Today’s average 30-year mortgage rate in each state

While mortgage rates generally move in the same direction nationwide, some states’ averages are slightly higher or lower than others. The states with the lowest 30-year fixed mortgage interest rates are currently Kentucky, New York, North Carolina, Louisiana, California and New Jersey, ranging from 6.36% to 6.41%.

At the other end of the spectrum, the five states with the highest rates today are Hawaii, Nevada, Massachusetts, Utah, and New Mexico, all between 6.57% and 6.60%.

Mortgage rates vary slightly from state to state based on factors such as competition among lenders, borrower credit profiles, average loan size, and local regulations. Mortgage lenders also manage risk differently across markets, which can push the averages up or down from one state to another.

But as you can see, the overall range is narrow – only about a quarter of a percentage point from lowest to highest.

What does the mortgage rate picture look like today?

The national average for 30-year fixed mortgages is 6.48%, about an eighth of a point higher than 10 days ago, when interest rates hit a nearly 13-month low of 6.35%. However, they are still close to their lowest levels since 2024.

Some buyers may have expected lower mortgage interest rates after the Federal Reserve cut its benchmark interest rate at the end of October. But instead, interest rates rose. This is because the short-term interest rate imposed by the Fed does not directly affect long-term mortgage interest rates, which take more of their cues from the 10-year Treasury yield, inflation trends, and other broad economic factors.

Hoping to buy a home? Don’t wait for the perfect price

If you’re wondering whether you should act now or wait until interest rates drop to buy a new home, most forecasts point to only modest relief in the future. Fannie Mae and other major forecasts see 30-year mortgage rates remaining in the average 6% range through the end of this year, with gradual — but not guaranteed — declines likely in 2026.

Even if prices fall in the next few weeks or months, the change may not be significant enough to outweigh the risk of losing a suitable home. What’s most important is to be financially prepared — with manageable debt, a steady income, and enough savings for a down payment — so you can move when the right opportunity comes along.

Waiting for the perfect price may mean not having a good buying window. Acting when you’re ready — and when the home fits your needs and budget — can be the smartest move. Remember: You can always refinance if rates drop in the future.

How we track the best mortgage rates

The above national and local averages are provided as is through the Zillow Mortgage API, assuming a loan-to-value (LTV) ratio of 80% (i.e. a down payment of at least 20%) and an applicant’s credit score in the range of 680-739. The resulting rates represent what borrowers should expect when receiving quotes from lenders based on their qualifications, which may differ from advertised teaser rates. © Zillow, Inc., 2025. Use subject to Zillow’s Terms of Use.