Today's Mortgage Rates by State – Dec. 18, 2024

Category: Finance

The cheapest 30-year new purchase mortgage rates are found in New York, California, Florida, Texas, Tennessee, Washington, Alabama, Georgia, and Pennsylvania, averaging between 6.60% and 6.76%. In contrast, the highest rates are in Alaska, Wyoming, Maine, Iowa, Nebraska, North Dakota, South Dakota, Washington, D.C., and West Virginia, ranging from 6.86% to 6.91%. Mortgage rates are influenced by various factors including state regulations, lender strategies, and macroeconomic conditions. The current average rate is 6.78%, following a recent rise from a two-year low of 5.89%. The Federal Reserve's monetary policy and bond market dynamics play significant roles in rate fluctuations.

Keywords: Mortgage Rates, 30-Year Mortgage, Federal Reserve

Source: Investopedia

Update At: 12/19/2024

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