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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 July 12, 2020
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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.
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How Do Today's Louisiana Mortgage Rates Compare?

July 12, 2020

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%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Louisiana?

Below we offer valuable insights on the housing market and real estate prices in Louisiana. Understand how much you need to make to buy a house in Louisiana, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Louisiana is affordable for you. We provide this helpful information to help you decide if living in Louisiana is right for you.

The median home value for Louisiana is $171,210

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Louisiana is $30,813

With this income, you could qualify for a $154,089 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Louisiana is $714

The median household income for Louisiana is $50,191

Based on this income, you can afford a home valued at approximately $278,880

The home price you can afford to buy based on household income in Louisiana is 163% of the median home value which means housing prices are affordable. Louisiana ranks 18 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