As of May 29, 2025, states with the lowest average 30-year mortgage rates (6.87% to 7.05%) include New York, California, New Jersey, Georgia, Hawaii, North Carolina, Texas, and Washington. Rates vary due to location, state regulations, lender risk, and borrower profiles. Nationally, the average 30-year fixed rate is 7.08%, down from 7.15% last week but higher than earlier in 2025. Shopping around and improving credit can help secure better rates.
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