Mortgage Rates by State 2026
Compare current mortgage rates across all 50 US states. Find the best rates, local housing programs, and market data for your state.
Lowest 30-Year Rate
Highest 30-Year Rate
Avg. Home Price
Browse Mortgage Rates by State
Alabama
6.85%Alaska
7.05%Arizona
6.75%Arkansas
6.95%California
6.65%Colorado
6.70%Connecticut
6.80%Delaware
6.75%Florida
6.70%Georgia
6.80%Hawaii
6.90%Idaho
6.75%Illinois
6.85%Indiana
6.90%Iowa
6.95%Kansas
6.90%Kentucky
6.95%Louisiana
6.90%Maine
6.85%Maryland
6.75%Massachusetts
6.70%Michigan
6.85%Minnesota
6.80%Mississippi
7.00%Missouri
6.90%Montana
6.85%Nebraska
6.90%Nevada
6.75%New Hampshire
6.80%New Jersey
6.75%New Mexico
6.85%New York
6.70%North Carolina
6.80%North Dakota
6.95%Ohio
6.90%Oklahoma
6.95%Oregon
6.70%Pennsylvania
6.85%Rhode Island
6.80%South Carolina
6.85%South Dakota
6.90%Tennessee
6.80%Texas
6.75%Utah
6.70%Vermont
6.85%Virginia
6.75%Washington
6.65%West Virginia
7.00%Wisconsin
6.85%Wyoming
6.90%2026 Mortgage Rate Market Overview
Mortgage rates vary significantly across states due to local market conditions, state-specific lending programs, and regional economic factors. As of May 2026, 30-year fixed mortgage rates range from 6.65% to 7.05% across all 50 states.
Factors Affecting State Mortgage Rates
- Local Housing Demand: High-demand markets like California and New York often see more competitive rates due to lender competition
- State Housing Programs: Many states offer below-market rates for qualified first-time buyers through housing finance agencies
- Regional Economic Conditions: States with strong job growth and stable economies typically attract more lenders
- Property Tax Rates: High property tax states may see lenders adjust rates to maintain competitive total monthly payments
Best States for First-Time Homebuyers
States with the most favorable conditions for first-time buyers typically combine moderate home prices, reasonable property taxes, and strong first-time buyer programs. Consider both the mortgage rate and total cost of homeownership when evaluating states.
State Mortgage Rate FAQ
Why do mortgage rates vary by state?
Mortgage rates vary by state due to local market conditions, competition among lenders, state housing programs, regulatory environment, and regional economic factors. States with more lenders and higher competition typically offer better rates.
Which states have the lowest mortgage rates in 2026?
Currently, states with the most competitive mortgage markets tend to offer the lowest rates. The lowest 30-year fixed rates are around 6.65%, while the highest are around 7.05%.
Do state first-time homebuyer programs offer better rates?
Yes, many state housing finance agencies offer below-market mortgage rates for qualified first-time buyers. These programs often provide rates 0.25% to 0.75% below conventional market rates, plus down payment assistance.
Should I consider moving to a state with lower mortgage rates?
While mortgage rates are important, consider the total cost of homeownership including property taxes, home prices, insurance costs, and local economic opportunities. A slightly higher rate in a lower-cost state might result in lower total housing costs.
How do I find the best mortgage rate in my state?
Shop with multiple lenders including local banks, credit unions, online lenders, and mortgage brokers. Check if your state housing finance agency offers programs you qualify for. Get quotes from at least 3-5 lenders to compare rates and terms.
Do rural vs. urban areas within states have different rates?
Yes, rural areas may have different rates due to fewer lenders, different risk assessments, and USDA Rural Development loan programs. Urban areas typically have more lender competition, which can lead to better rates.
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