Kitsap Mortgage Rates, Week of Nov 5: 7.18%
Freddie Mac's 30-year fixed average was 7.18% for the week of November 5, 2026, down from 7.24% the week before and up from 6.22% a year earlier (November 6, 2025). The 15-year fixed was 6.57%, down from 6.6%. On Kitsap County's NWMLS October median sale price of $599,889, with 20% down, principal and interest at 7.18% comes to about $3,251 a month by my arithmetic. That's $20 less than at last week's rate and $305 more than at last year's. On Pierce County's $572,000 October median, it's about $3,100.
That's three straight weeks of easing, from 7.40% in mid-October to 7.18%. It's also the first rate post I've run on the new October NWMLS medians, which landed in my market data on November 6. Kitsap's median went up a little from September's $595,000 and Pierce's came down from $580,000, so the payment picture shifted on both sides of the Narrows. Here's what this week's Freddie Mac number does to a typical Kitsap or Pierce payment, and what I'd do with it as a buyer or a seller.
Key Takeaways
- The 30-year fixed averaged 7.18% this week. That's down 0.06 points from 7.24% on October 29 and up 0.96 points from 6.22% on November 6, 2025, per Freddie Mac.
- Three weeks of easing after the peak. The 30-year average was 7.40% on October 8 and October 15, then 7.32%, 7.24% and now 7.18%.
- A Kitsap median home costs about $3,251 a month in principal and interest. That's my arithmetic on the $599,889 NWMLS October median, 20% down, 30-year fixed at 7.18%.
- Pierce comes in about $151 a month lower. On the $572,000 Pierce median, the same terms work out to about $3,100.
- A rate buydown still moves the payment more than a price cut. A full point off the rate saves about $318 a month on the Kitsap loan, and Kitsap price cuts are running above last year.
This Week's Freddie Mac Numbers
Freddie Mac's Primary Mortgage Market Survey is the weekly national average for a conventional, conforming loan with 20% down and strong credit. Your quote will differ, but this is the benchmark lenders and the news use.
| Freddie Mac PMMS | 30-year fixed | 15-year fixed |
|---|---|---|
| Week of November 5, 2026 | 7.18% | 6.57% |
| Week of October 29, 2026 | 7.24% | 6.6% |
| Week of November 6, 2025 | 6.22% | 5.5% |
Week over week
The 30-year average fell 0.06 points and the 15-year fell 0.03 points. That's a smaller move than the two 0.08-point drops before it. The direction held, the pace slowed.
Year over year
Against the same week in 2025, the 30-year average is up 0.96 points and the 15-year is up 1.07 points. That gap narrowed a little this week, but it's still the number buyers feel most.
Twelve Weeks of the 30-Year Rate
Rates sat in a tight band in August, climbed hard through September, peaked at 7.40% in early October, and have eased three weeks running.
Source: Freddie Mac Primary Mortgage Market Survey, weeks of August 20 through November 5, 2026.
See the numbers
| Item | Value |
|---|---|
| Aug 20 | 6.65% |
| Aug 27 | 6.66% |
| Sep 3 | 6.71% |
| Sep 10 | 6.76% |
| Sep 17 | 6.95% |
| Sep 24 | 7.03% |
| Oct 1 | 7.28% |
| Oct 8 | 7.40% |
| Oct 15 | 7.40% |
| Oct 22 | 7.32% |
| Oct 29 | 7.24% |
| Nov 5 | 7.18% |
Where the easing has taken us
At 7.18%, the 30-year average is below the 7.28% of October 1 and closer to the 7.03% of September 24. It's still well above the 6.65% to 6.76% range of late August and early September.
How I read three weeks
Three small drops in a row is a better sign than one. It isn't a trend yet. I'd want to see the rate hold under 7.25% for a few more weeks before telling anyone to plan around it.
What 7.18% Means for a Kitsap Payment
To make the rate real, I run it against Kitsap County's NWMLS median sale price for October 2026, which was $599,889. NWMLS also reported that median as down 0.9% from a year earlier. Information and statistics compiled and reported by the Northwest Multiple Listing Service. The payment math below is mine.
The assumptions
20% down (about $119,978), a $479,911 loan, 30-year fixed, principal and interest only. Property taxes, insurance and any HOA come on top, and they vary a lot by town. My income needed to buy in Washington post shows the full housing payment with those added.
The payment at three rates
| Kitsap, $479,911 loan, 30-year fixed | Rate | Monthly principal and interest |
|---|---|---|
| This week (November 5, 2026) | 7.18% | $3,251 |
| Last week (October 29, 2026) | 7.24% | $3,271 |
| A year ago (November 6, 2025) | 6.22% | $2,946 |
That's $20 a month less than last week's rate and $305 a month more than a year ago. Against the 7.40% peak, about $3,323 on this loan, this week's rate saves about $72 a month.
Source: My arithmetic. NWMLS Local Market Update, Residential, October 2026 (Kitsap median $599,889). Freddie Mac PMMS 30-year averages for November 5, 2026, October 29, 2026 and November 6, 2025.
See the numbers
| Item | Value |
|---|---|
| A year ago, 6.22% | $2,946 |
| This week, 7.18% | $3,251 |
| Last week, 7.24% | $3,271 |
What It Means for a Pierce Payment
Pierce County's NWMLS median sale price for October 2026 was $572,000, which NWMLS reported as up 0.6% from a year earlier. With 20% down, that's a $457,600 loan.
The payment at three rates
| Pierce, $457,600 loan, 30-year fixed | Rate | Monthly principal and interest |
|---|---|---|
| This week (November 5, 2026) | 7.18% | $3,100 |
| Last week (October 29, 2026) | 7.24% | $3,119 |
| A year ago (November 6, 2025) | 6.22% | $2,809 |
That's $19 less than last week's rate and $291 more than a year ago. If you're weighing Gig Harbor against Kitsap, the Gig Harbor page has the NWMLS area figures for that side of the water.
The 15-year option
At the 15-year average of 6.57%, the payment on the same loans comes to about $4,199 in Kitsap and $4,004 in Pierce. It's a much bigger monthly check that builds equity far faster. It fits buyers with strong income who want the house paid off, not buyers stretching to get in.
Why a Rate Buydown Beats a Price Cut
This is still the conversation I have most with clients, because the math keeps surprising people.
A point off the rate
On the Kitsap loan, dropping the rate one full point, from 7.18% to 6.18%, takes principal and interest from about $3,251 to $2,933. That's about $318 a month. A quarter point, to 6.93%, is worth about $81 a month. A lender quote will show you what a buydown costs at closing.
Sellers are already giving money away
Realtor.com Economic Research counted 320 price-reduced listings in Kitsap County in October 2026, up 8.84% from October 2025, with active listings up 25.99% to 795. I broke those numbers down in my Kitsap housing inventory report for October 2026. When a seller is going to give up money anyway, a credit aimed at the buyer's rate usually does more for the monthly payment than the same dollars off the price.
What This Means If You're Selling
Rates above 7% shrink the pool of buyers who can afford a median-priced home, and the buyers who are left are running this math too.
Price for the payment
A buyer at 7.18% feels every $10,000 of price. Start at a number the recent sales support. My guide to pricing your Kitsap home in 2026 shows how I set it, and my sellers have averaged 99.18% of list price.
Offer the credit before you cut
If your home has been on the market a few weeks, consider a rate buydown credit before a price reduction. You get to market a lower payment, and your price stays intact for the appraisal. If the listing has already stalled, read why Kitsap homes sit even when they sell near list.
What This Means If You're Buying
You can't control the rate. You can control how much of it you lock and how you negotiate around it.
Shop lenders, then shop the credit
Freddie Mac's average is a benchmark, not your quote. Get at least three Loan Estimates on the same day, as I lay out in comparing mortgage rates from local lenders. Then ask the seller for a credit that buys the rate down. My buyers have averaged 95.48% of list price, and more of that room is coming through credits.
Re-run your budget
If you were preapproved in late summer, your numbers moved up and are now drifting back down. Re-run them at today's rate. If you're stretching, Washington's first-time buyer programs and my look at what Kitsap budgets buy are good next reads. Last week's numbers are in my October 29 rate update.
What Is the Current 30-Year Mortgage Rate in Washington?
Freddie Mac's Primary Mortgage Market Survey put the national 30-year fixed average at 7.18% for the week of November 5, 2026, with the 15-year fixed at 6.57%. Freddie Mac publishes a national average, so Washington lenders quote around it based on credit, down payment and loan type.
How Much Is a Mortgage Payment on a Kitsap County Home?
On Kitsap County's NWMLS October 2026 median sale price of $599,889, with 20% down and a 30-year fixed rate of 7.18%, principal and interest is about $3,251 a month by my arithmetic. Taxes, insurance and any HOA dues are added on top.
Are Mortgage Rates Going Down in November 2026?
They've eased for three weeks. Freddie Mac's 30-year average went from 7.40% on October 15, 2026 to 7.32% on October 22, 7.24% on October 29 and 7.18% on November 5. That's still 0.96 points above the 6.22% average of a year earlier, so it's too early to call a lasting drop.
Final Thoughts
This week's 7.18% is a little better than last week and still a lot worse than last year. On a Kitsap median home, that's $20 a month of relief against $305 a month of extra cost compared to a year ago. Three weeks of easing helps buyers who were sitting right at the edge of qualifying. It won't flood the market with buyers. With inventory up and price cuts running above last year, the best tool on either side of the table is still a rate buydown credit. Run the payment, not just the price.
Run your own numbers with me
I'll run the payment on a specific home or your price range, and show what a credit is worth against a price cut. Get in touch here, or call (360) 777-7212.
Selling? Get a real valuation on your home. Buying? Search homes for sale.
Sources: Freddie Mac Primary Mortgage Market Survey, 30-year and 15-year fixed averages for the weeks of August 20 through November 5, 2026 and November 6, 2025. NWMLS Local Market Update, Residential, October 2026 (Kitsap County and Pierce County median sale prices and year-over-year changes); information and statistics compiled and reported by the Northwest Multiple Listing Service. Realtor.com Economic Research, county inventory, October 2026. Monthly payments are my arithmetic: 20% down, 30-year or 15-year fixed, principal and interest only. This article is not financial advice; confirm rates and terms with a licensed lender.