Best Seattle Mortgage Rates: 15-Year Fixed

It’s easy to understand why someone would choose a fixed rate mortgage; these loans offer fairly low interest rates and monthly payments that are stable and reliable. However, you can still spend more on a home than you need to with a fixed rate mortgage and the solution to this problem is choosing a shorter term length.

A shorter loan will ensure you pay less interest over time, thus decreasing the total cost of your home purchase. For instance, 15-year fixed rate mortgages offer most of the same benefits of a 30-year loan, but cut the term length in half. Below are the best Seattle mortgage rates for this type of loan:

Best 15-Year Fixed Mortgage Rates in Seattle, WA

• Habitat Financial: 3.668% APR
• Americash: 3.671% APR
• The Money Store: 3.674% APR
• Cascade: 3.703% APR
• Pacific: 3.715% APR

Please note that these rates are based on a principal loan amount of $300,000 and are accurate as of 5/11/11, but are subject to change at any time. You may be offered a different rate based on your individual credit profile. Contact individual lenders to verify rates before applying for a loan.