Ohio Mortgage and Refinance Rates

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Current Ohio Mortgage Rates

Average market rates for May 24, 2024 in Ohio are 7.08% for 30-year fixed purchase and 7.17% for 30-year fixed refinance

ProductRateAPR
30-year Fixed Purchase7.08%7.11%
30-year Fixed Refinance7.17%7.20%
Rates based on market averages as of May 24, 2024.
ProductRateAPR
30-year Fixed Purchase7.08%7.11%
30-year Fixed Refinance7.17%7.20%
Rates based on market averages as of May 24, 2024.

Ohio Purchase Rates

ProductRateAPR
15-year Fixed Purchase6.29%6.33%
15-year Fixed Jumbo Purchase6.69%6.71%
30-year Fixed Purchase7.08%7.11%
30-year Fixed Jumbo Purchase7.31%7.34%
Rates based on market averages as of May 24, 2024.

Ohio 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.

Ohio ARM Rates

ProductRateAPR
5/6 Arm (purchase)7.46%7.50%
5/6 Arm (refinance)7.56%7.59%
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 Ohio

  • Conventional: 101,200 loans
  • FHA: 24,455 loans
  • USDA: 2,168 loans
  • VA: 9,661 loans

Top Purchase Lenders in Ohio by Volume

  • The Huntington National Bank: 7,461 loans
  • Crosscountry Mortgage, LLC: 7,380 loans
  • Rocket Mortgage, LLC: 5,351 loans
  • Third Federal Savings And Loan Association Of Cleveland: 4,639 loans
  • Union Home Mortgage Corp.: 4,383 loans
  • Fairway Independent Mortgage Corporation: 4,025 loans
  • Union Savings Bank: 3,165 loans
  • Fifth Third Bank: 3,081 loans
  • Mortgage Research Center, LLC: 2,840 loans
  • JPMorgan Chase Bank: 2,694 loans

Top Refinance Lenders in Ohio by Volume

  • Fifth Third Bank: 6,616 loans
  • PNC Bank: 3,218 loans
  • The Huntington National Bank: 3,140 loans
  • Third Federal Savings And Loan Association Of Cleveland: 2,248 loans
  • Citizens Bank: 1,583 loans
  • U.S. Bank: 1,544 loans
  • Rocket Mortgage, LLC: 1,521 loans
  • Keybank: 1,254 loans
  • Union Savings Bank: 1,193 loans
  • JPMorgan Chase Bank: 813 loans

Top Cash-Out Refinance Lenders in Ohio by Volume

  • Rocket Mortgage, LLC: 8,573 loans
  • The Huntington National Bank: 7,267 loans
  • Nationstar Mortgage LLC: 1,704 loans
  • Third Federal Savings And Loan Association Of Cleveland: 1,597 loans
  • Loandepot.com, LLC: 1,591 loans
  • Union Savings Bank: 1,426 loans
  • JPMorgan Chase Bank: 1,362 loans
  • Freedom Mortgage Corporation: 1,230 loans
  • Kemba Financial: 785 loans
  • Pennymac Loan Services, LLC: 759 loans

How we source lender data

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