15 Cities with the Highest Interest Rates

Core Insights - Location significantly impacts mortgage rates, often more than buyers realize, with variations across cities due to factors beyond home values [1][2] - Local lending competition, borrower credit profiles, state regulations, and economic stability are key factors influencing mortgage interest rates [2] - The expected range for conventional fixed-rate mortgages in 2025 is between 6.624% and 6.99% [3] Mortgage Rates and Home Prices - The median interest rate for fixed-rate mortgages is reported at 6.99% with a median home sale price of $525,000 for a 30-year mortgage [8] - In Rochester, New York, the median home sale price for a 30-year mortgage is $238,173 with an interest rate of 6.875% [1][11] - Year-over-year changes in median interest rates show a slight increase of +0.115% in some areas, while others report no change [8][9][12]