Mortgage Rates in Eau Claire, Wisconsin — April 2026
Updated April 2026 | Based on Eau Claire market data and regional lending conditions
With a population of 69,421, Eau Claire, Wisconsin offers a lower cost of living than most metro areas. The current 30-year fixed rate here is 6.71% (0.62% above the national average). The median home price of $235,000 translates to roughly $1,559/month with 20% down — requiring an income of about $66,814, which exceeds the local median of $48,250.
Whether you call it a 30-year mortgage, 30-year home loan, 30-year house loan, or 30-year mortgage loan, the underlying product is the same: a fixed-rate amortizing loan paid over 360 months. In Eau Claire, WI, the current 30-year rate is 6.71%. Shorter terms (15-year fixed at 5.95% or 20-year fixed, typically priced between the 15- and 30-year) reduce total interest paid but increase monthly payments — see our 15-year vs 30-year comparison for the math. Government-backed options include FHA loans (6.31%) and VA loans (6.11%), often available at lower rates with reduced down payment requirements.
Current Mortgage Rates in Eau Claire, WI
Below are the current average mortgage rates available in the Eau Claire area as of April 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.71% | 6.09% | +0.62% |
| 15-Year Fixed | 5.95% | 5.58% | +0.37% |
| 5/1 ARM | 6.21% | 5.95% | +0.26% |
| FHA | 6.31% | 5.85% | +0.46% |
| VA | 6.11% | 5.65% | +0.46% |
| Jumbo | 6.91% | 6.25% | +0.66% |
Eau Claire Housing Market Overview
At $235,000, Eau Claire offers more affordable housing than most U.S. metros. The local cost of living index is 89.5 (100 = national average), and the median household income of $48,250 still requires careful budgeting at current rate levels.
Monthly Payment Breakdown for Eau Claire
Based on the median home price of $235,000 with 20% down ($47,000), here is what you can expect to pay monthly in Eau Claire:
15-Year vs. 30-Year Mortgage in Eau Claire
Choosing a 15-year mortgage in Eau Claire at 5.95% instead of a 30-year at 6.71% would save you $152,460 in total interest over the life of the loan. However, your monthly payment would be $1,581 instead of $1,214 — an increase of $367 per month.
Calculate Your Eau Claire Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Eau Claire
What are the current mortgage rates in Eau Claire, WI?
As of April 2026, the average 30-year fixed mortgage rate in Eau Claire, Wisconsin is 6.71%, while the 15-year fixed rate is 5.95%. FHA loans average 6.31% and VA loans 6.11%. These rates are 0.62% above the national average of 6.09%.
How much is a monthly mortgage payment in Eau Claire?
Based on the median home price of $235,000 with 20% down, the estimated monthly mortgage payment in Eau Claire is $1,214 for principal and interest. Including property taxes of $345/month, the total monthly housing cost is approximately $1,559.
What income do I need to buy a home in Eau Claire?
Using the 28% rule, you would need an annual income of approximately $66,814 to afford the median-priced home in Eau Claire at $235,000. The median household income in Eau Claire is $48,250. This means most households would need to either earn above the median or consider homes below $235,000.
Is Eau Claire a good place to buy a home in 2026?
Eau Claire offers a below-average cost of living with a cost of living index of 89.5 (national average = 100). The property tax rate in Wisconsin is 1.76%, which is above the national average. Eau Claire has a population of 69,421 and offers a very affordable lifestyle.
Mortgage Rates in Other Wisconsin Cities
Related Tools & Guides
📊 Sources & Methodology
- 30-yr/15-yr fixed rates: Freddie Mac Primary Mortgage Market Survey (PMMS), weekly national average adjusted for Wisconsin regional spread.
- Median home price: $235,000 sourced from Redfin / Zillow real estate listings (2026 data).
- Property tax rate: 1.76% effective rate per Tax Foundation 2026 state property tax data.
- Median household income: $48,250 per US Census Bureau ACS 5-year estimate.
- Calculations: standard amortization formula M = P[r(1+r)^n] / [(1+r)^n − 1], with r = monthly rate, n = 360 months, P = loan amount (80% of home price).
Last updated: April 2026. Rates are approximate averages based on regional lending data for the Eau Claire, Wisconsin area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.