See current North Carolina Refinance fixed rates (30 Year, 20, 15, 10, FHA, VA and Jumbo), variable rates (10 year, 7, 5, 3), Cash Out rates, plus comparisons with national averages and lender types. Refinancing in North Carolina can help lower your monthly payment, shorten your loan term, or tap into equity with a cash-out refinance.
North Carolina Refinance Rates –
Find community reported rates by North Carolina homeowners (rates are average APR).
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.54% | 6.59% | 6.64% | |
| North Carolina | 6.54% | 6.59% | 6.64% | |
| Credit Unions | 6.13% | 6.19% | 6.34% | 9.5/10 |
| Online lenders | 6.24% | 6.29% | 6.44% | 8.2/10 |
| Banks | 6.54% | 6.59% | 6.64% | 7.4/10 |
| 30 year fixed | 6.54% | 6.59% | 6.64% | |
| 30 year fixed FHA | 6.74% | 6.79% | 6.84% | |
| 30 year fixed VA | 6.27% | 6.32% | 6.37% | |
| 30 year fixed Jumbo | 6.65% | 6.89% | 7.08% | |
| 20 year fixed | 6.39% | 6.44% | 6.49% | |
| 15 year fixed | 5.83% | 5.88% | 5.93% | |
| 10 year fixed | 5.76% | 5.81% | 5.86% | |
| 3 year ARM | 7.57% | 7.62% | 7.67% | |
| 5 year ARM | 6.61% | 6.66% | 6.71% | |
| 7 year ARM | 6.43% | 6.48% | 6.53% | |
| 10 year ARM | 6.39% | 6.44% | 6.49% | |
| Satisfaction | 9.4/10 | 8.1/10 | 8.4/10 |
Source: MFP’s Community Home Refinance Rates Survey of NC homeowner members in the last 30 days.
Cash Out Refinance Rates in North Carolina –
Find community reported cash-out refinance rates by North Carolina homeowners (rates are average APR).
| Credit Score | |||
|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | |
| Nationally | 6.66% | 6.79% | 6.91% |
| North Carolina | 6.66% | 6.79% | 6.91% |
| Credit Unions | 6.26% | 6.39% | 6.61% |
| Online lenders | 6.36% | 6.49% | 6.71% |
| Banks | 6.66% | 6.79% | 6.91% |
| 30 year fixed | 6.66% | 6.79% | 6.91% |
| 30 year fixed FHA | 6.87% | 6.99% | 7.12% |
| 30 year fixed VA | 6.39% | 6.52% | 6.64% |
| 30 year fixed Jumbo | 6.77% | 6.90% | 7.02% |
| 20 year fixed | 6.51% | 6.64% | 6.77% |
| 15 year fixed | 5.96% | 6.08% | 6.21% |
| 10 year fixed | 5.88% | 6.01% | 6.13% |
| 3 year ARM | 7.70% | 7.82% | 7.95% |
| 5 year ARM | 6.74% | 6.86% | 6.99% |
| 7 year ARM | 6.55% | 6.68% | 6.80% |
| 10 year ARM | 6.51% | 6.64% | 6.77% |
Source: MFP’s Community Home Refinance Rates Survey of North Carolina members in the last 30 days.
How North Carolina Compares to National Averages
- North Carolina refinance rates (6.54% for best credit scores) are in line with national averages (national average: 6.54%).
- Credit unions are more competitive: In North Carolina, credit unions offer 6.38%, banks 6.63%, online lenders 6.49%.
- Borrower satisfaction: Credit unions 8.7/10, Online lenders 8.4/10, Banks 8.1/10.
Refinance Options in North Carolina
- 30-year Fixed: At 6.54% APR for excellent credit, North Carolina's most popular choice for stable long-term payments with predictable monthly costs
- 30-year Fixed FHA: At 6.74% APR for excellent credit, government-backed programs with competitive terms and flexible qualification requirements
- 30-year Fixed VA: At 6.27% APR for excellent credit, exclusive to eligible veterans and military members, featuring North Carolina's most competitive rates
- 30-year Fixed Jumbo: At 6.65% APR for excellent credit, for high-value homes with competitive jumbo mortgage terms
- 20-year Fixed: At 6.39% APR for excellent credit, a balanced option between shorter and longer terms with moderate payments
- 15-year Fixed: At 5.83% APR for excellent credit, lower interest rates but higher monthly payments, ideal for building equity faster
- 10-year Fixed: At 5.76% APR for excellent credit, the shortest fixed-term option with competitive rates for rapid equity building
- Adjustable-rate mortgages (ARMs): Various terms including 3-year (7.57% APR), 5-year (6.61% APR), 7-year (6.43% APR), and 10-year (6.39% APR) options that start lower but may adjust upward after initial fixed period
Metro Area Rates
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Charlotte | 6.68% | 5.69% |
| Raleigh | 6.67% | 5.68% |
| Greensboro | 6.66% | 5.67% |
| Winston-Salem | 6.67% | 5.66% |
| Fayetteville | 6.66% | 5.66% |
* APR Rates shown are for borrowers with the best credit scores. Click the city name to see community recommended lenders and ratings
Compare Lenders Rated by NC Homeowners
North Carolina homeowners give their highest satisfaction ratings to credit unions (8.8/10), followed by online lenders (8.4/10) and banks (8.1/10).
See our full list of Best Mortgage Refinance Lenders in North Carolina recommended by local borrowers.
FAQs – North Carolina Refinance Rates
Are refinance rates lower in North Carolina than the U.S. average?
Yes. NC rates are typically about 0.05–0.06 percentage points above the national benchmarks across most credit score ranges.
Do credit unions offer better refinance deals in North Carolina?
Often, yes. Credit unions show the lowest rates statewide—around 6.26% for top credit borrowers—plus the highest customer satisfaction.
Which loan programs are popular among North Carolina homeowners?
Most choose 30-year fixed refinances for stability, while VA loans are especially attractive for veterans due to lower-than-average rates (6.27%).
More Info for North Carolina Homeowners:
North Carolina Best Refinance Lenders from Community recommendations
North Carolina Home Equity Loan & North Carolina HELOC Rates
Loans Comparison Calculator: Calculate Heloc, Cash-Out, Home Equity, Renovation Loan.
North Carolina Best Home Insurance from Community recommendations & Costs
More Resources for NC Homeowners.