Washington Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Washington averaged
6.25%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
5.97% and
one month ago for the week of 2023-04-20, the
average rate was 5.77%.
Washington's average rate one year ago was 4.93%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.35%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Washington 30 Year Fixed Rate | 2023-05-25 | 6.25% |
| Washington 30 Year Fixed Rate Refi | 2023-05-25 | 5.35% |
| Washington 15 Year Fixed Rate | 2023-05-25 | 5.44% |
| Washington 15 Year Fixed Rate Refi | 2023-05-25 | 4.71% |
| Washington 30 Year FHA | 2023-05-25 | 6.47% |
| Washington 30 Year FHA Refi | 2023-05-25 | 4.62% |
| Washington 30 Year USDA | 2023-05-25 | 5.74% |
| Washington 30 Year USDA Refi | 2023-05-25 | 6.83% |
| Washington 30 Year VA | 2023-05-25 | 5.75% |
| Washington 30 Year VA Refi | 2023-05-25 | 3.84% |
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 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's 565 lenders originated 235,688
loans during 2022. The total origination value was $163,076,670,000, with an average loan value of
$691,918.
Washington's average closing costs are $5,945.
The top Washington lender as defined by loan originations is QUICKEN LOANS, LLC, with
6,639 loans originated. Their average total fees are
$7,799, which is $973
higher than the next largest lender,
CALIBER HOME LOANS, INC..
The lowest fee Washington lenders (with over 10 loans originated) are
Discover Bank ($0), CHERRY CREEK MORTGAGE, LLC ($1,722), Third Federal Savings and Loan Association of Cleveland ($1,753), People's Community Federal Credit Union ($2,071) and HOMEAMERICAN MORTGAGE CORPORATION ($2,313).
The lowest rate Washington lenders (with over 10 loans originated) are
Third Federal Savings and Loan Association of Cleveland (2.99%), Silicon Valley Bank (3.11%), STEARNS LENDING, LLC (3.17%), Florida Capital Bank (3.38%) and Toyota Financial Savings Bank (3.39%).
Washington 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 |
|---|---|---|---|---|
| VERITY | $138,560,000 | $61,851,695,000 | 44,538.9% | 37.9% |
| Boeing Employees Credit Union | $5,165,280,000 | $4,674,210,000 | -9.5% | 2.9% |
| CALIBER HOME LOANS, INC. | $12,033,170,000 | $4,174,765,000 | -65.3% | 2.6% |
| QUICKEN LOANS, LLC | $11,753,535,000 | $3,779,915,000 | -67.8% | 2.3% |
| KeyBank | $4,924,685,000 | $3,766,230,000 | -23.5% | 2.3% |
| Wells Fargo Bank | $5,976,380,000 | $3,429,675,000 | -42.6% | 2.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,326,045,000 | $3,257,000,000 | -48.5% | 2.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,118,785,000 | $3,152,180,000 | -55.7% | 1.9% |
| Umpqua Bank | $4,058,215,000 | $2,796,945,000 | -31.1% | 1.7% |
| JPMorgan Chase Bank | $4,832,955,000 | $2,529,165,000 | -47.7% | 1.6% |
| U.S. Bank | $3,724,810,000 | $2,373,775,000 | -36.3% | 1.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,425,930,000 | $2,195,915,000 | -9.5% | 1.3% |
| GUILD MORTGAGE COMPANY | $4,898,945,000 | $1,980,930,000 | -59.6% | 1.2% |
| Bank of America | $3,115,640,000 | $1,882,995,000 | -39.6% | 1.2% |
| LOANDEPOT.COM, LLC | $6,771,840,000 | $1,800,700,000 | -73.4% | 1.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $3,383,545,000 | $1,726,625,000 | -49.0% | 1.1% |
| PNC Bank | $1,634,520,000 | $1,704,315,000 | 4.3% | 1.0% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $3,001,970,000 | $1,484,010,000 | -50.6% | 0.9% |
| ACADEMY MORTGAGE CORPORATION | $2,634,930,000 | $1,414,940,000 | -46.3% | 0.9% |
| HomeStreet Bank | $2,275,940,000 | $1,275,760,000 | -43.9% | 0.8% |
| FIRST TECHNOLOGY | $1,602,920,000 | $1,192,380,000 | -25.6% | 0.7% |
| MOVEMENT MORTGAGE, LLC | $2,249,615,000 | $1,058,000,000 | -53.0% | 0.6% |
| Banner Bank | $1,354,650,000 | $999,275,000 | -26.2% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,995,325,000 | $966,775,000 | -51.5% | 0.6% |
| Washington Federal Bank | $961,345,000 | $953,315,000 | -0.8% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $2,946,085,000 | $846,735,000 | -71.3% | 0.5% |
| CORNERSTONE HOME LENDING, INC. | $1,811,135,000 | $845,375,000 | -53.3% | 0.5% |
| First Republic Bank | $277,670,000 | $827,410,000 | 198.0% | 0.5% |
| FINANCE OF AMERICA MORTGAGE LLC | $2,291,630,000 | $803,515,000 | -64.9% | 0.5% |
| 1st Security Bank of Washington | $1,529,330,000 | $770,620,000 | -49.6% | 0.5% |
| Flagstar Bank, FSB | $1,736,515,000 | $758,675,000 | -56.3% | 0.5% |
| MUFG Union Bank | $632,510,000 | $758,490,000 | 19.9% | 0.5% |
| Mortgage Research Center, LLC | $1,173,550,000 | $715,630,000 | -39.0% | 0.4% |
| SPOKANE TEACHERS | $879,055,000 | $699,650,000 | -20.4% | 0.4% |
| WALKER & DUNLOP, LLC | $563,045,000 | $697,380,000 | 23.9% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $931,760,000 | $669,300,000 | -28.2% | 0.4% |
| BROKER SOLUTIONS, INC. | $1,350,775,000 | $661,000,000 | -51.1% | 0.4% |
| Citibank | $698,155,000 | $656,505,000 | -6.0% | 0.4% |
| Washington Trust Bank | $696,125,000 | $623,525,000 | -10.4% | 0.4% |
| BAY EQUITY LLC | $826,785,000 | $606,990,000 | -26.6% | 0.4% |
| GESA | $651,440,000 | $595,275,000 | -8.6% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $2,882,085,000 | $553,545,000 | -80.8% | 0.3% |
| WASHINGTON STATE EMPLOYEES Credit Union | $828,935,000 | $547,740,000 | -33.9% | 0.3% |
| GUARANTEED RATE, INC. | $1,178,700,000 | $526,795,000 | -55.3% | 0.3% |
| HOME POINT FINANCIAL CORPORATION | $2,390,675,000 | $514,920,000 | -78.5% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,313,300,000 | $512,875,000 | -60.9% | 0.3% |
| Morgan Stanley Private Bank | $463,890,000 | $511,380,000 | 10.2% | 0.3% |
| NUMERICA CREDIT UNION | $576,345,000 | $487,685,000 | -15.4% | 0.3% |
| DHI MORTGAGE COMPANY, LTD. | $592,025,000 | $466,930,000 | -21.1% | 0.3% |
| CMG MORTGAGE, INC. | $629,575,000 | $463,260,000 | -26.4% | 0.3% |
| NFM, INC. | $638,725,000 | $444,090,000 | -30.5% | 0.3% |
| Peoples Bank | $5,120,000 | $441,260,000 | 8,518.4% | 0.3% |
| BERKADIA COMMERCIAL MORTGAGE LLC | $300,755,000 | $425,110,000 | 41.3% | 0.3% |
| EAGLE HOME MORTGAGE, LLC | $413,270,000 | $416,115,000 | 0.7% | 0.3% |
| BETTER MORTGAGE CORPORATION | $3,345,640,000 | $406,355,000 | -87.9% | 0.2% |
| Metropolitan Life Insurance Co | $404,135,000 | n/a | 0.2% | |
| Columbia State Bank | $417,795,000 | $403,695,000 | -3.4% | 0.2% |
| East West Bank | $274,270,000 | $397,150,000 | 44.8% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,241,150,000 | $386,720,000 | -68.8% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,415,450,000 | $373,345,000 | -73.6% | 0.2% |
| First Federal Savings and Loan Association of Port Angeles | $483,220,000 | $364,720,000 | -24.5% | 0.2% |
| Hometown Lenders, Inc. | $407,710,000 | $336,900,000 | -17.4% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $599,255,000 | $335,880,000 | -44.0% | 0.2% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $551,765,000 | $332,440,000 | -39.7% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $690,540,000 | $325,500,000 | -52.9% | 0.2% |
| AXIA FINANCIAL, LLC | $638,790,000 | $310,520,000 | -51.4% | 0.2% |
| Heritage Bank | $1,290,000 | $303,490,000 | 23,426.4% | 0.2% |
| Alaska USA Mortgage Company LLC | $501,860,000 | $301,135,000 | -40.0% | 0.2% |
| Charles Schwab Bank, SSB | $521,160,000 | $298,040,000 | -42.8% | 0.2% |
| PENRITH HOME LOANS LLC | $646,635,000 | $273,650,000 | -57.7% | 0.2% |
| EVERETT FINANCIAL, INC. | $89,075,000 | $273,135,000 | 206.6% | 0.2% |
| iQ Credit Union | $363,355,000 | $271,685,000 | -25.2% | 0.2% |
| WHATCOM EDUCATIONAL CREDIT UNION | $451,465,000 | $263,620,000 | -41.6% | 0.2% |
| Luther Burbank Savings | $157,760,000 | $252,810,000 | 60.2% | 0.2% |
| Sunflower Bank | $291,305,000 | $252,795,000 | -13.2% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $657,550,000 | $249,010,000 | -62.1% | 0.2% |
| First Interstate Bank | $207,840,000 | $247,530,000 | 19.1% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $395,980,000 | $246,875,000 | -37.7% | 0.2% |
| NexBank | $136,910,000 | $246,325,000 | 79.9% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $259,810,000 | $238,295,000 | -8.3% | 0.1% |
| SOUND | $409,675,000 | $236,525,000 | -42.3% | 0.1% |
| Timberland Bank | $263,185,000 | $232,890,000 | -11.5% | 0.1% |
| DIRECTORS MORTGAGE, INC. | $435,645,000 | $228,190,000 | -47.6% | 0.1% |
| ENVOY MORTGAGE, LTD | $369,540,000 | $226,875,000 | -38.6% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $881,555,000 | $226,020,000 | -74.4% | 0.1% |
| SUMMIT FUNDING, INC. | $525,170,000 | $223,765,000 | -57.4% | 0.1% |
| NEWREZ LLC | $1,293,940,000 | $214,685,000 | -83.4% | 0.1% |
| COLUMBIA COMMUNITY CREDIT UNION | $350,370,000 | $213,290,000 | -39.1% | 0.1% |
| NBKC BANK | $517,250,000 | $201,980,000 | -61.0% | 0.1% |
| MANN FINANCIAL INC. | $429,745,000 | $200,995,000 | -53.2% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $183,130,000 | $199,705,000 | 9.1% | 0.1% |
| O BEE | $96,885,000 | $195,545,000 | 101.8% | 0.1% |
| First-Citizens Bank & Trust Company | $22,795,000 | $195,450,000 | 757.4% | 0.1% |
| Alaska USA Federal Credit Union | $716,030,000 | $195,275,000 | -72.7% | 0.1% |
| PRIORITY HOME LENDING, LLC | $348,410,000 | $193,520,000 | -44.5% | 0.1% |
| SAMMAMISH MORTGAGE COMPANY | $415,510,000 | $192,260,000 | -53.7% | 0.1% |
| Glacier Bank | $202,685,000 | $188,465,000 | -7.0% | 0.1% |
| The Federal Savings Bank | $475,500,000 | $188,130,000 | -60.4% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $333,315,000 | $188,125,000 | -43.6% | 0.1% |
| CBRE MULTIFAMILY CAPITAL, INC. | $208,590,000 | $188,065,000 | -9.8% | 0.1% |
| UBS Bank USA | $205,325,000 | $184,660,000 | -10.1% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $70,515,000 | $171,600,000 | 143.4% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $590,150,000 | $171,060,000 | -71.0% | 0.1% |
| RAIN CITY CAPITAL, LLC | $139,980,000 | $168,280,000 | 20.2% | 0.1% |
| Sound Community Bank | $235,810,000 | $167,085,000 | -29.1% | 0.1% |
| Olympia Federal Savings & Loan Association | $165,985,000 | $165,600,000 | -0.2% | 0.1% |
| BERKELEY POINT CAPITAL LLC | $188,475,000 | $165,245,000 | -12.3% | 0.1% |
| Pacific Premier Bank | $162,475,000 | $163,105,000 | 0.4% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $457,770,000 | $162,510,000 | -64.5% | 0.1% |
| HOMEAMERICAN MORTGAGE CORPORATION | $166,715,000 | $159,430,000 | -4.4% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $565,960,000 | $157,485,000 | -72.2% | 0.1% |
| The Northwestern Mutual Life Insurance Company | $156,885,000 | n/a | 0.1% | |
| CIVIC FINANCIAL SERVICES, LLC | $97,830,000 | $155,970,000 | 59.4% | 0.1% |
| AMERICAN ADVISORS GROUP | $193,595,000 | $155,055,000 | -19.9% | 0.1% |
| USAA Federal Savings Bank | $292,550,000 | $154,795,000 | -47.1% | 0.1% |
| OnPoint Community Credit Union | $230,195,000 | $150,680,000 | -34.5% | 0.1% |
| KITSAP Credit Union | $161,635,000 | $144,385,000 | -10.7% | 0.1% |
| The Huntington National Bank | $15,330,000 | $141,715,000 | 824.4% | 0.1% |
| Northpointe Bank | $196,475,000 | $140,085,000 | -28.7% | 0.1% |
| Truist | $146,285,000 | $138,245,000 | -5.5% | 0.1% |
| Yakima Federal Savings and Loan Association | $154,355,000 | $137,645,000 | -10.8% | 0.1% |
| TWINSTAR | $228,625,000 | $135,805,000 | -40.6% | 0.1% |
| PGIM Real Estate Finance, LLC | $133,360,000 | n/a | 0.1% | |
| GREYSTONE SERVICING COMPANY LLC | $332,870,000 | $132,005,000 | -60.3% | 0.1% |
| ON Q FINANCIAL, INC. | $245,770,000 | $129,300,000 | -47.4% | 0.1% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $236,300,000 | $123,935,000 | -47.6% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $318,915,000 | $123,760,000 | -61.2% | 0.1% |
| Solarity Credit Union | $227,095,000 | $122,805,000 | -45.9% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $315,085,000 | $122,600,000 | -61.1% | 0.1% |
| TRISTAR FINANCE, INC. | $312,355,000 | $121,995,000 | -60.9% | 0.1% |
| First Financial Northwest Bank | $111,980,000 | $121,895,000 | 8.9% | 0.1% |
| FIBRE FEDERAL CREDIT UNION | $131,345,000 |