Montana Mortgage Rates Today — Compare MT Lenders
The average 30-year fixed mortgage rate in Montana is currently 6.57% APR. Bozeman has seen some of the most dramatic price appreciation of any small US city, driven by remote workers and lifestyle migration. Compare today’s rates from top Montana lenders across all major loan types below.
Montana Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $420,000 loan on a single-family primary residence in Montana.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.57% | 6.57% | Most Popular |
| 15-Year Fixed | 5.92% | 5.92% | Pay off faster, save interest |
| 5/1 ARM | 6.69% | 6.69% | Short-term owners |
| FHA 30-Year | 6.22% | 6.22% | Low down payment |
| VA 30-Year | 6.05% | 6.05% | Veterans & military |
| 30-Year Refinance | 6.69% | 6.69% | 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 Montana
Montana has become one of the most sought-after relocation destinations in the US, driven by its natural beauty, outdoor lifestyle, and remote work flexibility. Bozeman has transformed from a small college town to a competitive housing market with prices reflecting its newfound desirability.
Billings and Great Falls offer more affordable alternatives to Bozeman and Missoula. The state’s vast open spaces, low population density, and outdoor recreation access continue to attract buyers seeking a different quality of life.
What Affects Your Montana Mortgage Rate?
Several key factors influence the rate a Montana 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%.