Compare Today’s Mortgage Rates in Mercer Island, Washington 98040
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Mercer Island, Washington 98040.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Mercer Island, Washington 98040. For a 30-year fixed loan, our calculations show that you can expect to save up to $113,825 over the lifetime of your mortgage, which translates to a monthly savings of $316 in Mercer Island and other areas of King county.
Summary of Average Mortgages in Mercer Island, Washington 98040
Become a certified mortgage expert on Pureloan.com
in Mercer Island, Washington 98040
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Mortgage Rate Projections for Mercer Island, Washington 98040
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Mercer Island, WA 98040. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Mercer Island, Washington 98040 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Mercer Island, Washington and around King county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed mortgage | 95.88% | 96.91% | 97.20% | 96.17% | 95.48% | 95.41% | 94.83% | 94.33% | 92.09% |
avg mortgage rate | 6.41% | 4.57% | 2.98% | 3.28% | 4.30% | 4.64% | 4.21% | 3.94% | 4.12% |
% 15 year fixed mortgage | 3.31% | 2.66% | 2.33% | 3.18% | 3.57% | 3.83% | 4.55% | 5.01% | 7.13% |
avg mortgage rate | 5.67% | 3.57% | 2.30% | 2.82% | 3.62% | 3.86% | 3.43% | 3.07% | 3.24% |
Avg credit score | 758.65 | 761.48 | 761.81 | 765.55 | 762.59 | 761.22 | 757.23 | 755.82 | 759.23 |
Avg LTV (loan to value) | 78.97% | 79.34% | 80.08% | 80.57% | 79.61% | 77.43% | 78.16% | 79.42% | 79.18% |
Avg DTI (debt to income) | 39.80 | 37.87 | 35.59 | 35.87 | 37.52 | 37.78 | 36.17 | 35.80 | 35.35 |
% First time homebuyer | 56.22% | 55.80% | 55.39% | 53.01% | 50.92% | 45.38% | 43.24% | 41.17% | 40.70% |
Avg mortgage insurance % | 12.52% | 11.47% | 10.91% | 11.38% | 11.10% | 8.60% | 8.76% | 9.78% | 9.31% |
Best Mortgage Brokers around Mercer Island, Washington 98040
For those searching for a new home in Mercer Island, we have compiled a list of the top mortgage brokers located in and around Mercer Island, Washington 98040 to assist you with your search.
Countrywide Home Loans
2737 77th Ave SE
Mercer Island WA 98040
(206) 275-3779
http://www.countrywide.com
Countrywide Home Loans
7650 SE 27th St
Mercer Island WA 98040
(206) 275-3779
http://www.countrywide.com
Landover Mortgage
2780 78th Ave SE
Mercer Island WA 98040
(206) 232-5388
Wells Fargo Home Mortgage
7853 SE 27th St
Mercer Island WA 98040
(206) 230-5125
http://www.wellsfargo.com/mortgage/
Response Mortgage
7853 SE 27th St
Mercer Island WA 98040
(206) 230-5151
http://www.responseloans.com
Address
2737 77th Ave SE
Mercer Island WA
Contact
(206) 275-3779
http://www.countrywide.com
Address
7650 SE 27th St
Mercer Island WA
Contact
(206) 275-3779
http://www.countrywide.com
Address
2780 78th Ave SE
Mercer Island WA
Contact
(206) 232-5388