Discover the latest 30-year mortgage rates by state in 2025. Learn how state-by-state variations impact affordability and what you can do to secure the best rate.
Introduction
As of May 2025, the national average 30-year fixed mortgage rate is around 6.76%, a significant increase from recent years. For homebuyers and investors alike, knowing how rates vary by state is critical to making smart real estate decisions. In this post, we break down the current 30-year mortgage rates by state, explain what drives these differences, and offer actionable tips for buyers.
National Mortgage Rate Overview (2025)
- 6.76% average 30-year fixed mortgage rate (May 2025)
- Up from 4.1% in 2019
- Reflects tight monetary policy and inflation control efforts
30-Year Mortgage Rates by State (Snapshot)
States with Lower Average Rates
These states offer better mortgage rates due to strong credit profiles and lender competition:
- California – ~6.55%
- New York – ~6.60%
- Florida – ~6.65%
States with Higher Average Rates
Higher rates are common in states with lower credit averages and fewer lenders:
- Indiana – ~7.15%
- West Virginia – ~7.17%
- Nevada – ~7.18%
Note: Rates are based on state averages and may vary depending on individual credit profiles.
Why Mortgage Rates Vary by State
Here are the top reasons rates differ across states:
- Credit Score Averages – Better credit = better rates
- Lender Competition – More banks = more favorable rates
- Local Regulations – Some states have borrower-friendly laws
- Home Prices – Larger loan amounts can reduce rates through scale
Mortgage Rates and Home Affordability in 2025
With mortgage rates at decade-highs, affordability is tightening:
- Median home price: $431,250
- Required income to afford: $114,000/year
- Increase since 2019: $47,000 more in income required
Tips to Get the Best Mortgage Rate
- Boost Your Credit Score – Pay down debts and correct credit errors
- Compare Multiple Lenders – Always shop around
- Make a Larger Down Payment – Reduces LTV and improves your rate
- Consider an ARM – Adjustable-rate mortgages can be cheaper short-term
Final Thoughts
Understanding the 30-year mortgage rate by state can give you a serious edge in today’s high-interest market. Whether you're buying now or just preparing, staying informed is your best asset.
Pro Tip: Bookmark this post and check back monthly for updated state-by-state rates!
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