Question 1

What are current mortgage rates in Louisiana?

Accepted Answer

As of March 2026, mortgage rates in Louisiana are in line with national averages. The 30-year fixed rate ranges from 6.5% to 7.2%, the 15-year fixed from 5.9% to 6.5%, and the 5/1 ARM from 5.8% to 6.4% for borrowers with good credit (700+). The best rates (starting at 6.5% for 30-year fixed) are available to borrowers with 750+ credit scores and 20%+ down payments.

Question 2

What is the Louisiana housing market like?

Accepted Answer

Louisiana's housing market is anchored by New Orleans and Baton Rouge. New Orleans is a unique market with high cultural desirability but also significant flood and hurricane risk, which drives insurance costs substantially above national averages. Baton Rouge has a more typical regional market driven by petrochemical industry and university employment. Buyers must carefully evaluate flood zone designations and insurance costs throughout the state.

Question 3

How do I get the best mortgage rate in Louisiana?

Accepted Answer

To get the best mortgage rate in Louisiana, compare quotes from at least 3–5 lenders including local banks, credit unions, and online lenders. A credit score of 750 or higher, a down payment of 20% or more, and a low debt-to-income ratio will qualify you for the lowest rates. Use our Loan Finder tool to identify which loan type best fits your situation.

Mortgage Rates in Louisiana Today

Current Rate Ranges in Louisiana

Louisiana Housing Market Overview