30-Year Fixed Mortgage Rates in ZIP Code 98250

Today's leading benchmark rate for 30-year fixed rates in 98250, Friday Harbor, WA is 6.809% (with an estimated monthly payment of $3,825). Calibrated directly to 98250, Friday Harbor, WA's local housing market, Safe Rate shows up-to-the-minute interest rates and points across Conventional, FHA, VA, and Jumbo loan programs daily.

Mortgage rates for 30-year fixed rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, rates for 30-year fixed rates in 98250, Friday Harbor, WA have hovered between a low of 6.428% and a high of 6.889%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.

Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $964,632 in 98250, Friday Harbor, WA, a standard 20%-down Conventional loan requires an upfront cash down payment of $192,926 but keeps your monthly payment lower at $3,825/mo (at 6.809% interest) with no monthly PMI. In comparison, an FHA loan requires only $33,762 (3.5% down) but has an estimated payment of $4,124/mo (at 5.934% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $930,870 falls comfortably within the local HUD FHA loan limit of $1,109,327 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.

The 2025 conforming conventional loan limit for a 1-unit property in 98250 is $806,501. With a typical local home value of $964,632 in Friday Harbor, a standard 20%-down mortgage requires a loan size of $771,706. Because this is within the $806,501 conforming threshold, buyers can qualify for standard conforming conventional financing with competitive rates.

The median home value in 98250, Friday Harbor, WA is estimated at $964,632. Buying a typical home here with a standard 20% down payment ($192,926) translates to an estimated starting monthly mortgage payment of $3,825 (principal and interest). Compared to the local area median household income of $88,559 ($7,380/mo), this basic housing payment represents approximately 51.8% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.