At the end of the second week of September, based on recent data from the Association of Mortgage Banks ( MBA ), 30-year fixed-income mortgage rates increased to 7. 12 %, which is their highest level in more than two years.
And while debt rates are at historic highs, many owners and buyers will avoid the market, hoping that property prices will drop once they reach more than$ 400,000 in some states.
In this regard, Wallet Hub, a personal finance company, polled which states are the most expensive ones to find out where mortgage rates are rising most recently.
Interest rates are still significantly below the highs from the past, according to Chip Lupo, an analyst at Wallet Hub.
Mortgage rates increased in 37 of the 50 states between the first and second quarters of these years, according to the analysis provided by Wallet Hub, and the state where the rate increased the most were:
According to WalletHub scientist, "it's a hard time to buy a home, given that house prices have soared astronomically in recent years and shortages make it difficult to find the right spot also for those who have the money. " The fact that the average loan interest rate has increased in all states makes the buying process more difficult for consumers.
Mississippi is positioned as the state with the highest average increase in mortgage interest rates between the first and second quarters of 2026, with an average rate of 1. 9 %, according to the research.
This increase is the highest of all claims, trailing only Colorado by 0. 32 percent. The typical loan interest rate in Mississippi was at the end of the second quarter of 2026, which is the twenty-first most cheap rate in the nation, Lupo explained.
