Louisiana Mortgage Rates Today — Compare LA Lenders
The average 30-year fixed mortgage rate in Louisiana is currently 6.52% APR. Louisiana buyers should budget carefully for homeowners insurance — hurricane and flood coverage can add significantly to monthly costs. Compare today’s rates from top Louisiana lenders across all major loan types below.
Louisiana Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $250,000 loan on a single-family primary residence in Louisiana.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.52% | 6.52% | Most Popular |
| 15-Year Fixed | 5.87% | 5.87% | Pay off faster, save interest |
| 5/1 ARM | 6.64% | 6.64% | Short-term owners |
| FHA 30-Year | 6.19% | 6.19% | Low down payment |
| VA 30-Year | 6.02% | 6.02% | Veterans & military |
| 30-Year Refinance | 6.64% | 6.64% | 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 Louisiana
Louisiana’s housing market is shaped by its unique culture, geography, and weather risks. New Orleans features distinctive historic architecture at varied price points, while Baton Rouge offers strong value as the state capital.
Insurance costs are a critical consideration — hurricane and flood insurance can add $200–$500+/month to housing costs in coastal areas. This significantly impacts affordability calculations and lender DTI ratios.
What Affects Your Louisiana Mortgage Rate?
Several key factors influence the rate a Louisiana 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%.