Wisconsin Mortgage Rates Today — Compare WI Lenders
The average 30-year fixed mortgage rate in Wisconsin is currently 6.50% APR. Madison is one of the most competitive housing markets in the Midwest. Milwaukee offers strong affordability for first-time buyers. Compare today’s rates from top Wisconsin lenders across all major loan types below.
Wisconsin Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $280,000 loan on a single-family primary residence in Wisconsin.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.50% | 6.50% | Most Popular |
| 15-Year Fixed | 5.85% | 5.85% | Pay off faster, save interest |
| 5/1 ARM | 6.62% | 6.62% | Short-term owners |
| FHA 30-Year | 6.17% | 6.17% | Low down payment |
| VA 30-Year | 6.01% | 6.01% | Veterans & military |
| 30-Year Refinance | 6.62% | 6.62% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in Wisconsin
Wisconsin’s housing market provides excellent value for buyers. Milwaukee offers large, older homes at prices far below comparable coastal cities. Madison’s competitive market reflects its status as a college town and state capital, but remains more affordable than similar university cities on the coasts.
Wisconsin WHEDA offers excellent first-time buyer programs. Green Bay, Appleton, and other smaller Wisconsin cities offer strong value with stable local economies.
What Affects Your Wisconsin Mortgage Rate?
Several key factors influence the rate a Wisconsin lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.