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Richmond Mortgage Rates

Updated: May 22, 2024

Compare today's rates for Mortgage Refinance in VA

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Mortgage rates for Richmond, Virginia go down to 3.00%

Wednesday, May 22, 2024

Mortgage rates for Richmond, Virginia on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Richmond, Virginia is now at 4.56%.

Richmond Market Trends

Richmond is the capital of Virginia and was the capital of the Confederate States before and during the Civil War. The city is home to many monuments and other sites of American historical interest. Significant establishments in the Greater Richmond area are one of thirteen Court of Appeals (Fourth Circuit), and a Federal Reserve satellite (one of only twelve).

The average price/sqft was $124, an increase of 4.2% compared to last year. The median sales price for homes for October 13 to January 14 was $175,000 based on 472 home sales. Compared to one year ago, the median home sales price increased 3%, or $5,100, and the number of home sales decreased 6.7%. 

The average listing price for homes was $218,408 for the week ending January 1, which represents a decrease of 0.4%, or $972, compared to the previous week.

Notable communities in Richmond include The Fan and Church Hill, with average home listing prices of $357,796 and $335,777. will help you find the best mortgage interest rates by putting you in touch with a qualified Richmond mortgage lender who can find you the right loan.



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