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Mississippi

Current Mississippi Mortgage Rates

Compare Mississippi mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Mississippi.

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

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Mississippi Mortgage Rates as of June 25, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's Mississippi Mortgage Rates

June 25, 2022

Current mortgage rates in Mississippi are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Mississippi Rates
National
Average
Comparison
30 Year Fixed Rate
%
5.780%
15 Year Fixed Rate
%
4.810%
5/1 Adjustable Rate Mortgage
%
4.330%

How Affordable is Housing in Mississippi?

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

The median home value for Mississippi is $150,790

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Mississippi is $24,706

With this income, you could qualify for a $135,711 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 Mississippi is $572

The median household income for Mississippi is $49,731

Based on this income, you can afford a home valued at approximately $303,524

The home price you can afford to buy based on household income in Mississippi is 201% of the median home value which means housing prices are super affordable. Mississippi ranks 7 out of 50 states for housing affordability.

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

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Additional Mortgage Resources for Mississippi Residents

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Jackson Mortgage Rates

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