Iowa Mortgage and Refinance Rates

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Current Iowa Mortgage Rates

Average market rates for October 08, 2024 in Iowa are 6.60% for 30-year fixed purchase and 6.54% for 30-year fixed refinance

ProductRateAPR
30-year Fixed Purchase6.60%6.64%
30-year Fixed Refinance6.54%6.58%
Rates based on market averages as of Oct 08, 2024.
ProductRateAPR
30-year Fixed Purchase6.60%6.64%
30-year Fixed Refinance6.54%6.58%
Rates based on market averages as of Oct 08, 2024.

Iowa Purchase Rates

ProductRateAPR
15-year Fixed Purchase5.59%5.65%
15-year Fixed Jumbo Purchase5.87%5.90%
30-year Fixed Purchase6.60%6.64%
30-year Fixed Jumbo Purchase6.66%6.68%
Rates based on market averages as of Oct 08, 2024.

Iowa Refinance Rates

ProductRateAPR
15-year Fixed Refinance5.41%5.48%
15-year Fixed Jumbo Refinance5.87%5.90%
30-year Fixed Refinance6.54%6.58%
30-year Fixed Jumbo Refinance6.59%6.62%
Rates based on market averages as of Oct 08, 2024.

Iowa ARM Rates

ProductRateAPR
5/6 Arm (purchase)6.49%6.55%
5/6 Arm (refinance)6.64%6.71%
5/6 Jumbo Arm (purchase)6.20%6.21%
5/6 Jumbo Arm (refinance)6.26%6.27%
Rates based on market averages as of Oct 08, 2024.

How we source rates and rate trends

Most Common Mortgage Types in Iowa

  • Conventional: 25,675 loans
  • FHA: 4,046 loans
  • VA: 2,173 loans
  • USDA: 697 loans

Top Purchase Lenders in Iowa by Volume

  • Greenstate Credit Union: 4,976 loans
  • Veridian Credit Union: 2,096 loans
  • Hills Bank And Trust Company: 1,793 loans
  • Iowa Bankers Mortgage Corporation: 1,692 loans
  • Northwest Bank: 900 loans
  • U.S. Bank: 783 loans
  • Broker Solutions, Inc.: 758 loans
  • Mortgage Research Center, LLC: 658 loans
  • Homeservices Lending, LLC: 636 loans
  • Rocket Mortgage, LLC: 634 loans

Top Refinance Lenders in Iowa by Volume

  • Greenstate Credit Union: 883 loans
  • Veridian Credit Union: 380 loans
  • Dupaco Community: 282 loans
  • Community 1st Credit Union: 273 loans
  • Midwestone Bank: 221 loans
  • Northwest Bank: 169 loans
  • Hills Bank And Trust Company: 138 loans
  • U.S. Bank: 135 loans
  • Iowa Bankers Mortgage Corporation: 92 loans
  • Bankers Trust Company: 91 loans

Top Cash-Out Refinance Lenders in Iowa by Volume

  • Rocket Mortgage, LLC: 874 loans
  • Greenstate Credit Union: 833 loans
  • Community 1st Credit Union: 429 loans
  • Nationstar Mortgage LLC: 141 loans
  • Deere Employees Credit Union: 136 loans
  • Marine: 109 loans
  • Veridian Credit Union: 105 loans
  • Freedom Mortgage Corporation: 102 loans
  • Loandepot.com, LLC: 100 loans
  • Greater Iowa Credit Union: 85 loans

How we source lender data

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