Mortgage Rates in Moses Lake, Washington — March 2026
Updated March 2026 | Based on Moses Lake market data and regional lending conditions
Moses Lake is a growing city in Washington with a population of 25,361. The current 30-year fixed mortgage rate in Moses Lake is 6.83%, which is 0.18% above the national average. With a median home price of $504,000 and a 20% down payment of $100,800, homebuyers can expect a monthly principal and interest payment of approximately $2,637.
Current Mortgage Rates in Moses Lake, WA
Below are the current average mortgage rates available in the Moses Lake 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 | 6.83% | 6.65% | +0.18% |
| 15-Year Fixed | 6.05% | 5.89% | +0.16% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.08% | 6.85% | +0.23% |
Moses Lake Housing Market Overview
The Moses Lake housing market is competitive with prices well above the national median. The median household income in Moses Lake is $73,800, and the cost of living index is 117.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $129,386 to comfortably afford the median-priced home in Moses Lake, which exceeds the current median household income.
Monthly Payment Breakdown for Moses Lake
Based on the median home price of $504,000 with 20% down ($100,800), here is what you can expect to pay monthly in Moses Lake:
15-Year vs. 30-Year Mortgage in Moses Lake
Choosing a 15-year mortgage in Moses Lake at 6.05% instead of a 30-year at 6.83% would save you $334,980 in total interest over the life of the loan. However, your monthly payment would be $3,413 instead of $2,637 — an increase of $776 per month.
Calculate Your Moses Lake 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 Moses Lake
What are the current mortgage rates in Moses Lake, WA?
As of March 2026, the average 30-year fixed mortgage rate in Moses Lake, Washington is 6.83%, while the 15-year fixed rate is 6.05%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.18% above the national average of 6.65%.
How much is a monthly mortgage payment in Moses Lake?
Based on the median home price of $504,000 with 20% down, the estimated monthly mortgage payment in Moses Lake is $2,637 for principal and interest. Including property taxes of $382/month, the total monthly housing cost is approximately $3,019.
What income do I need to buy a home in Moses Lake?
Using the 28% rule, you would need an annual income of approximately $129,386 to afford the median-priced home in Moses Lake at $504,000. The median household income in Moses Lake is $73,800. This means most households would need to either earn above the median or consider homes below $504,000.
Is Moses Lake a good place to buy a home in 2026?
Moses Lake has a moderate cost of living with a cost of living index of 117.8 (national average = 100). The property tax rate in Washington is 0.91%, which is near the national average. Moses Lake has a population of 25,361 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 Moses Lake, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.