With the average interest rate on mortgages increasing in 44 of the 50 states between the first and second quarter, the personal-finance website WalletHub recently released its new report, “The States Where Mortgage Interest Rates Are Increasing the Most.”

The analysis is based on proprietary user data.

The top 10 states where the rates were increasing the most were Colorado, Missouri, Louisiana, South Carolina, South Dakota, North Dakota, Oklahoma, North Carolina, Vermont and Tennessee.

The top 10 states where mortgage rates were increasing the least were New Jersey, Nevada, Pennsylvania, Alaska, Connecticut, Utah, Montana, Rhode Island, Texas and Idaho.

“It’s a difficult time to buy a house, given that home prices have risen astronomically over the past few years and housing shortages make it hard to find the right place even if you have the money,” WalletHub Analyst Chip Lupo said in the survey. “Consumers’ home-buying struggles are exacerbated by the fact that the average mortgage interest rate increased in all but six states between Q1 2024 and Q2 2024. Although interest rates are still down a bit from the highs we saw last year, they’re a far cry from the historic lows during the pandemic.”

Additionally, Lupo pointed out that Colorado had the largest increase in the average mortgage interest rate between the first and second quarter, at around 4.9 percent.

“This is significantly higher than the increase in other states, with only one other state even having an increase above 3 percent and most increasing by less than 2 percent,” Lupo added. “Even with this big increase, though, the average mortgage interest rate in Colorado rose to only 5.7 percent in Q2 2024, making it the 29th-most expensive state.”