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.
November 13, 2019
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%
The median home value for North Carolina is $198,084
The median household income for North Carolina is $53,448
Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in North Carolina is $36,751
The home price you can afford to buy based on household income in North Carolina is 145% of the median home value which means housing prices are average. North Carolina ranks 27 out of 50 states for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the real estate market in North Carolina is average
Learn what price home you can afford to buy in North Carolina
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
FREEandCLEAR Housing Affordability Index