See the latest Louisiana mortgage rates for fixed rates: 30 year, 20, 15, 10 FHA, VA, Jumbo, plus variable rates: 10, 7, 5, 3 year. Also see how local rates compare nationally and main lending options available across the state.
Buying a home in Louisiana could be easier with today’s mortgage rates.
Mortgage Rates in Louisiana –
The table below shows today’s home purchase mortgage rates for Louisiana, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.31% | 6.36% | 6.41% | |
| Louisiana | 6.17% | 6.22% | 6.27% | |
| Credit Unions | 5.77% | 5.82% | 5.97% | 9.2/10 |
| Online lenders | 5.87% | 5.92% | 6.07% | 7.7/10 |
| Banks | 6.17% | 6.22% | 6.27% | 8.4/10 |
| 30 year fixed | 6.17% | 6.22% | 6.27% | |
| 30 year fixed FHA | 6.72% | 6.77% | 6.82% | |
| 30 year fixed VA | 6.19% | 6.24% | 6.29% | |
| 30 year fixed Jumbo | 6.40% | 6.78% | 6.97% | |
| 20 year fixed | 5.96% | 6.01% | 6.06% | |
| 15 year fixed | 5.88% | 5.93% | 5.98% | |
| 10 year fixed | 5.88% | 5.93% | 5.98% | |
| 3 year ARM | 4.24% | 4.29% | 4.34% | |
| 5 year ARM | 6.32% | 6.37% | 6.42% | |
| 7 year ARM | 6.28% | 6.33% | 6.38% | |
| 10 year ARM | 6.19% | 6.24% | 6.29% | |
| Satisfaction | 8.8/10 | 7.9/10 | 7.5/10 |
Source: MFP’s Community Home Purchase Rates Survey from Louisiana members in the last 30 days.
How Louisiana Compares to National Averages
- Louisiana mortgage rates (6.17% for best credit scores) are slightly below national averages (national average: 6.31%).
- Credit unions are more competitive: In Louisiana, credit unions offer 5.77%, banks 6.17%, online lenders 5.87%.
Mortgage Options in Louisiana
- 30 year fixed: 6.17% - most popular long-term option for predictable payments
- 20 year fixed: 5.96% - balance between payment size and interest savings
- 15 year fixed: 5.88% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.88% - shortest fixed-term option with competitive rates
- 10 year variable: 4.24% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.32% - A mid-term variable option...
- 5 year variable: 6.28% - Shorter-term variable mortgage...
- 3 year variable: 6.19% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Louisiana Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| New Orleans | 6.23% | 5.76% |
| Baton Rouge | 6.19% | 5.72% |
| Shreveport | 6.22% | 5.75% |
| Lafayette | 6.20% | 5.73% |
| Lake Charles | 6.21% | 5.74% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Compare Lenders Rated by Louisiana Homeowners
Louisiana homeowners rated their mortgage lenders on:
- Ease of application
- Rates and terms offered
- Customer support and advice
- Overall recommendation %
See the Best Mortgage Lenders in Louisiana
FAQs Louisiana Mortgage Rates
Are home purchase rates higher in Louisiana than the U.S. average?
No, Louisiana mortgage rates typically run slightly below the national average, providing cost savings for local homebuyers.
What credit score is best for buying a home in Louisiana?
A credit score of 720 or higher typically secures the most competitive mortgage rates available in Louisiana.
Is it better to choose a fixed-rate or ARM in Louisiana?
Fixed-rate mortgages offer payment stability for long-term residents, while ARMs may benefit those planning to move or refinance within a few years.
More Louisiana Home Information:
Louisiana Best Mortgage Lenders
Louisiana Best Home Insurance from Community Recommendations & Insurance Costs
More Resources for Louisiana Homeowners.