As of November 2024, mortgage rates in Iowa exhibit some varying rates across different loan types and lenders. Here's a comprehensive overview based on recent data:

1. Mortgage Rates Overview: According to current information, the average mortgage rate for a 30-year fixed mortgage in Iowa is approximately 6.7%, reflecting a rise of 64 basis points from the previous rate of 6.1%. This figure indicates that Iowa's rates are currently positioned above the national average, which is around 6.53%.

2. Detailed Rate Comparison:

   • A more granular view shows that the rates are as follows:
     • 30-Year Fixed: 6.7%
     • 15-Year Fixed: Lower at about 6.0%
     • Other usual rates for different terms are similar, although specific offerings may vary by lender.
   • Some specific rates sourced from various financial institutions include:
     • 2.125% for a 30-Year Fixed and 1.750% for a 15-Year Fixed, though these may reflect promotional or specific conditions.

3. Institutional Listings:

   • Iowa Mortgage Rates from Zillow indicate a consistent drop over the last month alongside comparisons to the national average.
   • U.S. Bank regularly updates its tables of rates for Iowa, facilitating easy comparison for prospective borrowers.
   • The Iowa Finance Authority also offers varied rates under programs such as FirstHome, where the rates are listed at about 6.625% to 6.875% depending on the specific loan type.

4. Links for Further Information: Interested borrowers can explore detailed rates, comparisons, and lenders' offerings through the following resources:

   • Mortgage News Daily - Iowa Mortgage Rates
   • Zillow - Compare Today's Mortgage Rates in Iowa
   • U.S. Bank - Today's mortgage rates in Iowa
   • Money Geek - Today's Mortgage Rates in Iowa
   • Investopedia - Today's Mortgage Rates by State
   • Iowa Finance Authority Interest Rates
   • Veridian Credit Union - Mortgage Purchase and Refinance Rates

These resources provide the latest and most accurate information relevant to prospective homebuyers or those looking to refinance in Iowa.

Sources

Iowa Mortgage RatesCompare Today's Mortgage Rates in Iowa - ZillowToday's mortgage rates in Iowa - U.S. BankToday's Mortgage Rates in Iowa (November 2024) - Money GeekToday's Mortgage Rates by State – Nov. 27, 2024 - InvestopediaIowa Finance Authority Interest RatesMortgage Purchase and Refinance Rates - Veridian Credit Union

Related Questions

What are projected mortgage rates for 2024?

What is the mortgage origination forecast for 2024?

Where are mortgage rates going in the next 5 years?

How high could mortgage rates go by 2025?