Here's a look at
national average mortgage rates you can expect from mortgage brokers so you can compare mortgage rates across the U.S.
But given how major mortgage debt can be — credit bureau Experian puts
the national average mortgage debt is $ 196,014 — MPI is better than nothing.
Three month, one year, three year and long - term trends of
national average mortgage rates on 30 -, 15 - year fixed, 1 - year (CMT - indexed) and 5/1 combined adjustable rate mortgages; historical performance of the National Average Contract Mortgage Rate.
That seems quite high, as the current
national average mortgage rates are currently 2.86 % for a 15 - year fixed rate and 3.61 % for a 30 - year fixed rate.
The national average mortgage interest rate for borrowers with good credit scores on a 30 - year fixed - rate loan in 2017 has been 4 %.
Interest Rate Trends Three month, one year, three year and long - term trends of
national average mortgage rates on 30 -, 15 - year fixed, 1 - year (CMT - indexed) and 5/1 combined adjustable rate mortgages.
** Rates shown above are from a third party, and reflect
national average mortgage rates for a best case customer, not necesarily what you might get today.
National Average Mortgage Rates: Historical Data See also: National Monthly Average Mortgage Rate History
1 - Year CMT Index vs.
national average mortgage rate (start rate) on 1 - year CMT - indexed adjustable rate mortgages, 1994 - 2014
1 - Year CMT Index vs.
national average mortgage rate on 1 - year CMT - indexed adjustable rate mortgages, 1992 - 2010
First, I've done an example for a $ 150,000, 30 - year mortgage loan with the current (as of 24 April 2015)
national average mortgage rate.
The government - supported mortgage - backer aggregates current rates weekly from 125 lenders from across the country to come up with
a national average mortgage rate.
Here's a look at
national average mortgage rates you can expect from mortgage brokers so you can compare mortgage rates across the U.S.
Not exact matches
Housing - related expenses including rents and
mortgages are four times the
national average.
Housing - related expenses including rents and
mortgages are by far the most burdensome at 2.5 times the
national average, according to the Cost of Living Index, but other expenses aren't too far above
average.
New Jersey and parts of Long Island had more nonprime
mortgage activity than the
national average and now has more delinquencies and foreclosures than in much of the region.
Maryland
mortgage rates are typically even with the
national average.
Rhode Island
mortgage rates are generally lower than the
national average.
Maryland
mortgage rates have traditionally stuck close to the
national average.
They find that New York, New Jersey and Connecticut have higher balances, on
average, for
mortgages, home equity lines of credit (HELOC), student loans and credit cards compared to the
national average.
Ohio
mortgage rates hover above or below the
national average.
Washington's
mortgage rates have been lower than the
national average rates for the past decade.
Current state 2016
mortgage rates are higher than the
national average.
The
average rate on a 30 - year fixed - rate
mortgage fell one basis point, the rate for the 15 - year fixed dropped three basis points and the rate for the 5/1 ARM went down two basis points, according to a NerdWallet survey of daily
mortgage rates published Thursday by
national lenders.
California
mortgage rates tend to hover around the
national average.
SunTrust's
mortgage rates are in line with
national averages for each of its loan types.
This could be due to slightly more affordable
mortgages, as well as other draws for millennials such as a strong labor market — unemployment is below the
national average at 3.7 percent — and relatively high incomes for people in that age group, according to a Zillow analysis.
Colorado
mortgage rates tend to reflect the
national average.
Kansas
mortgage rates have been historically lower than the
national average, and that trend is continuing.
Minnesota may have high income taxes, but
mortgage rates in the state have remained below the
national average for the past 10 years.
The
mortgage rates in Delaware follow suit with the
national average rates.
When it comes to real estate, you will find that Kansas
mortgage rates are below the
national average - sometimes significantly.
In recent years, Delaware
mortgage rates have been close to the
national average.
Last week, the Bankrate.com U.S. Home
Mortgage 30 - year fixed rate
national average stood at 4.50 %.
Arkansas
mortgage rates historically hit right in line with the
national average, for the most part.
Learn how your
mortgage rate and amortization compares to the
national average with the latest
mortgage trends.
Current 2016
mortgage rates are following that trend, running just slightly above the
average national mortgage rate.
For example, as of March 2, 2017, Freddie Mac reports the
national average on a 30 - year fixed - rate
mortgage is 4.10 %, compared to 3.32 % for a 15 - year fixed - rate
mortgage.
The state's
mortgage rates are typically very close to the
national average.
Vermont
mortgage rates historically run slightly above or slightly below the
national average rates.
Historical New Jersey
mortgage rates stick closely to the
national average rates.
However, in specific counties where the cost of living is higher than typical, and the typical home sale price is well above the
national average, the FHFA assigns 2016 conforming
mortgage loan limits to be a little higher.
The second publication of the index — following the first in November — shows a continuation of a decline in the
national average LVR for
mortgage applications that began in 2013.
Vermont's
mortgage rates don't have a clear historical trend, tending to vary slightly above or below the
national average.
If you've found a home already, it will probably take between 40 and 50 days to close the home
mortgage, based on
national averages.
Alabama
mortgage rates align closely with the
national average.
Historical
mortgage rates in New Hampshire tend to be at or below the
national average rates.
Historically, Virginia
mortgage rates have sometimes been right in line with the
national average, other years they have been higher or lower.
About a decade ago, Wisconsin
mortgage rates were higher than the
national average — sometimes significantly.
Mortgage rates for Wisconsin used to be higher than the
national average rates, but rates have dropped in recent years.