Mortgage Rates in Laurel, Montana — March 2026
Updated March 2026 | Based on Laurel market data and regional lending conditions
Laurel is a growing city in Montana with a population of 7,150. The current 30-year fixed mortgage rate in Laurel is 6.89%, which is 0.24% above the national average. With a median home price of $334,000 and a 20% down payment of $66,800, homebuyers can expect a monthly principal and interest payment of approximately $1,758.
Current Mortgage Rates in Laurel, MT
Below are the current average mortgage rates available in the Laurel 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 | 6.89% | 6.65% | +0.24% |
| 15-Year Fixed | 6.1% | 5.89% | +0.21% |
| 5/1 ARM | 6.34% | 6.15% | +0.19% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.14% | 6.85% | +0.29% |
Laurel Housing Market Overview
The Laurel housing market reflects moderate demand with prices near the national average. The median household income in Laurel is $49,400, and the cost of living index is 100.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $84,043 to comfortably afford the median-priced home in Laurel, which exceeds the current median household income.
Monthly Payment Breakdown for Laurel
Based on the median home price of $334,000 with 20% down ($66,800), here is what you can expect to pay monthly in Laurel:
15-Year vs. 30-Year Mortgage in Laurel
Choosing a 15-year mortgage in Laurel at 6.1% instead of a 30-year at 6.89% would save you $224,460 in total interest over the life of the loan. However, your monthly payment would be $2,269 instead of $1,758 — an increase of $511 per month.
Calculate Your Laurel 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 Laurel
What are the current mortgage rates in Laurel, MT?
As of March 2026, the average 30-year fixed mortgage rate in Laurel, Montana is 6.89%, while the 15-year fixed rate is 6.1%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.24% above the national average of 6.65%.
How much is a monthly mortgage payment in Laurel?
Based on the median home price of $334,000 with 20% down, the estimated monthly mortgage payment in Laurel is $1,758 for principal and interest. Including property taxes of $203/month, the total monthly housing cost is approximately $1,961.
What income do I need to buy a home in Laurel?
Using the 28% rule, you would need an annual income of approximately $84,043 to afford the median-priced home in Laurel at $334,000. The median household income in Laurel is $49,400. This means most households would need to either earn above the median or consider homes below $334,000.
Is Laurel a good place to buy a home in 2026?
Laurel has a moderate cost of living with a cost of living index of 100.3 (national average = 100). The property tax rate in Montana is 0.73%, which is below the national average. Laurel has a population of 7,150 and offers a balanced lifestyle.
Mortgage Rates in Other Montana Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Laurel, Montana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.