Mortgage rates can vary significantly by state. Here’s why – and which states have the lowest rates.

Not all markets are created equal,” Curinos’ director of real estate lending solutions tells MarketWatch’s Aarthi Swaminathan in a recent article on the current state of mortgage rates. According to Curinos LendersBenchmark data, median funded rates differ from state to state by up to 38 basis points, propelled by a variety of financial, legal and behavioral factors.