Mortgage rates in all 50 states.
State-level rate averages built from Freddie Mac's Primary Mortgage Market Survey and HMDA data from major lenders. Pick your state to see typical APRs, lender availability, and the closing costs your local laws add to the deal.
National rate snapshot
Source: Freddie Mac PMMSPick your state.
Each state page covers typical APRs, top lenders active in your state, and the closing costs your local laws add to the deal.
Northeast
9 statesMidwest
12 statesSouth
17 statesState laws change closing costs, not interest rates.
The base rate comes from the bond market. Your state determines the fees on top, and those fees can move your APR by 20 to 40 basis points.
Recording and transfer taxes
Most states charge a small tax to record the deed and mortgage documents. New York piles on a mortgage recording tax of 1.8 to 1.925%, which can add several thousand dollars at closing. Florida, Pennsylvania, and Maryland also charge meaningful transfer taxes. Texas and a handful of other states do not, which is one reason their APRs land lower in the table above.
Attorney involvement at closing
In about a dozen states (Massachusetts, New York, South Carolina, Georgia, and others) an attorney is legally required to handle closing. Attorney fees of $800 to $1,500 are baked into your closing costs. In title states like Texas and California, a title company runs closing without an attorney, which is cheaper but leaves you without a legal advocate at the table.
Title insurance and ownership rules
Lender title insurance is required everywhere there is a mortgage. Owner title insurance is optional in most states, and the premium varies. Iowa is unique because the state runs a title guaranty program with capped premiums far below national averages, giving Iowa some of the lowest closing costs in the country. Florida has high title premiums driven by hurricane exposure and complex chain-of-title issues.
Foreclosure rules: judicial vs non-judicial
About half of US states use judicial foreclosure, meaning the lender must sue in court to foreclose. The other half use non-judicial foreclosure, which is faster and cheaper. Lenders price this risk in. Judicial-foreclosure states (New York, New Jersey, Florida) tend to see slightly higher APRs because lenders factor in the cost of a longer recovery cycle.
Homestead exemptions and asset protection
Texas and Florida offer unlimited homestead protection, meaning your primary residence is shielded from most creditors regardless of value. Other states cap the protection at $25,000 to $500,000. This does not change your rate, but it shapes how aggressively you should lever up your home equity, especially if you own a business or have liability exposure.
Common questions.
Why do mortgage rates differ from state to state?
Two main reasons. First, lender competition varies. States with many active lenders (California, Texas, Florida) tend to have tighter spreads and slightly lower APRs. Second, state-level fees and taxes baked into APR vary widely. New York, for example, charges a mortgage recording tax that adds 1.8 to 1.925% to the APR calculation, which is why headline APRs there look higher even when the base rate is similar.
Do state laws affect my closing costs?
Yes, significantly. Title insurance is required in some states and optional in others. Recording fees, transfer taxes, and attorney fees vary by state. In Texas, attorneys are not required at closing. In New York, an attorney is essentially required. CFPB-mandated Loan Estimates show every fee, but the totals can swing $3,000 to $8,000 depending on where you buy.
Are the rates on this page current?
Yes. Rates reflect Freddie Mac's Primary Mortgage Market Survey averages plus state-level adjustments based on Home Mortgage Disclosure Act (HMDA) reporting from major lenders. We refresh the table weekly. Your individual quote will vary based on credit score, loan-to-value, and lender choice.
Why are some states (Mississippi, Louisiana, Oklahoma) consistently higher?
States with weaker title and recording infrastructure, higher default rates historically, and fewer active national lenders tend to see an APR premium of 5 to 15 basis points. This is documented in Freddie Mac's regional reports and CFPB analysis of HMDA data.
Does my state's homestead exemption matter when shopping a mortgage?
It matters more for foreclosure protection than for getting a loan. Texas and Florida have strong homestead protections that shield primary residences from creditors. This does not lower your mortgage rate, but it changes the risk profile of the asset you are borrowing against. Worth knowing for long-term planning.
Should I always pick the lender with the lowest state average?
Not necessarily. State averages mix lenders, loan sizes, and credit profiles. The right approach is to use the state page to anchor your expectations, then get 3 to 4 personalized quotes. The CFPB recommends shopping at least three lenders, which on average saves $1,500 to $3,000 over the life of the loan.
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