Check out the latest average mortgage rates in Mississippi for conventional and non-conventional mortgages. You can compare them to current national rates as well as historical interest rates for both Mississippi and the United States.
| Mortgage Type | Avg. MS Rate | Weekly +/- | National Rate |
| 30-Year Fixed | 4.25% | – | 3.60% |
| 15-Year Fixed | 3.38% | – | 3.05% |
| 30-Year 5/1 ARM | 3.88% | – | 3.36% |
| 30-Year 3/1 ARM | 3.81% | – | – |
| 30-Year 7/1 ARM | 3.99% | – | – |
| 30-Year 10/1 ARM | 4.05% | – | – |
Note: Rates are updated weekly. Last update: 9/03/2019
Source: Consumer Financial Protection Bureau, Federal Reserve Bank of St. Louis
| Mortgage Type | Avg. MS Rate | Weekly +/- |
| FHA 30-Year Fixed | 3.81% | – |
| FHA 15-Year Fixed | 3.81% | – |
| VA 30-Year Fixed | 3.83% | – |
| VA 15-Year Fixed | 3.80% | – |
Note: Rates are updated weekly. Last update: 9/03/2019
Source: Consumer Financial Protection Bureau
| Mortgage Type | Monthly Payment | Interest Paid | Total Cost |
| 30-Year Fixed | $568 | $89,303 | $204,503 |
| 15-Year Fixed | $818 | $32,022 | $147,222 |
| 30-Year 5/1 ARM | $536 | $77,806 | $193,006 |
| 30-Year 3/1 ARM | $569 | $89,546 | $204,746 |
| 30-Year 7/1 ARM | $547 | $81,600 | $196,800 |
| 30-Year 10/1 ARM | $550 | $82,794 | $197,994 |
| FHA 30-Year Fixed | $535 | $77,570 | $192,770 |
| FHA 15-Year Fixed | $832 | $34,570 | $149,770 |
| VA 30-Year Fixed | $529 | $75,220 | $190,420 |
| VA 15-Year Fixed | $833 | $34,775 | $149,975 |
Notes: Mississippi median home value assumed to be $115,200. Projected ARM cost may not reflect actual cost after rate adjustments are made.
Sources: Zillow Economic Data, Consumer Financial Protection Bureau, LendEDU Mortgage Calculator
Source: Federal Housing Finance Agency Monthly Interest Rate Survey
Note: Adjustable mortgage rates excluded due to inefficient data.
Source: Freddie Mac
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