Current as low as Mortgage and Home Equity Rates
FreeRateUpdate publishes the as low as mortgage and home equity rates and APRs we can verify from the lenders and brokers in our network. Individual terms vary; the details and assumptions behind each figure are available below.
| Purpose | Product | Term | As low as rate | APR* |
|---|---|---|---|---|
| Purchase | Fixed mortgage | 30 years | 5.998% | 6.155% |
| Purchase | Fixed mortgage | 15 years | 5.625% | 5.929% |
| Refinance | Fixed mortgage | 30 years | 5.999% | 6.157% |
| Refinance | Fixed mortgage | 15 years | 5.625% | 5.947% |
| Refinance | Fixed mortgage | 10 years | 5.375% | 5.854% |
| Cash-out refinance | Fixed mortgage | 30 years | 5.999% | 6.193% |
| Cash-out refinance | Fixed mortgage | 10 years | 5.750% | 5.878% |
| Home equity | HELOC | Revolving | 6.450% | 6.450% |
| Home equity | Home equity loan | Fixed term | No publishable rate available today | — |
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Compare NC Mortgage Refinance Offers
Lower Your Interest Rate in North Carolina
If eligible, you can lower your interest rate. This could lead to lower payments and less money paid towards interest.
By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
Why should I lower my rate? |
Save money |
 |
Lower Payments |
Shorten Your Loan Term in North Carolina
Shorten your loan term when refinancing from a 30-year term to a 15-year term. You may also lower your rate.
Why should I shorten my term? |
Become mortgage-free quickly |
 |
Pay less interest |
Leverage Your Home's Equity in North Carolina
Take cash out of your home to apply to improvements, renovations, or other necessary expenses.
Why should I cash out? |
Renovations |
 |
Pay for other debts or emergencies |
North Carolina Mortgage Rates
From mountain communities to cities and the coast, North Carolina offers a broad mix of housing markets. Use the current table to review published scenarios, then compare lender terms for the same property and borrower assumptions.
Common North Carolina Loan Types:
- North Carolina conventional mortgages: Conventional mortgages are made by private lenders without FHA insurance or a VA guaranty. Loan availability, qualifications, down payment, mortgage insurance, rates, and fees depend on the lender, borrower, property, and program.
- North Carolina FHA loans: FHA-insured mortgages are made by FHA-approved lenders and are not limited to first-time buyers. Eligibility and down payment depend on the borrower and property; loan limits and mortgage insurance vary by location and loan details.
- North Carolina VA loans: VA-backed mortgages are made by private lenders for eligible borrowers who meet VA and lender requirements. Some qualified purchase borrowers may use no down payment, while entitlement, appraisal, occupancy, funding-fee rules and exemptions, and lender requirements still apply.
Program information: FHA (HUD) and VA.gov.
How to Compare North Carolina Mortgage Rates
Mortgage pricing available in North Carolina varies by loan type, lender, borrower profile, property, points, and market timing. Mortgage insurance, points, and lender fees can change total borrowing cost even when North Carolina offers display the same note rate.