Compare Today’s Refinance Rates for Federal Way, Washington 98023
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Federal Way, Washington 98023.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $6,517 over the lifetime of your mortgage, which translates to a monthly savings of $18 in Federal Way and other areas of King county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in Federal Way, Washington 98023
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Interactive Refinance Rate Projections for Federal Way, Washington 98023
Pureloan has developed an interactive chart to monitor the five largest local lenders in Federal Way, WA 98023, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.
Historical Refinance Rates in Federal Way, Washington 98023 from 2024 - 2016
The following historical data provides insights into refinancing trends in Federal Way, Washington and the surrounding King county, based on factors such as loan type, credit score, LTV, and other parameters. This data is derived from actual closed home refinancings.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed refinance | 84.21% | 63.48% | 71.68% | 73.13% | 76.59% | 71.42% | 66.71% | 69.98% | 68.14% |
avg refi rate | 6.30% | 3.44% | 2.85% | 3.17% | 4.01% | 4.48% | 4.04% | 3.86% | 4.05% |
% 15 year fixed refinance | 10.53% | 24.08% | 18.84% | 18.26% | 16.15% | 20.67% | 24.60% | 22.13% | 22.08% |
avg refi rate | 5.25% | 2.58% | 2.36% | 2.71% | 3.41% | 3.78% | 3.26% | 3.09% | 3.24% |
Avg credit score | 758.08 | 760.52 | 767.34 | 768.62 | 758.06 | 748.00 | 753.66 | 759.34 | 762.25 |
Avg LTV (loan to value) | 50.26% | 49.34% | 56.67% | 60.83% | 65.18% | 58.38% | 62.45% | 64.87% | 68.05% |
Avg DTI (debt to income) | 35.97 | 34.03 | 31.74 | 31.95 | 34.09 | 35.37 | 34.27 | 32.75 | 32.78 |
Avg refinance insurance % | 0.32% | 0.63% | 0.94% | 1.84% | 3.37% | 0.92% | 1.51% | 1.71% | 2.76% |
Best Refinance Brokers around Federal Way, Washington 98023
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Federal Way, Washington 98023, we have compiled a list of top refinance brokers to assist you in the process.
Meg Sakamoto
Mortgage Loan Officer
33530 1st Way S., Ste. 201
Federal Way, WA 98023
(253) 815-4608
m.sakamoto@alaskausamortgage.com
David Duncan
Mortgage Loan Officer
33530 1st Way S., Ste. 201
Federal Way, WA 98023
(253) 815-4640
d.duncan@alaskausamortgage.com
Alan Esselbach
Mortgage Loan Officer
33530 1st Way S., Ste. 201
Federal Way, WA 98023
(206) 727-4266
a.esselbach@alaskausamortgage.com
Judy Grote
Mortgage Banker
1010 S 336th St. Suite 324
Federal Way, WA 98023
(800) 270-3416
judygrote@leader1.com
John King
Mortgage Banker/NW Production Manager
1010 S 336th St. Suite 324
Federal Way, WA 98023
(800) 270-3416
johnking@leader1.com
Address
33530 1st Way S., Ste. 201
Federal Way, WA
Contact
(253) 815-4608
Fax (301) 639-0804
m.sakamoto@alaskausamortgage.com
Address
33530 1st Way S., Ste. 201
Federal Way, WA
Contact
(253) 815-4640
Fax (301) 639-0804
d.duncan@alaskausamortgage.com
Address
33530 1st Way S., Ste. 201
Federal Way, WA
Contact
(206) 727-4266
Fax (301) 639-0804
a.esselbach@alaskausamortgage.com