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Louisiana

Current Louisiana Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Louisiana. Review free, personalized mortgage rates for Louisiana based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Louisiana. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Louisiana as of November 13, 2019
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Get Personalized Mortgage Quotes for Louisiana

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Louisiana Mortgage Rates Compare?

November 13, 2019

The current average rate for a 30 year fixed rate mortgage in Louisiana is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Louisiana Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Louisiana?

The median home value for Louisiana is $165,064

The median household income for Louisiana is $49,046

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Louisiana is $30,625

The home price you can afford to buy based on household income in Louisiana is 160% of the median home value which means housing prices are affordable. Louisiana ranks 20 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Louisiana is affordable

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Additional Mortgage Resources for Louisiana Residents

Mortgage Rates for Louisiana Cities

Alexandria Mortgage Rates

Ascension Mortgage Rates

Baton Rouge Mortgage Rates

Bossier City Mortgage Rates

Hammond Mortgage Rates

Houma Mortgage Rates

Lafayette Mortgage Rates

Lake Charles Mortgage Rates

Livingston Mortgage Rates

Metairie Mortgage Rates

Monroe Mortgage Rates

New Orleans Mortgage Rates

Shreveport Mortgage Rates

St. Tammany Mortgage Rates

Thibodaux Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index