Buying a home in the Bayou State? There’s no shortage of homes for you to choose from. Louisiana has almost 2.1 million housing units and a homeownership rate of about 66%, according to the U.S. Census Bureau’s 2018 American Community Survey.
Louisiana’s median housing value is $167,300, which is significantly lower than the national median value of $229,700. Louisiana has some localities with lower housing prices, but prices for housing can be higher in other parts of the state.
U.S. News conducted an in-depth review of leading direct mortgage lenders. Research was based on program availability and customer satisfaction ratings. Because each consumer has different needs, the top finishers in several key areas were chosen.
What Are the Mortgage Rates in Louisiana?
The average interest rate for a 30-year fixed-rate conforming mortgage in Louisiana is 3.67%.
Home interest rates range from 2.88% to 4.75% in Louisiana.
What Are Today’s Mortgage Rates?
Locking in a low mortgage rate today can save you thousands over the life of your loan. Compare your mortgage rate offers with national average trends.
This Week’s Rate
Last Week’s Rate
|30-Year Fixed Rate||3.50%||3.51%|
|15-Year Fixed Rate||2.83%||2.83%|
|30-Year Fixed Jumbo Rate||3.58%||3.60%|
|5/1 ARM Rate||3.19%||3.20%|
|5/1 ARM Jumbo Rate||3.02%||3.00%|
*Rates as of June 8, 2020.