If house hunting is in your future, know that location impacts mortgage rates more than many buyers realize. Interest rates can vary significantly from city to city for reasons that go far beyond home values of that location.
For example, the median home sale price for a 30-year mortgage in Rochester, New York, reported by Zillow on Jun. 30, 2025, was only $238,173, however, the interest rate is 6.875%, which is higher than many other cities.
