Shreveport, Louisiana Mortgage Refinance Interest Rates
Discover the latest mortgage interest rates to make informed decisions about your home refinancing.
Interest rate over time in Shreveport, Louisiana
Timeframe
Daily refinance averages provided by the Mortgage Research Center.
Compare mortgage rates in Shreveport, Louisiana
Showing results for: 15-Year Fixed refinance offers for Single Family or Townhome properties in LA, total loan amount of $228,000.
| Lender | APR / Rate | Monthly Payment | |
|---|---|---|---|
Rate data provided by RateUpdate.com. Displayed by Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Rates and fees are estimates and subject to change without notice. Payments do not include taxes and insurance premiums. Actual payments may be higher. Not all lenders participate in this marketplace. Loan availability and terms may vary by state and lender. Lender offers, including badges like “Lowest APR” or “Lowest Payment,” are based only on results displayed here and may not reflect the absolute lowest offer available in the market. Rate and product details
Should You Refinance in Shreveport?
4.9% annual appreciation
· Data updated 6/7/2026In Shreveport's stable market, refinancing decisions should focus on interest rate comparisons. Even a 0.5% rate reduction can result in significant savings over the life of your loan.
Local Market Context
Shreveport, Louisiana homes have a median value of $88,400, with 4.9% year-over-year appreciation. Consistent home values provide a solid foundation for refinancing decisions focused on lowering interest rates and monthly payments.
Estimated Monthly Payment in Shreveport
Based on the median home price of $88,400 with 20% down at 6.58% (30-year fixed):
| Principal & Interest | $450.72/mo |
| Property Tax | $41/mo |
| Homeowner's Insurance (est.) | $125/mo |
| Estimated Total (PITI) | $617/mo |
Rate Savings Scenarios for Shreveport
How your monthly principal & interest payment changes at different rates (20% down on $88,400 median home):
| Interest Rate | Monthly P&I | vs. Current Rate |
|---|---|---|
| Current rate (6.58%) | $451 | — |
| 6.08% (–0.5%) | $428 | –$23/mo |
| 5.58% (–1.0%) | $405 | –$46/mo |
Down Payment Impact in Shreveport
Monthly principal & interest at 6.58% for different down payments on the $88,400 median home:
| Down Payment | Loan Amount | Monthly P&I |
|---|---|---|
| 10% down ($8,840) | $79,560 | $507 |
| 15% down ($13,260) | $75,140 | $479 |
| 20% down ($17,680) | $70,720 | $451 |
Property Tax Impact
Property taxes in Shreveport, Louisiana average 0.55% of home value, which is lower compared to the national average. When refinancing, it's important to remember that your total monthly payment includes these taxes (approximately $41 per month for a median-valued home). A lower interest rate might reduce your principal and interest payment, but your property tax portion stays the same.
Louisiana ranks 41st (very low) nationally for property taxes, which directly affects your total monthly payment when buying or refinancing.
Cost of Living Context
Shreveport's cost of living is 2% below the national average (index: 98), meaning housing costs tend to run lower than typical — which may allow for higher purchasing power when buying or refinancing.
Calculate Your Exact Refinance Savings
Get a personalized analysis based on your specific mortgage details, compare multiple offers, and see your break-even point.
Use Refinance CalculatorSmart Refinancing Strategies for Shreveport Homeowners
Hey Shreveport! Our local market offers highly accessible housing and steady growth. This stability is a huge advantage when you are calculating your home equity.
FHA to Conventional & Your LTV
Because Shreveport is incredibly affordable, almost all buyers utilize FHA, USDA, or VA loans. Refinancing relies on your Loan-to-Value (LTV) ratio.
With your home value growing 6.9%, you are building excellent equity. When your LTV dips under 80%, refinancing from an FHA loan into a standard Conventional loan is one of the smartest moves you can make to eliminate monthly mortgage insurance.
Property Tax Tip for Shreveport Homeowners
Because your home value and taxes are so low, fixed closing costs can feel like a larger percentage of your loan. Look for "no-closing-cost" refinance options where the lender covers the fees in exchange for a slightly higher rate.
Hero & Housing Programs for Shreveport
The LHC provides incredible statewide support. Explore their specific programs for military members (highly relevant for Barksdale AFB personnel) to ensure you are maximizing your benefits.
What Interest Rate Drop Makes Refinancing Worth It in Shreveport?
In Shreveport's stable market with 4.9% annual appreciation, refinancing is generally worthwhile when you can reduce your rate by at least 0.75-1%. For a $88,400 home with an 80% LTV ($70,720 loan), dropping from 7% to 6% saves approximately $140/month. With typical closing costs around $1,768, you'd break even in about 13 months. If you plan to stay in your home at least 2 years, refinancing makes financial sense.
How Do I Calculate My Break-Even Point for Refinancing in Shreveport?
Calculate your break-even point by dividing total closing costs by monthly savings. In Shreveport, closing costs typically run 2-3% of your loan amount. If you're refinancing $70,720 (80% of Shreveport's $88,400 median home value), expect around $1,768 in costs. Compare your current monthly payment to your new payment including the 0.55% property tax, insurance, and the new principal/interest. If refinancing saves $150/month, your break-even is 12 months. Don't forget to factor in how long you plan to keep the home.
Should I Refinance from a 30-Year to 15-Year Mortgage in Shreveport?
Shortening your term from 30 to 15 years can save substantial interest and typically offers rates 0.5-0.75% lower. On Shreveport's median home value of $88,400, you could save over $100,000 in interest over the loan's life. However, monthly payments increase significantly-a $70,720 loan at 6% jumps from approximately $480/month (30-year) to $616/month (15-year at 5.5%). Refinance to a 15-year if you can comfortably afford the higher payment and want to build equity faster in Shreveport's stable market.
Can I Refinance If I Still Have PMI in Shreveport?
Yes, and eliminating PMI is often a primary refinancing goal. PMI typically costs 0.5-1% of your loan amount annually. On a $70,720 mortgage in Shreveport, that's $200-400/month. With 4.9% annual appreciation plus principal paydown, you may have crossed the 80% LTV threshold. If you purchased with 5-10% down 3-4 years ago, appreciation likely brought you to 20%+ equity. Refinancing removes PMI permanently (unlike conventional loans where it can take years to cancel), immediately lowering your payment even if you get the same interest rate.
Is a No-Closing-Cost Refinance a Good Deal in Shreveport?
No-closing-cost refinances roll $2,122 in typical closing costs into your loan balance or offset them with a slightly higher interest rate (usually 0.25-0.5% higher). In Shreveport's stable market, this makes sense if you plan to move within 3-5 years, avoiding the $12-month break-even period on traditional refinances. However, if you're staying long-term, paying closing costs upfront and getting a lower rate saves more money over time. Calculate both scenarios: upfront costs with lower rate versus no costs with higher rate over your expected timeline.