Mortgage Refinance Rates in Mississippi (2026)
With Mississippi's median value near $190,000, a homeowner refinancing a typical $129,000 balance from about 7.50% to 6.25% saves roughly $108/month — breaking even on ~$3,225 of costs near month 30.
Most Mississippi owners have built real equity. A cash-out refinance can tap up to 80% of value, and a rate-and-term refinance simply lowers the payment. Mississippi uses the $806,500 conforming baseline statewide.
Refinance snapshot by Mississippi county
| County | Est. Value | 2026 Conforming Limit | Tier |
|---|---|---|---|
| Jackson County | $190,000 | $806,500 | Baseline |
| Rankin County | $190,000 | $806,500 | Baseline |
| Madison County | $190,000 | $806,500 | Baseline |
| Jones County | $190,000 | $806,500 | Baseline |
| Lee County | $190,000 | $806,500 | Baseline |
| Forrest County | $190,000 | $806,500 | Baseline |
| Lauderdale County | $190,000 | $806,500 | Baseline |
| Lowndes County | $190,000 | $806,500 | Baseline |
| Lafayette County | $190,000 | $806,500 | Baseline |
| Pearl River County | $190,000 | $806,500 | Baseline |
| Lamar County | $190,000 | $806,500 | Baseline |
| Pike County | $190,000 | $806,500 | Baseline |
| Washington County | $190,000 | $806,500 | Baseline |
| Warren County | $190,000 | $806,500 | Baseline |
| Marshall County | $190,000 | $806,500 | Baseline |
| Oktibbeha County | $190,000 | $806,500 | Baseline |
| Hancock County | $190,000 | $806,500 | Baseline |
| Adams County | $190,000 | $806,500 | Baseline |
| Monroe County | $190,000 | $806,500 | Baseline |
| Panola County | $190,000 | $806,500 | Baseline |
| Tate County | $190,000 | $806,500 | Baseline |
| Yazoo County | $190,000 | $806,500 | Baseline |
| Hinds County | $165,000 | $806,500 | Baseline |
| Harrison County | $235,000 | $806,500 | Baseline |
| DeSoto County | $330,000 | $806,500 | Baseline |
Should you refinance in Mississippi?
It comes down to your break-even. Take your closing costs (often 2-5% of the balance) and divide by your monthly savings — if you will stay in the home past that month count, refinancing usually wins. Cash-out makes sense when the rate and use of funds beat your other borrowing options.
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Frequently Asked Questions
- How much can refinancing save in Mississippi?
- On a $129,000 balance near the Mississippi median, dropping from ~7.50% to 6.25% saves about $108/month. Your figure depends on your current rate and balance.
- What is the conforming loan limit in Mississippi for 2026?
- Most Mississippi counties use the $806,500 baseline; high-cost counties go up to $1,209,750. Above that, refinances are jumbo loans.