Washington State Mortgage and Interest Rates Quiz
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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?

  • 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?

  • 620 (correct)
  • 580
  • 500
  • 700

    • 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

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