Maine Mortgage Rates Went Down While Most States Saw Increases

Our state ranks among the states where mortgage rates are increasing the least this year.

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mortgage Scrabble tiles — Photo by Precondo CA on Unsplash

WalletHub compared mortgage interest rates across all 50 states using its proprietary user data and found that average rates increased in 37 states from the first quarter to the second quarter of 2026.

Average rates for 30-year fixed mortgages have remained above 6% during 2026, while rates for 15-year fixed loans have dipped slightly below that level.

Maine ranked 44th among states for increases in mortgage interest rates from the first to the second quarter of 2026.

Its average rate was 5.26% in the second quarter, down 0.58% from the first quarter.

Calculator, piggy bank, and house model on blue background — Photo by Sasun Bughdaryan on Unsplash

WalletHub analyst Chip Lupo said rising home prices and housing shortages have made it harder to buy a house.

While mortgage rates remain elevated nationally, average rates were still below the highs reached last year.

Two men shaking hands over a house model and keys — Photo by Tuấn 123 on Unsplash

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And there you have it! Maine was one of just 13 states where the average mortgage interest rate declined from the first to the second quarter of 2026.

What are your thoughts on these findings? We’d love to hear from you! Feel free to join the conversation by messaging us on the app.

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