MORTGAGE MATTERS
07/17/2024 |
The state average mortgage interest rate varies from 3.8% in Colorado and Utah to 4.5% in Mississippi and West Virginia. Eight states are at 4.3% including FL, NY, and TX. General average rates rise as you move east. The variation exists due to credit scores, when mortgages were issued, and how difficult is for a lender to reclaim a house. The lower the average rate, the more serious the Lock-in.