Nebraska Mortgage and Refinance Rates
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On Wednesday, May 20, 2026, the national average 30-year fixed mortgage APR is 6.65%. The national average 30-year fixed refinance APR is 6.78%, according to Bankrate's latest survey of the nation's largest mortgage lenders.
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Current mortgage rates in Nebraska
As of Wednesday, May 20, 2026, current mortgage interest rates in Nebraska are 6.41% for a 30-year fixed mortgage and 5.73% for a 15-year fixed mortgage.
As with most of the U.S., Nebraska's rates are hovering around 6.5%. Recent months have seen them nudging slightly higher in response to inflation driven by conflict in the Middle East. But Bankrate's experts warn against delaying a purchase just to try to time the market — remember that you can always refinance at a more favorable rate.
Refinance rates in Nebraska
In Nebraska, refinance rates average 6.45% for a 30-year fixed mortgage as of Wednesday, May 20, 2026. They're similar to purchase rates.
For most who purchased outside the unusual high rates of 2023 and 2024, refinancing likely doesn't make sense right now.
While rates aren’t as low as they were, a cash-out refinance could be an option now if you’re renovating or consolidating high-interest debt. According to Zillow, average home values are up 3.4% year-over-year as of April. You may have equity you could tap for lower rates than other types of debt.
Nebraska mortgage rates by loan type
| Product | Interest rate |
| 30-Year Fixed Rate | 6.41% |
| 15-Year Fixed Rate | 5.73% |
| 30-Year Fixed Rate Jumbo | 6.50% |
Rates as of Wednesday, May 20, 2026 at 6:30 AM
First-time homebuyer programs in Nebraska
There are several homebuyer assistance programs offered through the Nebraska Investment Finance Authority (NIFA) and partner lenders. These include:
- NIFA Homebuyer Assistance Program (HBA) Welcome Home: HBA offers down payment assistance. To qualify, you must have a credit score of 640 or higher, have an income below $175,000 and buy a house for less than $485,500 (limit jumps to $607,000 for two-unit properties), along with some other requirements.
- NIFA First Home program: If you're a first-time homebuyer who doesn’t need down payment assistance, the First Home program could be for you. In general, it comes with lower rates than the HBA program but has the same requirements.
How to find the best mortgage rate in Nebraska
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Step 1: Strengthen your credit score
Long before you start looking for a mortgage lender or applying for a loan, give your finances a checkup, and improve your credit score if needed.
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Step 2: Determine your budget
To find the right mortgage, you’ll need a good handle on how much house you can afford.
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Step 3: Know your mortgage options
There are a few different types of mortgages.
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Step 4: Compare rates and terms from several lenders
Rate-shop with at least three different banks or mortgage companies.
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Step 5: Get preapproved for a mortgage
Getting a mortgage preapproval is the only way to get accurate loan pricing for your specific situation.
Additional Nebraska mortgage resources
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