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News for: The Seattle Times
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Oct 7, 2026 6:00 AM
— Mortgage Lending
Why Seattle homebuyers are acting ‘very conservatively’
Seattle-area homebuyers are increasingly making larger down payments, averaging nearly 20% in August, up from 16% five years earlier. This trend reflects a willingness to mitigate the impact of rising mortgage rates, which averaged 6.9% in September and peaked at 7.3%. While home prices in the region have cooled slightly, a median home in King County still costs around $950,000. Many buyers are ei... more
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The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 800 lenders. LoanGlass does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@loanglass.com.
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.
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