Mortgage Rates in Olive Branch, Mississippi — March 2026
Updated March 2026 | Based on Olive Branch market data and regional lending conditions
Olive Branch is a growing city in Mississippi with a population of 42,606. The current 30-year fixed mortgage rate in Olive Branch is 6.75%, which is 0.1% above the national average. With a median home price of $255,000 and a 20% down payment of $51,000, homebuyers can expect a monthly principal and interest payment of approximately $1,323.
Current Mortgage Rates in Olive Branch, MS
Below are the current average mortgage rates available in the Olive Branch 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 | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.35% | 6.25% | +0.1% |
| VA | 6.15% | 6.05% | +0.1% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Olive Branch Housing Market Overview
The Olive Branch housing market offers relatively affordable housing compared to many major cities. The median household income in Olive Branch is $62,250, and the cost of living index is 85.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $63,986 to comfortably afford the median-priced home in Olive Branch, which exceeds the current median household income.
Monthly Payment Breakdown for Olive Branch
Based on the median home price of $255,000 with 20% down ($51,000), here is what you can expect to pay monthly in Olive Branch:
15-Year vs. 30-Year Mortgage in Olive Branch
Choosing a 15-year mortgage in Olive Branch at 5.99% instead of a 30-year at 6.75% would save you $166,680 in total interest over the life of the loan. However, your monthly payment would be $1,720 instead of $1,323 — an increase of $397 per month.
Calculate Your Olive Branch 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 Olive Branch
What are the current mortgage rates in Olive Branch, MS?
As of March 2026, the average 30-year fixed mortgage rate in Olive Branch, Mississippi is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.35% and VA loans 6.15%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Olive Branch?
Based on the median home price of $255,000 with 20% down, the estimated monthly mortgage payment in Olive Branch is $1,323 for principal and interest. Including property taxes of $170/month, the total monthly housing cost is approximately $1,493.
What income do I need to buy a home in Olive Branch?
Using the 28% rule, you would need an annual income of approximately $63,986 to afford the median-priced home in Olive Branch at $255,000. The median household income in Olive Branch is $62,250. This means most households would need to either earn above the median or consider homes below $255,000.
Is Olive Branch a good place to buy a home in 2026?
Olive Branch offers a below-average cost of living with a cost of living index of 85.5 (national average = 100). The property tax rate in Mississippi is 0.8%, which is below the national average. Olive Branch has a population of 42,606 and offers a very affordable lifestyle.
Mortgage Rates in Other Mississippi Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Olive Branch, Mississippi area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.