Rates major cities

Mortage rates are currently at or near record lows for virtually every type of home loan. We constantly update our summary of the mortgage market to keep you abreast of all the latest trends.

But where you live has a lot to do with how much you'll pay to finance a home. Here's the current average cost of three popular types of mortgages in 25 major cities based on our most recent weekly survey of leading lenders. The national average for those home loans is at the bottom of the chart.

Average Mortgage Rates in 25 Major Cities

  • Market

    30-Year Fixed

    15 Year Fixed

    5/1 ARM

  • Atlanta

    3.92%

    3.10%

    2.55%

  • Baltimore

    3.91%

    3.16%

    2.73%

  • Boston

    3.70%

    2.96%

    2.64%

  • Chicago

    3.80%

    2.98%

    2.46%

  • Cincinnati

    3.87%

    3.01%

    2.67%

  • Cleveland

    3.83%

    3.06%

    2.54%

  • Dallas

    3.78%

    2.88%

    2.81%

  • Denver

    3.93%

    3.19%

    2.54%

  • Detroit

    3.71%

    2.99%

    2.82%

  • Houston

    3.63%

    2.78%

    2.50%

  • Kansas City

    3.62%

    2.89%

    3.05%

  • Los Angeles

    3.70%

    3.03%

    2.80%

  • Miami

    3.58%

    2.79%

    2.50%

  • Milwaukee

    3.70%

    2.80%

    2.87%

  • Minneapolis

    3.71%

    2.80%

    2.50%

  • New York

    3.78%

    3.00%

    2.68%

  • Philadelphia

    3.75%

    2.95%

    2.49%

  • Phoenix

    3.65%

    2.92%

    2.50%

  • Pittsburgh

    3.86%

    3.05%

    2.53%

  • St. Louis

    3.66%

    2.87%

    2.46%

  • San Diego

    3.77%

    3.06%

    2.86%

  • San Francisco

    3.68%

    2.89%

    2.81%

  • Seattle

    3.74%

    3.08%

    2.68%

  • Tampa

    4.33%

    3.67%

    2.19%

  • Washington, D.C.

    3.71%

    3.01%

    2.67%

  • National Average

    3.73%

    2.96%

    2.68%

  • Average Mortgage Rates: March 7 2013Source: Interest.com

The "5/1/ ARM" column refers to 5-year adjustable rate mortgages. These are loans in which the introductory rate that you see is set for the first five years of the loan. The interest rate is adjusted each year after that based on an index that reflects current interest rates.