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Fayetteville

Current Mortgage Rates in Fayetteville, North Carolina

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

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

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Mortgage Rates in Fayetteville, NC as of August 19, 2019
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Get Personalized Mortgage Quotes for Fayetteville, NC

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

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.

How Do Today's Fayetteville, NC Mortgage Rates Compare?

August 19, 2019

The current average rate for a 30 year fixed rate mortgage in Fayetteville 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
Fayetteville, NC Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Fayetteville, North Carolina?

The median home value for Fayetteville, NC (Cumberland County) is $151,242

The median household income for Fayetteville, NC (Cumberland County) is $46,105

Based on current mortgage rates and a 10% down payment, you need to make $28,060 per year to buy the median priced home in Fayetteville

The home price you can afford to by based on household income in Fayetteville is 164% of the median home value which means housing prices are average

Fayetteville (Cumberland County) ranks 49 out of 100 counties in North Carolina and 2,294 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Fayetteville, NC is average

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Loan Limits for Fayetteville, North Carolina

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Fayetteville (Cumberland County) below.

Conforming loan limits for Fayetteville, NC

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Fayetteville, NC

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Fayetteville, NC

1 unit: $484,350

Additional Mortgage Resources for Fayetteville, NC Residents

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Sources

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/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index