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North Carolina

Current North Carolina Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in North Carolina. Review free, personalized mortgage rates for North Carolina based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in North Carolina. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for North Carolina as of April 7, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's North Carolina Mortgage Rates Compare?

April 7, 2020

The current average rate for a 30 year fixed rate mortgage in North Carolina is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
North Carolina Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in North Carolina?

Below we offer valuable insights on the housing market and real estate prices in North Carolina. Understand how much you need to make to buy a house in North Carolina, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in North Carolina is affordable for you. We provide this helpful information to help you decide if living in North Carolina is right for you.

The median home value for North Carolina is $210,802

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in North Carolina is $37,939

With this income, you could qualify for a $189,722 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in North Carolina is $879

The median household income for North Carolina is $54,696

Based on this income, you can afford a home valued at approximately $303,912

The home price you can afford to buy based on household income in North Carolina is 144% of the median home value which means housing prices are average. North Carolina ranks 25 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in North Carolina is average

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Additional Mortgage Resources for North Carolina Residents

Mortgage Rates for North Carolina Cities

Asheville Mortgage Rates

Burlington Mortgage Rates

Chapel Hill Mortgage Rates

Charlotte Mortgage Rates

Clayton Mortgage Rates

Concord Mortgage Rates

Durham Mortgage Rates

Fayetteville Mortgage Rates

Gastonia Mortgage Rates

Goldsboro Mortgage Rates

Greensboro Mortgage Rates

Greenville Mortgage Rates

Harnett Mortgage Rates

Hendersonville Mortgage Rates

Hickory Mortgage Rates

High Point Mortgage Rates

Jacksonville Mortgage Rates

Leland Mortgage Rates

Lumberton Mortgage Rates

Monroe Mortgage Rates

Mooresville Mortgage Rates

New Bern Mortgage Rates

Raleigh Mortgage Rates

Salisbury Mortgage Rates

Thomasville Mortgage Rates

Wilmington Mortgage Rates

Winston Salem Mortgage Rates