Current Mortgage Rates in Durham, NC

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Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Fixed	6.875%	7.697%	1.898	$2,866
VA 30-Year Fixed	6.750%	7.147%	1.919	$2,825
Conventional 15-Year Fixed	6.625%	7.098%	2.118	$3,600
Conventional 30-Year Fixed	7.125%	7.439%	2.246	$2,885
Jumbo 30-Year Fixed	7.125%	7.347%	2.050	$7,498

Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Refinance	7.000%	7.862%	2.415	$2,896
VA 30-Year Refinance	7.000%	7.291%	2.333	$2,867
Conventional 15-Year Refinance	6.875%	7.362%	2.359	$3,648
Conventional 30-Year Refinance	7.375%	7.684%	2.356	$2,944
Jumbo 30-Year Refinance	7.250%	7.502%	2.250	$7,579

Loan Type	Rate	APR	Points	Est. Monthly Payment

FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 7.697% APR and $2,866 monthly payment at 70% loan-to-value (LTV) and 1.898 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.

VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 7.147% APR and $2,825 monthly payment at 70% loan-to-value (LTV) and 1.919 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.

Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.098% APR and $3,600 monthly payment at 70% loan-to-value (LTV) and 2.118 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.

Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.439% APR and $2,885 monthly payment at 70% loan-to-value (LTV) and 2.246 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.

Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 7.347% APR and $7,498 monthly payment at 70% loan-to-value (LTV) and 2.050 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Estimated property taxes are based on a 0.80% effective rate for Durham County, North Carolina, applied to the property value for each scenario shown. Rate is median real estate tax paid by households with a mortgage divided by median home value, per the American Community Survey 2020–2024. Taxes shown are an estimate only and vary by property.

Estimated homeowners insurance is based on an average annual premium of $2,326 for Durham, NC, divided by twelve. That average covers existing homes of all values in the area, not the property value shown. Insurance shown is an estimate only and varies by property, coverage and carrier.

FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 7.862% APR and $2,896 monthly payment at 70% loan-to-value (LTV) and 2.415 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.

VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 7.291% APR and $2,867 monthly payment at 70% loan-to-value (LTV) and 2.333 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.

Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.362% APR and $3,648 monthly payment at 70% loan-to-value (LTV) and 2.359 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.

Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.684% APR and $2,944 monthly payment at 70% loan-to-value (LTV) and 2.356 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.

Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 7.502% APR and $7,579 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Estimated monthly payment includes principal, interest, estimated Durham, NC property taxes, and estimated homeowners insurance.

Durham housing market at a glance

September 2026 data

In Durham, homes are selling in about 81 days (28 slower than a year ago), sales are up 24.7% from last year, and about 26% of listings have had a price cut.

Median sale price

$414,900

$213 per sq. ft.

Homes sold

2,202

▲ 24.7% vs. 1,766 last year

Days on market

vs. 53 days last year

Homes for sale

2,027

140 new listings

Listings with a price cut

26%

520 of 2,027 listings

Source: Movoto Durham, NC market trends, September 2026. Last updated October 5, 2026.

What it costs to buy a home in Durham

Monthly payments on Durham's median home price of $414,900 (September 2026), at today's rates.

20% down · Conventional

$2,707/mo

Down payment: $82,980
Loan amount: $331,920
Rate: 7.125%
Principal & interest: $2,236
Est. property tax: $277
Est. homeowners insurance: $194

5% down · Conventional

$3,126/mo

Down payment: $20,745
Loan amount: $394,155
Rate: 7.125%
Principal & interest: $2,655
Est. property tax: $277
Est. homeowners insurance: $194

3.5% down · FHA

$3,147/mo

Down payment: $14,522
Loan amount: $407,385
Rate: 6.875%
Principal & interest: $2,676
Est. property tax: $277
Est. homeowners insurance: $194

Payments include principal, interest, estimated Durham property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues. The FHA loan amount includes the 1.75% upfront mortgage insurance premium. These are examples based on the median price, not the sample loan used in the rate table above.

How much income do you need to buy a home in Durham?

A common lender guideline is to keep your total housing payment (principal, interest, estimated Durham property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Durham's $414,900 median home:

20% down · Conventional$2,707/mo payment $115,999/yrabout $9,667/mo before taxes

5% down · Conventional$3,126/mo payment $133,969/yrabout $11,164/mo before taxes

3.5% down · FHA$3,147/mo payment $134,857/yrabout $11,238/mo before taxes

Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.

What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.

Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.

How rates change your payment

Principal and interest on a $331,920 loan (the Durham median price with 20% down). Every 0.25% is worth about $56/mo.

Rate	6.13%	6.38%	6.63%	6.88%	7.13% today	7.38%
Monthly P&I	$2,017	$2,071	$2,125	$2,180	$2,236	$2,292

Ways to make a Durham home more affordable

Negotiate on price. About 26% of Durham listings have had a price cut, so many sellers are open to offers.
Ask for seller concessions. Homes take 81 days to sell, 28 more than last year. Sellers may cover closing costs or pay for a rate buydown.
Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $111 a month.
Compare loan types. FHA rates are at 6.875% vs. 7.125% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.

Durham mortgage and home buying FAQs

What are mortgage rates in Durham today?

As of October 9, 2026, Lower’s 30-year fixed conventional rate in Durham is 7.125% (7.439% APR), and the 30-year FHA rate is 6.875% (7.697% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.

What is the monthly payment on a median-priced home in Durham?

On Durham’s $414,900 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $2,707 a month, including principal, interest, estimated Durham property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $3,147 a month before monthly mortgage insurance.

How much income do I need to buy a house in Durham?

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $115,999 a year to buy Durham’s $414,900 median home with 20% down, or about $134,857 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.

How much do I need for a down payment in Durham?

On the $414,900 median home, 20% down is $82,980, 5% down is $20,745, and the FHA minimum of 3.5% is $14,522. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.

Is it a buyer’s or seller’s market in Durham right now?

In September 2026, Durham homes sold in about 81 days, 28 days slower than a year earlier. 2202 homes sold, up from 1766 the year before, and about 26% of the 2027 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.

How much does a quarter-point rate change affect payments in Durham?

On a $331,920 loan (the median Durham home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $56 a month, or about $669 a year.

How much are property taxes in Durham?

Lower estimates Durham property taxes at about 0.80% of a home’s value per year. On the $414,900 median home, that’s roughly $3,319 a year, or $277 a month. Your actual bill depends on your assessed value and any exemptions.

Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Durham from The Zebra; your quote will vary. Rates as of October 9, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

5.0

We had a wonderful experience working with Phil on our personal home purchase. Phil did an excellent job educating us throughout the process, clearly explaining our options and helping us feel confident in each decision. We also really apprecia…ted his creativity in structuring things in a way that worked well for us. His communication, knowledge, and care made the entire process smooth from start to finish.

London S.

Verified Customer

August 27, 2026

5.0

From the moment Jon and his team at Jon Wood Lending took the call, the whole process was so smooth from start to finish. Simone helped us get all or our need paperwork in order as needed. The communication wa…s clear and timely all the way through making it such a pleasant experience. Allison and I will definitely recommend Jon and his team to anyone who will listen!

Everette W.

Verified Customer

September 26, 2026

5.0

Phil did a great job explaining things along the way and walking us through every step. He is very personable and you can tell he truly cares.

Samantha N.

Verified Customer

August 16, 2026

5.0

Well we were off to a rough start. But they helped us over come every challenge and get us into our new home.

Joseph T.

Verified Customer

September 10, 2026

5.0

Phil is outstanding to work with. He helped so much through the loan process. He's so nice, personable & brings so much knowledge to the table. Highly recommend to all!

Michael N.

Verified Customer

August 21, 2026

5.0

My experience with Erik and the group was amazing. I and my husband are first-time home buyers and we didn't have a clue about buying a home. Erik was very thorough and hands on with the whole process. We learned a lot from Erik and we thank hi…m and everyone that helped us. We love our new home. Much thanks to Erik for helping to make it happen!

Stephanie D.

Verified Customer

September 15, 2026

London S. rated Phil Cunningham 5.0 stars: We had a wonderful experience working with Phil on our personal home purchase. Phil did an excellent job educating us throughout the process, clearly explaining our options and helping us feel confident in each decision. We also really appreciated his creativity in structuring things in a way that worked well for us. His communication, knowledge, and care made the entire process smooth from start to finish. Everette W. rated Jonathan Wood 5.0 stars: From the moment Jon and his team at Jon Wood Lending took the call, the whole process was so smooth from start to finish. Simone helped us get all or our need paperwork in order as needed. The communication was clear and timely all the way through making it such a pleasant experience. Allison and I will definitely recommend Jon and his team to anyone who will listen! Samantha N. rated Phil Cunningham 5.0 stars: Phil did a great job explaining things along the way and walking us through every step. He is very personable and you can tell he truly cares. Joseph T. rated Nikki Rogers 5.0 stars: Well we were off to a rough start. But they helped us over come every challenge and get us into our new home. Michael N. rated Phil Cunningham 5.0 stars: Phil is outstanding to work with. He helped so much through the loan process. He's so nice, personable & brings so much knowledge to the table. Highly recommend to all! Stephanie D. rated Erik Markwat 5.0 stars: My experience with Erik and the group was amazing. I and my husband are first-time home buyers and we didn't have a clue about buying a home. Erik was very thorough and hands on with the whole process. We learned a lot from Erik and we thank him and everyone that helped us. We love our new home. Much thanks to Erik for helping to make it happen!

Durham, NC Mortgage Rates Today