Mortgage Rates in Seattle, Washington — March 2026
Updated March 2026 | Based on Seattle market data and regional lending conditions
Seattle is a major metropolitan area in Washington with a population of 737,015. The current 30-year fixed mortgage rate in Seattle is 6.57%, which is 0.08% below the national average. With a median home price of $825,000 and a 20% down payment of $165,000, homebuyers can expect a monthly principal and interest payment of approximately $4,202.
Current Mortgage Rates in Seattle, WA
Below are the current average mortgage rates available in the Seattle area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.57% | 6.65% | -0.08% |
| 15-Year Fixed | 5.81% | 5.89% | -0.08% |
| 5/1 ARM | 6.07% | 6.15% | -0.08% |
| FHA | 6.17% | 6.25% | -0.08% |
| VA | 5.97% | 6.05% | -0.08% |
| Jumbo | 6.77% | 6.85% | -0.08% |
Seattle Housing Market Overview
The Seattle housing market is competitive with prices well above the national median. The median household income in Seattle is $97,185, and the cost of living index is 149.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $207,471 to comfortably afford the median-priced home in Seattle, which exceeds the current median household income.
Monthly Payment Breakdown for Seattle
Based on the median home price of $825,000 with 20% down ($165,000), here is what you can expect to pay monthly in Seattle:
15-Year vs. 30-Year Mortgage in Seattle
Choosing a 15-year mortgage in Seattle at 5.81% instead of a 30-year at 6.57% would save you $522,360 in total interest over the life of the loan. However, your monthly payment would be $5,502 instead of $4,202 — an increase of $1,300 per month.
Calculate Your Seattle Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Seattle
What are the current mortgage rates in Seattle, WA?
As of March 2026, the average 30-year fixed mortgage rate in Seattle, Washington is 6.57%, while the 15-year fixed rate is 5.81%. FHA loans average 6.17% and VA loans 5.97%. These rates are 0.08% below the national average of 6.65%.
How much is a monthly mortgage payment in Seattle?
Based on the median home price of $825,000 with 20% down, the estimated monthly mortgage payment in Seattle is $4,202 for principal and interest. Including property taxes of $639/month, the total monthly housing cost is approximately $4,841.
What income do I need to buy a home in Seattle?
Using the 28% rule, you would need an annual income of approximately $207,471 to afford the median-priced home in Seattle at $825,000. The median household income in Seattle is $97,185. This means most households would need to either earn above the median or consider homes below $825,000.
Is Seattle a good place to buy a home in 2026?
Seattle has a higher cost of living than average with a cost of living index of 149.1 (national average = 100). The property tax rate in Washington is 0.93%, which is near the national average. As a major city with 737,015 residents, Seattle offers diverse employment opportunities and amenities.
Mortgage Rates in Other Washington Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Seattle, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.