0.1% |
| CELEBRITY HOME LOANS, LLC | $405,000 | n/a | 0.1% | |
| Discover Bank | $100,000 | $405,000 | 305.0% | 0.1% |
| The Federal Savings Bank | $390,000 | n/a | 0.1% | |
| SeaTrust Mortgage Company | $385,000 | n/a | 0.1% | |
| HOMESTAR FINANCIAL CORPORATION | $375,000 | n/a | 0.1% | |
| Marine Federal Credit Union | $365,000 | n/a | 0.1% | |
| FAMILY FIRST FUNDING LLC | $335,000 | n/a | 0.1% | |
| InterContinental Capital Group, Inc | $135,000 | $335,000 | 148.1% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $315,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $295,000 | $295,000 | 0.0% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $410,000 | $295,000 | -28.0% | 0.1% |
| Watermark Capital, Inc. | $175,000 | $280,000 | 60.0% | 0.1% |
| COASTAL Federal Credit Union | $490,000 | $275,000 | -43.9% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $275,000 | n/a | 0.1% | |
| MORTGAGE INVESTORS GROUP, INC. | $275,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $305,000 | $275,000 | -9.8% | 0.1% |
| AMERICAN ADVISORS GROUP | $25,000 | $265,000 | 960.0% | 0.1% |
| OVM FINANCIAL, INC. | $265,000 | n/a | 0.1% | |
| LOANPAL, LLC | $340,000 | $260,000 | -23.5% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $255,000 | n/a | 0.1% | |
| Pinnacle Bank | $255,000 | n/a | 0.1% | |
| PriorityOne Bank | $245,000 | $255,000 | 4.1% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $125,000 | $255,000 | 104.0% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $445,000 | $250,000 | -43.8% | 0.1% |
| LADERA LENDING, INC. | $245,000 | n/a | 0.1% | |
| Ally Bank | $225,000 | $235,000 | 4.4% | 0.1% |
| ARC HOME LLC | $175,000 | $235,000 | 34.3% | 0.1% |
| Ameris Bank | $270,000 | $215,000 | -20.4% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $215,000 | n/a | 0.1% | |
| U.S. Bank | $650,000 | $215,000 | -66.9% | 0.1% |
| 1ST SIGNATURE LENDING, LLC | $240,000 | $205,000 | -14.6% | 0.1% |
| Renasant Bank | $1,430,000 | $205,000 | -85.7% | 0.1% |
| South State Bank | $525,000 | $200,000 | -61.9% | 0.1% |
| EVERETT FINANCIAL, INC. | $195,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $195,000 | n/a | 0.1% | |
| RESIDENTIAL MORTGAGE SERVICES, INC. | $195,000 | n/a | 0.1% | |
| VELOCIO MORTGAGE L.L.C. | $195,000 | n/a | 0.1% | |
| First Internet Bank of Indiana | $185,000 | n/a | 0.1% | |
| Lakeview Community Capital, LLC | $115,000 | $185,000 | 60.9% | 0.1% |
| Park Lane Finance Solutions, LLC | $90,000 | $185,000 | 105.6% | 0.1% |
| Prosperity Home Mortgage, LLC | $875,000 | $185,000 | -78.9% | 0.1% |
| West Town Bank & Trust | $185,000 | n/a | 0.1% | |
| Navigant Credit Union | $175,000 | n/a | 0.1% | |
| Austin Capital Bank SSB | $165,000 | n/a | 0.1% | |
| Ixonia Bank | $165,000 | n/a | 0.1% | |
| TIDEWATER MORTGAGE SERVICES, INC. | $165,000 | n/a | 0.1% | |
| First Guaranty Mortgage Corporation | $155,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $155,000 | n/a | 0.1% | |
| Bank of England | $420,000 | $145,000 | -65.5% | 0.1% |
| LENDUS, LLC | $145,000 | n/a | 0.1% | |
| MORTGAGE ACCESS CORP. | $145,000 | n/a | 0.1% | |
| Atlantic Home Loans, Inc. | $125,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $125,000 | n/a | 0.0% | |
| First Savings Bank | $115,000 | n/a | 0.0% | |
| Republic Bank & Trust Company | $115,000 | n/a | 0.0% | |
| Colten Mortgage, LLC | $105,000 | n/a | 0.0% | |
| The Old Point National Bank of Phoebus | $205,000 | $95,000 | -53.7% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $300,000 | $85,000 | -71.7% | 0.0% |
| GMFS LLC | $85,000 | n/a | 0.0% | |
| Union Bank | $85,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $75,000 | n/a | 0.0% | |
| Atlantic Coast Mortgage, LLC | $65,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $195,000 | $65,000 | -66.7% | 0.0% |
| Figure Lending LLC | $55,000 | n/a | 0.0% | |
| FIRST FLIGHT FEDERAL CREDIT UNION | $275,000 | $55,000 | -80.0% | 0.0% |
| TOWER | $55,000 | $55,000 | 0.0% | 0.0% |
| MEMBER ONE | $25,000 | n/a | 0.0% |
Washington's top lender by overall market share is STATE EMPLOYEES', with 11.8% market share. In second place, with 9.2%, is QUICKEN LOANS, LLC, having originated $25,690,000 in loans. In third place, with 8.0%, is Southern Bank and Trust Company, having originated $22,320,000 in loans. In fourth place, with 7.1%, is First Bank, having originated $19,720,000 in loans. In fifth place, with 4.1%, is First National Bank of Pennsylvania, having originated $11,550,000 in loans.
Washington Housing Market Trends (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 | $238,750 (19.4%) | $260,876 (7.2%) | 0.00 | 317 |
| 2018-02-01 | $241,800 (10.2%) | $260,749 (2.6%) | 0.00 | 312 |
| 2018-03-01 | $249,900 (1.3%) | $263,230 (-0.7%) | 0.00 | 312 |
| 2018-04-01 | $249,900 (-3.5%) | $266,120 (-3.1%) | 0.00 | 335 |
| 2018-05-01 | $256,950 (-4.2%) | $271,863 (-3.4%) | 0.00 | 347 |
| 2018-06-01 | $249,900 (-9.1%) | $278,904 (-3.4%) | 0.00 | 333 |
| 2018-07-01 | $252,400 (-7.7%) | $288,110 (-0.6%) | 0.00 | 326 |
| 2018-08-01 | $249,900 (-2.7%) | $290,313 (3.0%) | 0.00 | 311 |
| 2018-09-01 | $248,450 (-0.6%) | $286,107 (3.3%) | 0.00 | 307 |
| 2018-10-01 | $245,000 (-1.6%) | $281,816 (4.7%) | 0.00 | 292 |
| 2018-11-01 | $243,700 (-2.4%) | $280,461 (3.6%) | 0.00 | 290 |
| 2018-12-01 | $245,000 (1.0%) | $281,559 (6.7%) | 0.00 | 274 |
| 2019-01-01 | $243,650 (2.1%) | $280,720 (7.6%) | 0.00 | 260 |
| 2019-02-01 | $249,900 (3.4%) | $289,286 (10.9%) | 0.00 | 257 |
| 2019-03-01 | $261,164 (4.5%) | $296,656 (12.7%) | 0.00 | 261 |
| 2019-04-01 | $264,664 (5.9%) | $304,063 (14.3%) | 0.00 | 264 |
| 2019-05-01 | $273,675 (6.5%) | $309,234 (13.8%) | 0.00 | 271 |
| 2019-06-01 | $274,900 (10.0%) | $307,641 (10.3%) | 0.00 | 282 |
| 2019-07-01 | $275,000 (9.0%) | $312,093 (8.3%) | 0.00 | 278 |
| 2019-08-01 | $281,209 (12.5%) | $320,331 (10.3%) | 0.00 | 262 |
| 2019-09-01 | $283,173 (14.0%) | $326,608 (14.2%) | 0.00 | 251 |
| 2019-10-01 | $284,482 (16.1%) | $326,354 (15.8%) | 0.00 | 237 |
| 2019-11-01 | $269,900 (10.8%) | $311,402 (11.0%) | 0.00 | 233 |
| 2019-12-01 | $266,000 (8.6%) | $309,519 (9.9%) | 0.00 | 231 |
| 2020-01-01 | $259,650 (6.6%) | $301,137 (7.3%) | 0.00 | 223 |
| 2020-02-01 | $259,900 (4.0%) | $302,889 (4.7%) | 0.00 | 217 |
| 2020-03-01 | $259,450 (-0.7%) | $297,152 (0.2%) | 0.00 | 219 |
| 2020-04-01 | $254,725 (-3.8%) | $295,058 (-3.0%) | 0.00 | 216 |
| 2020-05-01 | $259,200 (-5.3%) | $296,387 (-4.2%) | 0.00 | 196 |
| 2020-06-01 | $261,250 (-5.0%) | $303,696 (-1.3%) | 0.00 | 177 |
| 2020-07-01 | $259,975 (-5.5%) | $310,099 (-0.6%) | 0.00 | 161 |
| 2020-08-01 | $249,900 (-11.1%) | $307,982 (-3.9%) | 0.00 | 153 |
| 2020-09-01 | $274,825 (-3.0%) | $315,722 (-3.3%) | 0.00 | 139 |
| 2020-10-01 | $255,000 (-10.4%) | $309,174 (-5.3%) | 0.00 | 119 |
| 2020-11-01 | $252,500 (-6.5%) | $306,632 (-1.5%) | 0.00 | 108 |
| 2020-12-01 | $280,625 (5.5%) | $354,729 (14.6%) | 0.00 | 96 |
| 2021-01-01 | $293,000 (12.8%) | $376,303 (25.0%) | 0.00 | 89 |
| 2021-02-01 | $294,000 (13.1%) | $380,381 (25.6%) | 0.00 | 71 |
| 2021-03-01 | $296,392 (14.2%) | $370,455 (24.7%) | 0.00 | 69 |
| 2021-04-01 | $304,367 (19.5%) | $381,640 (29.3%) | 0.00 | 64 |
| 2021-05-01 | $324,950 (25.4%) | $388,953 (31.2%) | 0.00 | 61 |
| 2021-06-01 | $340,950 (30.5%) | $396,347 (30.5%) | 0.00 | 57 |
| 2021-07-01 | $299,000 (15.0%) | $366,668 (18.2%) | 0.00 | 65 |
| 2021-08-01 | $318,000 (27.3%) | $382,555 (24.2%) | 0.00 | 68 |
| 2021-09-01 | $256,200 (-6.8%) | $335,883 (6.4%) | 0.00 | 76 |
| 2021-10-01 | $269,900 (5.8%) | $354,688 (14.7%) | 0.00 | 72 |
| 2021-11-01 | $274,900 (8.9%) | $335,172 (9.3%) | 0.00 | 61 |
| 2021-12-01 | $289,450 (3.1%) | $340,700 (-4.0%) | 0.00 | 61 |
| 2022-01-01 | $259,450 (-11.5%) | $335,970 (-10.7%) | 0.00 | 60 |
| 2022-02-01 | $262,400 (-10.8%) | $327,681 (-13.9%) | 0.00 | 53 |
| 2022-03-01 | $282,500 (-4.7%) | $317,007 (-14.4%) | 0.00 | 47 |
| 2022-04-01 | $322,000 (5.8%) | $373,522 (-2.1%) | 0.00 | 53 |
| 2022-05-01 | $312,000 (-4.0%) | $365,549 (-6.0%) | 0.00 | 61 |
| 2022-06-01 | $322,225 (-5.5%) | $384,631 (-3.0%) | 0.00 | 75 |
| 2022-07-01 | $311,500 (4.2%) | $382,100 (4.2%) | 0.00 | 87 |
| 2022-08-01 | $311,175 (-2.2%) | $383,016 (0.1%) | 0.00 | 89 |
| 2022-09-01 | $288,500 (12.6%) | $351,724 (4.7%) | 0.00 | 82 |
| 2022-10-01 | $312,000 (15.6%) | $396,220 (11.7%) | 0.00 | 86 |
| 2022-11-01 | $306,000 (11.3%) | $384,382 (14.7%) | 0.00 | 95 |
| 2022-12-01 | $310,745 (7.4%) | $384,876 (13.0%) | 0.00 | 78 |
| 2023-01-01 | $299,950 (15.6%) | $366,332 (9.0%) | 0.00 | 75 |
| 2023-02-01 | $309,975 (18.1%) | $378,115 (15.4%) | 0.00 | 60 |
Washington's median listing price comes in at 0% of the national average.
Washington's average listing price for 2023-02-01 was $378,115, a difference of $50,434 (15.4%) versus the prior year and $11,783 versus the prior month.
For the 2023-02-01 period, Washington had 60 MLS listings, a difference of -15 listings (-20%) versus the prior month and 7 listings (13%) 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 | 2,052 sqft |
| 2018-02-01 | 0 days | 2,060 sqft |
| 2018-03-01 | 0 days | 2,021 sqft |
| 2018-04-01 | 0 days | 2,004 sqft |
| 2018-05-01 | 0 days | 2,050 sqft |
| 2018-06-01 | 0 days | 2,000 sqft |
| 2018-07-01 | 0 days | 2,050 sqft |
| 2018-08-01 | 0 days | 2,061 sqft |
| 2018-09-01 | 0 days | 2,000 sqft |
| 2018-10-01 | 0 days | 1,975 sqft |
| 2018-11-01 | 0 days | 1,960 sqft |
| 2018-12-01 | 0 days | 1,950 sqft |
| 2019-01-01 | 0 days | 1,948 sqft |
| 2019-02-01 | 0 days | 1,948 sqft |
| 2019-03-01 | 0 days | 1,984 sqft |
| 2019-04-01 | 0 days | 2,030 sqft |
| 2019-05-01 | 0 days | 1,994 sqft |
| 2019-06-01 | 0 days | 2,051 sqft |
| 2019-07-01 | 0 days | 2,048 sqft |
| 2019-08-01 | 0 days | 2,087 sqft |
| 2019-09-01 | 0 days | 2,121 sqft |
| 2019-10-01 | 0 days | 2,144 sqft |
| 2019-11-01 | 0 days | 2,036 sqft |
| 2019-12-01 | 0 days | 2,033 sqft |
| 2020-01-01 | 0 days | 2,006 sqft |
| 2020-02-01 | 0 days | 2,012 sqft |
| 2020-03-01 | 0 days | 2,044 sqft |
| 2020-04-01 | 0 days | 2,024 sqft |
| 2020-05-01 | 0 days | 2,077 sqft |
| 2020-06-01 | 0 days | 2,077 sqft |
| 2020-07-01 | 0 days | 2,083 sqft |
| 2020-08-01 | 0 days | 2,050 sqft |
| 2020-09-01 | 0 days | 2,091 sqft |
| 2020-10-01 | 0 days | 2,100 sqft |
| 2020-11-01 | 0 days | 1,996 sqft |
| 2020-12-01 | 0 days | 2,105 sqft |
| 2021-01-01 | 0 days | 2,180 sqft |
| 2021-02-01 | 0 days | 2,138 sqft |
| 2021-03-01 | 0 days | 2,030 sqft |
| 2021-04-01 | 0 days | 2,140 sqft |
| 2021-05-01 | 0 days | 2,111 sqft |
| 2021-06-01 | 0 days | 1,983 sqft |
| 2021-07-01 | 0 days | 1,908 sqft |
| 2021-08-01 | 0 days | 2,005 sqft |
| 2021-09-01 | 0 days | 1,899 sqft |
| 2021-10-01 | 0 days | 1,977 sqft |
| 2021-11-01 | 0 days | 2,000 sqft |
| 2021-12-01 | 0 days | 2,024 sqft |
| 2022-01-01 | 0 days | 1,842 sqft |
| 2022-02-01 | 0 days | 1,776 sqft |
| 2022-03-01 | 0 days | 1,845 sqft |
| 2022-04-01 | 0 days | 1,863 sqft |
| 2022-05-01 | 0 days | 1,869 sqft |
| 2022-06-01 | 0 days | 1,878 sqft |
| 2022-07-01 | 0 days | 1,785 sqft |
| 2022-08-01 | 0 days | 1,777 sqft |
| 2022-09-01 | 0 days | 1,732 sqft |
| 2022-10-01 | 0 days | 1,787 sqft |
| 2022-11-01 | 0 days | 1,929 sqft |
| 2022-12-01 | 0 days | 2,026 sqft |
| 2023-01-01 | 0 days | 1,875 sqft |
| 2023-02-01 | 0 days | 1,966 sqft |
Washington's median square footage for active listings during the 2023-02-01 period was 1,966 sqft. One year prior, the average listing was 1,776 sqft.
Washington, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 619 | $131,965,000 | $213,191 |
| Refi | 556 | $98,980,000 | $178,022 |
| Cash Out Refi | 169 | $32,505,000 | $192,337 |
| Other | 110 | $9,310,000 | $84,636 |
| Home Improvement | 73 | $6,805,000 | $93,219 |
Washington's most frequently cited loan purpose was Home Purchase, with 619 originations. The 2nd most popular reason was Refi, with 556 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 625 | $112,745,000 | $180,392 |
| 3-4% | 573 | $105,525,000 | $184,162 |
| <2.5% | 229 | $48,395,000 | $211,332 |
| 4-5% | 52 | $7,290,000 | $140,192 |
| Over 8% | 21 | $1,815,000 | $86,429 |
| 7-8% | 10 | $1,500,000 | $150,000 |
| 6-7% | 7 | $975,000 | $139,286 |
| 5-6% | 6 | $720,000 | $120,000 |
During 2021, Washington's most frequently originated rate bucket was 2.5-3%, with 625 originations.
Loan Sizing (Washington, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 637 | $92,605,000 | $145,377 |
| $200k-400k | 451 | $123,025,000 | $272,783 |
| $100,000 or less | 357 | $22,085,000 | $61,863 |
| $400k-600k | 71 | $33,535,000 | $472,324 |
| $600k-1000k | 10 | $6,910,000 | $691,000 |
| $Over $1MM | 1 | $1,405,000 | $1,405,000 |
Washington's loan sizing saw the bucket of loans from $100k-200k with 637 originations, totaling $92,605,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 544 | $112,640,000 | $207,059 |
| 60-80% | 486 | $102,910,000 | $211,749 |
| 40-60% | 233 | $37,935,000 | $162,811 |
| 20-40% | 122 | $11,130,000 | $91,230 |
| Under 20% | 86 | $3,500,000 | $40,698 |
| Over 100% | 20 | $4,350,000 | $217,500 |
Washington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 544 originations, totaling $112,640,000 in origination value.