Mississippi Mortgage Rates
Mississippi's real estate market is riding high, owing to several factors: 1) a high-quality selection of properties for sale, 2) opportunities for new enterprises to develop each year, 3) a high quality of life, and 4) a living cost that is 10% less than the national average. Complementing these and thus ensuring a bright future for Mississippi is affordable real estate. Since hurricane Katrina, a buyer's market has taken hold and revitalized the state. A new and transformed Biloxi is now in place, thanks to a major rebuilding and restoration effort. The city now nets one of the highest real estate appreciation rates in the country and is experiencing a record housing boom. Also posting healthy and rising appreciation levels are Hattiesburg, Jackson, and the Gulf in Pascagoula. Both Hattiesburg and Jackson are growing at a significant pace, due to new home building and as an increasing number of residents from southern Mississippi relocate to the northern part of the state.