See the latest North Carolina mortgage rates for fixed rates: 30 year, 20, 15, 10 FHA, VA, Jumbo, plus variable rates: 10, 7, 5, 3 years. Also see how local rates compare nationally and main lending options available across the state.
Buying a home in North Carolina could be easier with today’s mortgage rates.
North Carolina Mortgage Rates –
The table below shows today’s home purchase mortgage rates for North Carolina, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.31% | 6.36% | 6.41% | |
| North Carolina | 6.31% | 6.36% | 6.41% | |
| Credit Unions | 5.91% | 5.96% | 6.11% | 8.9/10 |
| Online lenders | 6.01% | 6.06% | 6.21% | 8.4/10 |
| Banks | 6.31% | 6.36% | 6.41% | 8.5/10 |
| 30 year fixed | 6.31% | 6.36% | 6.41% | |
| 30 year fixed FHA | 6.59% | 6.64% | 6.69% | |
| 30 year fixed VA | 6.12% | 6.17% | 6.22% | |
| 30 year fixed Jumbo | 6.54% | 6.92% | 7.11% | |
| 20 year fixed | 6.19% | 6.24% | 6.29% | |
| 15 year fixed | 5.71% | 5.76% | 5.81% | |
| 10 year fixed | 5.66% | 5.71% | 5.76% | |
| 3 year ARM | 7.47% | 7.52% | 7.57% | |
| 5 year ARM | 6.51% | 6.56% | 6.61% | |
| 7 year ARM | 6.33% | 6.38% | 6.43% | |
| 10 year ARM | 6.29% | 6.34% | 6.39% | |
| Satisfaction | 8.3/10 | 8.0/10 | 7.5/10 |
Source: MFP’s Community Home Purchase Rates Survey from North Carolina members in the last 30 days.
How North Carolina Compares to National Averages
- North Carolina mortgage rates (6.31% for best credit scores) are in line with national averages (national average: 6.31%).
- Credit unions are more competitive: In North Carolina, credit unions offer 5.91%, banks 6.31%, online lenders 6.01%.
Mortgage Options in North Carolina
- 30 year fixed: 6.31% - most popular long-term option for predictable payments
- 20 year fixed: 6.19% - balance between payment size and interest savings
- 15 year fixed: 5.71% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.66% - shortest fixed-term option with competitive rates
- 10 year variable: 7.47% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.51% - A mid-term variable option...
- 5 year variable: 6.33% - Shorter-term variable mortgage...
- 3 year variable: 6.29% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
North Carolina Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Charlotte | 6.46% | 5.57% |
| Raleigh | 6.45% | 5.56% |
| Greensboro | 6.43% | 5.54% |
| Durham | 6.44% | 5.55% |
| Winston-Salem | 6.43% | 5.54% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Compare Lenders Rated by North Carolina Homeowners
North Carolina homeowners rated their mortgage lenders on:
- Ease of application
- Rates and terms offered
- Customer support and advice
- Overall recommendation %
See the Best Mortgage Lenders in North Carolina
FAQs North Carolina Mortgage Rates
Are home purchase rates higher in North Carolina than the U.S. average?
Yes, North Carolina rates typically run slightly above the national average due to strong housing demand and economic growth.
What credit score is best for buying a home in North Carolina?
A credit score of 720 or higher will generally secure the most competitive mortgage rates from North Carolina lenders.
Is it better to choose a fixed-rate or ARM in North Carolina?
Fixed-rate mortgages offer payment stability for long-term residents, while ARMs may benefit those planning to move or refinance within a few years.
More North Carlina Home Information:
North Carolina Best Mortgage Lenders
North Carolina Best Home Insurance from Community Recommendations & Insurance Costs
More Resources for North Carolina Homeowners.