Ohio Mortgage Rates Today — Compare OH Lenders
The average 30-year fixed mortgage rate in Ohio is currently 6.48% APR. Ohio offers some of the most affordable housing in the Midwest, with Columbus growing rapidly as a tech and healthcare hub. Compare today’s rates from top Ohio lenders across all major loan types below.
Ohio 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 Ohio.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.48% | 6.48% | Most Popular |
| 15-Year Fixed | 5.83% | 5.83% | Pay off faster, save interest |
| 5/1 ARM | 6.60% | 6.60% | Short-term owners |
| FHA 30-Year | 6.16% | 6.16% | Low down payment |
| VA 30-Year | 6.00% | 6.00% | Veterans & military |
| 30-Year Refinance | 6.60% | 6.60% | 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 Ohio
Ohio consistently ranks among the most affordable housing markets in the US. The state’s diverse economy — anchored by Columbus’s tech sector, Cleveland’s healthcare industry, and Cincinnati’s finance and manufacturing base — provides stable employment across the state.
Columbus has grown substantially as a Midwest tech hub. Cleveland offers major-city amenities and culture at prices dramatically below comparable coastal cities. Cincinnati’s cross-border market with Northern Kentucky provides additional value options.
What Affects Your Ohio Mortgage Rate?
Several key factors influence the rate a Ohio 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%.