North Carolina Mortgage and Refinance Rates for July 2026 Mortgage and Refinance Rates

As of Friday, July 03, 2026, current interest rates in North Carolina are 6.58% for a 30-year fixed mortgage and 5.79% for a 15-year fixed mortgage.

In line with national trends, mortgage rates in North Carolina continue to hover above 6%. While Bankrate forecasts that interest rates will stay around — or even drop below — 6% for the remainder of 2026, rates suffered some volatility early this year driven by the conflict with Iran and resulting increases in oil prices and inflation. 

Unlike mortgage rates, North Carolina refinance rates have been edging downward. If you bought your home within the last couple years at a higher rate, refinancing might make sense. But with so many North Carolinians locked into low, pandemic-era mortgage rates, refinancing is on the decline — down 1.3% YoY as of February 2025 ATTOM data.

Alternatively, if you’ve owned your property for a long time in The Tar Heel State, you might benefit from doing a cash-out refinance now to accomplish goals like remodeling your home.

North Carolina’s housing markets and home values vary widely, from the metro areas of Charlotte and Raleigh-Durham to the coastal vibe of the Outer Banks to the mountainous region around Asheville. Use the statistics below as an entry point, but research more about how quickly homes are selling — and for how much — in the local market where you’re browsing.

• • Median single-family home sales price, February 2026: $360,000
  • Median down payment, Feb. 2025: $62,812
  • One-year change in median sales price all properties: +1.6% YoY
  • Median days on market: 90

Sources: NC Realtors, ATTOM, Redfin

Whether you’re hoping to buy a beachside condo in Wilmington, a home in a college town like Raleigh or Chapel Hill or an estate somewhere in tobacco country, you’ve got many options to borrow the funds, including:

• North Carolina conventional mortgages: To qualify for a conventional mortgage, you’ll need a minimum credit score of 620 and a debt-to-income (DTI) ratio of no more than 45%. If you make a down payment of less than 20%, you’ll need to pay private mortgage insurance (PMI), as well.
• North Carolina FHA loans: If your credit history disqualifies you from a conventional mortgage, you might be able to obtain a loan insured by the Federal Housing Administration (FHA). If you have a down payment of at least 3.5%, you could qualify for this loan type with a credit score as low as 580. 
• North Carolina VA loans: If you’re a veteran or active-duty member of the military, you might qualify for a mortgage guaranteed by the Department of Veterans Affairs (VA). A VA loan doesn’t require a down payment or mortgage insurance, but you do need to pay a funding fee, which ranges from 1.25-2.15% for first use.
• North Carolina jumbo loans: The conforming loan limit across the Tar Heel State is the same, no matter what county you’re considering as a buyer: $806,500. If you’re looking to buy a high-priced luxury property and need to borrow more than that amount, you'll have to compare lenders that offer jumbo loans. And before you do, you’ll want to get your credit in the best shape possible — at least a 680 score — and have at least a 10% down payment.

The North Carolina Housing Finance Agency (NCHFA) helps connect first-time homebuyers to low-interest mortgages and no-interest down payment assistance loans, including:

• NC Home Advantage Mortgage and down payment assistance: A fixed-rate mortgage for borrowers with a credit score of at least 640 and within income limits for their area; can be used for single-family homes, duplexes, condos, townhouses or new manufactured homes (with a minimum credit score of 660).
• NC 1st Home Advantage Down Payment: If you qualify for an NC Home Advantage Mortgage, you may also be eligible for this program, which provides up to $15,000 in down payment assistance. The assistance is provided as a zero-interest deferred second mortgage and is completely forgivable after 15 years.

Additional North Carolina mortgage resources