30-Year Mortgage Rates in Jackson, MS
Compare current 30-year fixed mortgage rates in Jackson, MS. Find the best local lenders, understand Jackson market trends, and secure competitive rates for your home purchase or refinance.
As of April 2026, the average 30-year fixed mortgage rate in Jackson, MS is approximately 6.65%, based on national survey data from Freddie Mac. Rates in Jackson generally track the South average, influenced by local housing demand, lender competition, and economic conditions. The median home price in Jackson is approximately $165,000. Capital city value.
Current Mortgage Rates in Jackson, MS
Compare average mortgage rates available to Jackson borrowers. Rates are based on national averages from Freddie Mac and may vary by lender, credit score, and loan amount.
| Loan Type | Rate | APR | Est. Payment |
|---|---|---|---|
| 30-Year Fixed | 6.65% | 6.82% | $1,925/mo |
| 15-Year Fixed | 5.90% | 6.12% | $2,585/mo |
| FHA 30-Year | 6.25% | 7.15% | $1,845/mo |
| VA 30-Year | 6.15% | 6.38% | $1,815/mo |
| Jumbo 30-Year | 6.85% | 7.02% | $2,125/mo |
Top Mortgage Lenders in Jackson, MS
Compare mortgage lenders serving Jackson borrowers. All lenders shown are licensed to operate in Mississippi.
Premium Jackson Lender
- Competitive 30-year fixed rates
- Local Jackson branch offices
- Same-day pre-approval available
- Dedicated MS loan officers
Featured Jackson Lender
- Low rate guarantee programs
- Online application portal
- First-time buyer specialists
- Down payment assistance guidance
Verified Jackson Lender
- Serving Mississippi since 2005
- FHA/VA/USDA loan options
- Free rate lock for 60 days
- Local market expertise
Jackson Housing Market Overview
Understanding the Jackson real estate market helps borrowers make informed mortgage decisions in Mississippi.
Jackson Home Prices
The median home price in Jackson is approximately $165,000. Local prices reflect the South market dynamics and Jackson's specific economic conditions and housing supply.
Jackson Market Trends
Jackson's housing market reflects broader Mississippi trends. Local inventory levels, days on market, and price appreciation help determine the best timing for mortgage applications.
Cost of Living in Jackson
Jackson's cost of living, including property taxes and insurance rates, affects the total homeownership cost beyond the mortgage payment for MS residents.
Factors Affecting Mortgage Rates in Jackson
Several local and national factors influence the mortgage rates available to Jackson homebuyers.
Credit Score in Jackson
Your credit score is the biggest factor in your Jackson mortgage rate. Aim for 740+ for the best rates. Borrowers with excellent credit save thousands over the life of a 30-year loan.
Down Payment & LTV
A 20% down payment on a $165,000 home in Jackson avoids PMI. FHA loans allow 3.5% down, making homeownership more accessible in Jackson's market.
Local Lender Competition
Shopping 3-4 Jackson-area lenders can save 0.25-0.5% on your rate. Compare banks, credit unions, and mortgage brokers serving the Jackson market.
Rate Lock Strategy
When you find a competitive rate in Jackson, lock it. Rate locks of 30-60 days protect you from market volatility during the closing process in MS.
Frequently Asked Questions: Jackson Mortgage Rates
The average 30-year fixed rate in Jackson is approximately 6.65% as of April 2026, based on Freddie Mac data. Your actual rate depends on credit score, down payment, loan amount, and lender. Shopping multiple Jackson lenders typically saves 0.25-0.5%.
With a median home price of $165,000 in Jackson, a 20% down payment would be about $33,000. FHA loans require just 3.5% down, and VA loans offer zero down for eligible veterans in MS.
For the best mortgage rates in Jackson, aim for a credit score of 740+. Scores of 760+ get the absolute best rates. FHA loans in MS accept scores as low as 580 with 3.5% down.
Yes. The Mississippi Housing Finance Authority offers down payment assistance and below-market rate programs. Federal programs including FHA, VA, and USDA loans are also available to Jackson buyers. Contact local lenders for current program availability.
A 30-year fixed offers lower monthly payments, ideal for Jackson buyers wanting payment flexibility. A 15-year saves on total interest but requires higher payments. With Jackson's median price of $165,000, most buyers choose the 30-year for affordability.
Compare Nearby Mortgage Markets
Explore mortgage rates and housing data in nearby cities to find the best market for your home purchase.