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North Carolina Mortgage Rates
When it comes to buying or refinancing a home in North Carolina, you’re in for a surprise. Mortgage rates in this state are extremely low, which means you could get your mortgage loan for a steal right now if you play your cards right.
Prior to the COVID-19 pandemic, we didn’t often see rates drop below 3%. These days, that’s the norm. As of mid-December, the average interest rate in North Carolina for a 30-year fixed rate loan was just 2.91%, just slightly higher than the national average of 2.86%.
With rates this low, you’d stand to save tens of thousands of dollars in interest over the life of your loan. So, if you’ve been considering a home purchase or refinance in North Carolina, you may want to make your move. Rates will increase when the economy stabilizes, and you don’t want to miss out on your opportunity to borrow money at such a low rate.
Mortgage Rates in North Carolina
The mortgage interest rate table below is updated daily to reflect the most current mortgage rates available in the market. According to Bankrate’s latest survey of the nation’s largest mortgage lenders, these are the current average rates for a 30-year fixed, 15-year fixed, FHA and VA mortgage rates.
|Product||Rate||Rate Last Week|
|30-Year Fixed Rate||2.990%||2.960%|
|20-Year Fixed Rate||2.790%||2.760%|
|15-Year Fixed Rate||2.440%||2.410%|
|10-Year Fixed Rate||2.340%||2.280%|
|30-Year FHA Rate||2.670%||2.630%|
|30-Year VA Rate||3.250%||2.750%|
Rates data based on Greensboro, North Carolina as of 1/13/2021
Mortgage Rates Trends
In this graph: On , the APR was for the 30-year fixed rate, for the 15-year fixed rate, and for the 5/1 adjustable-rate mortgage rate. These rates are updated almost every day based on Bankrate’s national survey of mortgage lenders.Toggle between the three rates on the graph and compare today’s rates to what they looked like in the past days.