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Questions and Answers
What is the average interest rate for a 30-year fixed-rate mortgage in Washington State as of 2021?
What is the average interest rate for a 30-year fixed-rate mortgage in Washington State as of 2021?
- 2.5%
- 5.5%
- 4.5%
- 3.5% (correct)
What is the minimum credit score required to qualify for a conventional home loan in Washington State?
What is the minimum credit score required to qualify for a conventional home loan in Washington State?
- 620 (correct)
- 580
- 500
- 700
What is a jumbo mortgage in Washington State?
What is a jumbo mortgage in Washington State?
- A mortgage for a luxury home (correct)
- A mortgage with a high interest rate
- A mortgage for a mobile home
- A mortgage for a first-time homebuyer
