Southeast, Midwest see drop in mortgage rates; Northeast lags, report finds

Rochester Voice 8:22 a.m.
Monday, September 29, 2025 8:21 am

Southeast, Midwest see drop in mortgage rates; Northeast lags, report finds

With the average interest rate on mortgages decreasing in all states between Q1 2025 and Q2 2025, the personal-finance company WalletHub last week released its new report on the States Where Mortgage Interest Rates are Decreasing the Most, based on proprietary user data.

Decreasing the Most Decreasing the Least
1. Alabama
2. Mississippi
3. Iowa
4. Indiana
5. Ohio
6. Delaware
7. Arkansas
8. New Mexico
9. Louisiana
10. North Carolina		 41. Rhode Island
42. California
43. Connecticut
44. Massachusetts
45. New York
46. Hawaii
47. New Jersey
48. Wisconsin
49. Texas
50. Vermont

For the full report and to see where your state ranks, please visit:
https://wallethub.com/edu/states-mortgage-interest-rates-change/141339