Iowa Mortgage and Refinance Rates

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Current Iowa Mortgage Rates

Average market rates for May 24, 2024 in Iowa are 7.09% for 30-year fixed purchase and 7.17% for 30-year fixed refinance

ProductRateAPR
30-year Fixed Purchase7.09%7.12%
30-year Fixed Refinance7.17%7.20%
Rates based on market averages as of May 24, 2024.
ProductRateAPR
30-year Fixed Purchase7.09%7.12%
30-year Fixed Refinance7.17%7.20%
Rates based on market averages as of May 24, 2024.

Iowa Purchase Rates

ProductRateAPR
15-year Fixed Purchase6.29%6.33%
15-year Fixed Jumbo Purchase6.69%6.71%
30-year Fixed Purchase7.09%7.12%
30-year Fixed Jumbo Purchase7.31%7.34%
Rates based on market averages as of May 24, 2024.

Iowa Refinance Rates

ProductRateAPR
15-year Fixed Refinance6.29%6.33%
15-year Fixed Jumbo Refinance6.70%6.72%
30-year Fixed Refinance7.17%7.20%
30-year Fixed Jumbo Refinance7.28%7.31%
Rates based on market averages as of May 24, 2024.

Iowa ARM Rates

ProductRateAPR
5/6 Arm (purchase)7.48%7.51%
5/6 Arm (refinance)7.58%7.62%
5/6 Jumbo Arm (purchase)6.93%6.94%
5/6 Jumbo Arm (refinance)6.99%6.99%
Rates based on market averages as of May 24, 2024.

How we source rates and rate trends

Most Common Mortgage Types in Iowa

  • Conventional: 35,048 loans
  • FHA: 4,298 loans
  • USDA: 1,091 loans
  • VA: 2,571 loans

Top Purchase Lenders in Iowa by Volume

  • Greenstate Credit Union: 7,493 loans
  • Veridian Credit Union: 2,874 loans
  • Hills Bank And Trust Company: 2,312 loans
  • Iowa Bankers Mortgage Corporation: 1,867 loans
  • Collins Community Credit Union: 1,725 loans
  • U.S. Bank: 1,040 loans
  • Wells Fargo Bank: 1,000 loans
  • Northwest Bank: 993 loans
  • Lincoln Savings Bank: 864 loans
  • Rocket Mortgage, LLC: 821 loans

Top Refinance Lenders in Iowa by Volume

  • Greenstate Credit Union: 1,319 loans
  • Veridian Credit Union: 793 loans
  • U.S. Bank: 633 loans
  • Dupaco Community: 443 loans
  • Iowa Bankers Mortgage Corporation: 367 loans
  • Collins Community Credit Union: 327 loans
  • Rocket Mortgage, LLC: 323 loans
  • Northwest Bank: 290 loans
  • Midwestone Bank: 289 loans
  • Wells Fargo Bank: 258 loans

Top Cash-Out Refinance Lenders in Iowa by Volume

  • Greenstate Credit Union: 1,844 loans
  • Rocket Mortgage, LLC: 1,353 loans
  • Community 1st Credit Union: 597 loans
  • Wells Fargo Bank: 458 loans
  • Iowa Bankers Mortgage Corporation: 403 loans
  • Veridian Credit Union: 400 loans
  • Loandepot.com, LLC: 292 loans
  • Nationstar Mortgage LLC: 257 loans
  • Deere Employees Credit Union: 236 loans
  • Dupaco Community: 223 loans

How we source lender data

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