Mortgage Rates Rise In 37 States In Second Quarter
By CU Today Staff —
MIAMI—Mortgage rates increased in 37 states during the second quarter, with Mississippi, Colorado and Tennessee posting the largest increases, according to a new analysis from WalletHub.
Using its proprietary mortgage rate data, WalletHub found Mississippi recorded the biggest quarter-over-quarter increase at 1.92%, bringing its average mortgage rate to 5.54%. Colorado followed with a 1.60% increase to 5.33%, while Tennessee was third with a 1.57% increase.
Wisconsin and Missouri rounded out the five states with the largest increases, with rates rising 1.23% and 1.14%, respectively. North Carolina and Kansas each recorded increases of 1.10%, while Arkansas, New Hampshire and South Carolina completed the top 10.
Rates declined in 13 states, according to WalletHub. North Dakota posted the largest decrease at 3.68%, followed by South Dakota at 1.22% and Wyoming at 1.07%. Texas, Montana, Nevada, Maine, West Virginia, Rhode Island, Vermont, Louisiana, Iowa and Hawaii also recorded declines.
Originally reported by CU Today.