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Montana

Current Montana Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Montana. Review free, personalized mortgage rates for Montana 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 Montana. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Montana as of December 10, 2019
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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 Montana Mortgage Rates Compare?

December 10, 2019

The current average rate for a 30 year fixed rate mortgage in Montana 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
Montana 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 Montana?

The median home value for Montana is $248,005

The median household income for Montana is $52,726

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Montana is $46,013

The home price you can afford to buy based on household income in Montana is 115% of the median home value which means housing prices are very expensive. Montana ranks 42 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Montana is very expensive

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Additional Mortgage Resources for Montana Residents

Mortgage Rates for Montana Cities

Billings Mortgage Rates

Bozeman Mortgage Rates

Flathead Mortgage Rates

Great Falls Mortgage Rates

Helena Mortgage Rates

Missoula 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