Mortgage Rates in Des Moines, Washington — March 2026
Updated March 2026 | Based on Des Moines market data and regional lending conditions
Des Moines is a growing city in Washington with a population of 32,888. The current 30-year fixed mortgage rate in Des Moines is 6.65%, which is at the national average. With a median home price of $526,000 and a 20% down payment of $105,200, homebuyers can expect a monthly principal and interest payment of approximately $2,701.
Current Mortgage Rates in Des Moines, WA
Below are the current average mortgage rates available in the Des Moines 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 | 6.65% | 6.65% | 0% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Des Moines Housing Market Overview
The Des Moines housing market is competitive with prices well above the national median. The median household income in Des Moines is $75,800, and the cost of living index is 104.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $134,186 to comfortably afford the median-priced home in Des Moines, which exceeds the current median household income.
Monthly Payment Breakdown for Des Moines
Based on the median home price of $526,000 with 20% down ($105,200), here is what you can expect to pay monthly in Des Moines:
15-Year vs. 30-Year Mortgage in Des Moines
Choosing a 15-year mortgage in Des Moines at 5.91% instead of a 30-year at 6.65% would save you $336,780 in total interest over the life of the loan. However, your monthly payment would be $3,531 instead of $2,701 — an increase of $830 per month.
Calculate Your Des Moines 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 Des Moines
What are the current mortgage rates in Des Moines, WA?
As of March 2026, the average 30-year fixed mortgage rate in Des Moines, Washington is 6.65%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are at the national average of 6.65%.
How much is a monthly mortgage payment in Des Moines?
Based on the median home price of $526,000 with 20% down, the estimated monthly mortgage payment in Des Moines is $2,701 for principal and interest. Including property taxes of $430/month, the total monthly housing cost is approximately $3,131.
What income do I need to buy a home in Des Moines?
Using the 28% rule, you would need an annual income of approximately $134,186 to afford the median-priced home in Des Moines at $526,000. The median household income in Des Moines is $75,800. This means most households would need to either earn above the median or consider homes below $526,000.
Is Des Moines a good place to buy a home in 2026?
Des Moines has a moderate cost of living with a cost of living index of 104.9 (national average = 100). The property tax rate in Washington is 0.98%, which is near the national average. Des Moines has a population of 32,888 and offers a balanced lifestyle.
Mortgage Rates in Other Washington Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Des Moines, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.