The Brief

Average mortgage interest rates fell across all 50 states from Q1 to Q2 2025, offering some relief amid high home prices.

WalletHub’s new data found that Alabama saw the largest rate decrease – about 16.7% – bringing its average mortgage rate down to 4.8%.

Earlier this month, the Federal Reserve cut its key interest rate and signaled two more cuts this year, potentially influencing future mortgage trends.

The average mortgage interest rate decreased across all states from Q1 2025 to Q2 2025, and a new study is revealing where interest rates are decreasing most .

While the average mortgage interest rate has stayed above 6% on 30-year fixed mortgages during 2025, the rate varies widely by state.

In order to highlight the states where homeowners' financial burdens are get

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