What is the average mortgage rate in Washington state in 2026?
Around 7.46% as of October 19, 2026, in line with national average.
Best Mortgage Rates Washington State 2026
Washington state has one of the highest median home prices in the US at $646,100 in 2026. Washington has no state income tax on wages, but does impose a real estate excise tax (REET) on property sales that rises with sale price.
30-year fixed
7.46%
National avg
15-year fixed
6.82%
National avg
5/1 ARM
6.82%
National avg
| Product | Rate (APR) |
|---|---|
| 30-year fixed (national avg) | 7.46% |
| 15-year fixed (national avg) | 6.82% |
| 5/1 ARM (national avg) | 6.82% |
Rates verified Oct 21, 2026
Rates shown are national benchmark averages from the site data file, not live quotes from lenders. Confirm pricing with banks and brokers in Washington. Not financial advice.
Washington at a glance
- Average home price: $646,100
- State income tax: None on wages
- Land transfer tax: Yes (graduated real estate excise tax; standard rate ~1.1%–1.28% for most residential sales)
- Typical monthly payment: $3,600/mo on $646,100 with 20% down, 30-year term, at 7.46% — excludes taxes, insurance, and HOA.
Frequently Asked Questions
Does Washington state have a real estate transfer tax?
Yes — Washington's real estate excise tax is graduated; most residential sales fall in the 1.1%–1.28% range; the rate rises to 3.0% on sales above $3,000,000.
What is the median home price in Washington state in 2026?
$646,100 — among the highest in the US.
Does Washington state have an income tax?
No — Washington does not levy a state income tax on wages or salaries.
Washington mortgage calculator · Educational reference only. Not financial or lending advice.