Who has low mortgage rates in North Carolina?
A good rate for a primary, single-family home in for , and credit score
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson Chief Data ScientistLenders with low rates in NC
It’s hard to find a lender in the good rate range—we’ve analyzed 442 lenders and found some likely to get you a good deal.
| Lender | Lender fees | Customer synopsis | |
|---|---|---|---|
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson Chief Data ScientistLenders in NC likely to have high rates
We dont accept advertising, so TrueRate can give the real lender story. We looked at 442 lenders and these lenders are likely to offer you a high rate.
| Lender | Lender fees | Summary | |
|---|---|---|---|
Insights
Whether a lender has high margins or is simply inefficient and passing their costs on to you, the result is the same—you’ll likely end up paying more for your home. Our data shows that if you choose these lenders you will likely regret it.
George Robinson Chief Data ScientistMethodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Great time for home buyers in North Carolina
In 2023, mortgage rates in North Carolina trended upward like everywhere else. At the beginning of the year, rates were hovering around the 6% to 6.5% range for a 30-year fixed mortgage. Not exactly the pandemic-era lows, but considering inflation was still making headlines, it wasn’t surprising. Throughout 2023, mortgage rates in North Carolina stayed in this range, fluctuating slightly depending on what the Federal Reserve decided to do with interest rates in their ongoing fight against inflation.
By mid-2023, rates ticked even higher, with some hitting the 7% mark. If you’re buying a home, that’s a pretty big jump compared to the past couple of years. But here’s the thing—North Carolina’s real estate market is still hot, especially in cities like Raleigh, Charlotte, and Durham. Even with higher rates, demand is strong, and people are still snapping up houses. Why? The state’s relatively affordable cost of living and strong job market are keeping people interested, despite the increase in borrowing costs.
Now, if you’re a first-time buyer or someone hoping to snag a deal, you’re probably watching these rates like a hawk—and you’re in luck. As of late 2024, they’re getting much lower, depending on your credit score and other factors. The good news is that North Carolina home prices aren’t as astronomical as some states (cough California), so even though interest rates are higher, you’re not totally drowning in costs.