With the average interest rate on mortgages decreasing in all states between Q1 2025 and Q2 2025, the personal-finance company WalletHub today 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 |
https://wallethub.com/edu/
Key takeaways and WalletHub commentary are included below in text and video format. Feel free to use the provided content as is or edit the raw files as you see fit.
“It’s a difficult time to buy a house, given that home prices have risen astronomically over the past few years and housing shortages make it hard to find the right place even if you have the money. The upside is that consumers’ home-buying struggles are alleviated by the fact that the average mortgage interest rate decreased in all states between Q1 2025 and Q2 2025. Although interest rates are still down a bit from the highs we saw two years ago they’re a far cry from the historic lows during the pandemic.”
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“Alabama had the largest decrease in the average mortgage interest rate between Q1 2025 and Q2 2025, at around 16.7%. With this significant decrease, the average mortgage interest rate in Alabama dropped to only 4.8% in Q2 2025, making it the 10th-cheapest state.”
- Chip Lupo, WalletHub Analyst
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