Mortgage Rates in Howard, Wisconsin — March 2026
Updated March 2026 | Based on Howard market data and regional lending conditions
Howard is a growing city in Wisconsin with a population of 20,031. The current 30-year fixed mortgage rate in Howard is 6.61%, which is 0.04% below the national average. With a median home price of $191,000 and a 20% down payment of $38,200, homebuyers can expect a monthly principal and interest payment of approximately $977.
Current Mortgage Rates in Howard, WI
Below are the current average mortgage rates available in the Howard area as of March 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 | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Howard Housing Market Overview
The Howard housing market offers relatively affordable housing compared to many major cities. The median household income in Howard is $61,400, and the cost of living index is 85.3 (national average = 100). Based on the 28% affordability rule, the median income in Howard is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Howard
Based on the median home price of $191,000 with 20% down ($38,200), here is what you can expect to pay monthly in Howard:
15-Year vs. 30-Year Mortgage in Howard
Choosing a 15-year mortgage in Howard at 5.88% instead of a 30-year at 6.61% would save you $121,320 in total interest over the life of the loan. However, your monthly payment would be $1,280 instead of $977 — an increase of $303 per month.
Calculate Your Howard 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 Howard
What are the current mortgage rates in Howard, WI?
As of March 2026, the average 30-year fixed mortgage rate in Howard, Wisconsin is 6.61%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Howard?
Based on the median home price of $191,000 with 20% down, the estimated monthly mortgage payment in Howard is $977 for principal and interest. Including property taxes of $272/month, the total monthly housing cost is approximately $1,249.
What income do I need to buy a home in Howard?
Using the 28% rule, you would need an annual income of approximately $53,529 to afford the median-priced home in Howard at $191,000. The median household income in Howard is $61,400. The median income is currently sufficient to meet this threshold.
Is Howard a good place to buy a home in 2026?
Howard offers a below-average cost of living with a cost of living index of 85.3 (national average = 100). The property tax rate in Wisconsin is 1.71%, which is above the national average. Howard has a population of 20,031 and offers a very affordable lifestyle.
Mortgage Rates in Other Wisconsin Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Howard, Wisconsin area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.