Skip to content
Apply Now
Ready to get started?

Reach out and give us a call. We’re here to help.

Need support?

Have questions about your current product? Give us a call and we’ll sort it out.

Raleigh, NC Mortgage Rates Today

Get a Lower rate in Raleigh whether you're buying, looking to get cash out of your home or lower your monthly mortgage payment.

Get a personalized rate
>
No-impact credit check. No commitment.
Raleigh NC

Current Mortgage Rates in Raleigh, NC

Buy A Home
Lower My Rate

Raleigh housing market at a glance

September 2026 data

In Raleigh, homes are selling in about 76 days (19 slower than a year ago), sales are up 10.7% from last year, and about 26% of listings have had a price cut.

Median sale price
$440,000
$220 per sq. ft.
Homes sold
3,402
▲ 10.7% vs. 3,072 last year
Days on market
76
vs. 57 days last year
Homes for sale
2,978
206 new listings
Listings with a price cut
26%
779 of 2,978 listings

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

What it costs to buy a home in Raleigh

Monthly payments on Raleigh's median home price of $440,000 (September 2026), at today's rates.

20% down · Conventional
$2,837/mo
Down payment
$88,000
Loan amount
$352,000
Rate
7.125%
Principal & interest
$2,371
Est. property tax
$260
Est. homeowners insurance
$205
5% down · Conventional
$3,281/mo
Down payment
$22,000
Loan amount
$418,000
Rate
7.125%
Principal & interest
$2,816
Est. property tax
$260
Est. homeowners insurance
$205
3.5% down · FHA
$3,303/mo
Down payment
$15,400
Loan amount
$432,031
Rate
6.875%
Principal & interest
$2,838
Est. property tax
$260
Est. homeowners insurance
$205

Payments include principal, interest, estimated Raleigh 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 Raleigh?

A common lender guideline is to keep your total housing payment (principal, interest, estimated Raleigh 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 Raleigh's $440,000 median home:

20% down · Conventional$2,837/mo payment $121,566/yrabout $10,130/mo before taxes
5% down · Conventional$3,281/mo payment $140,622/yrabout $11,719/mo before taxes
3.5% down · FHA$3,303/mo payment $141,565/yrabout $11,797/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 $352,000 loan (the Raleigh median price with 20% down). Every 0.25% is worth about $59/mo.

Rate6.13%6.38%6.63%6.88%7.13%
today		7.38%
Monthly P&I$2,139$2,196$2,254$2,312$2,371$2,431

Ways to make a Raleigh home more affordable

  • Negotiate on price. About 26% of Raleigh listings have had a price cut, so many sellers are open to offers.
  • Ask for seller concessions. Homes take 76 days to sell, 19 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 $118 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.

Raleigh mortgage and home buying FAQs

What are mortgage rates in Raleigh today?

As of October 9, 2026, Lower’s 30-year fixed conventional rate in Raleigh 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 Raleigh?

On Raleigh’s $440,000 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $2,837 a month, including principal, interest, estimated Raleigh property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $3,303 a month before monthly mortgage insurance.

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

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $121,566 a year to buy Raleigh’s $440,000 median home with 20% down, or about $141,565 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 Raleigh?

On the $440,000 median home, 20% down is $88,000, 5% down is $22,000, and the FHA minimum of 3.5% is $15,400. 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 Raleigh right now?

In September 2026, Raleigh homes sold in about 76 days, 19 days slower than a year earlier. 3402 homes sold, up from 3072 the year before, and about 26% of the 2978 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 Raleigh?

On a $352,000 loan (the median Raleigh home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $59 a month, or about $709 a year.

How much are property taxes in Raleigh?

Lower estimates Raleigh property taxes at about 0.71% of a home’s value per year. On the $440,000 median home, that’s roughly $3,124 a year, or $260 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 Raleigh 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.

Find Out Why Raleigh Loves Lower

Don't take our word for it. We've got 50,000 five-star reviews and counting. Read what real customers have to say.
Trustpilot | Google | Zillow | Bankrate
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

5.0

Rachelle made the whole experience so easy, she was very communicative and professional throughout the whole process! Thank you Rachelle!

Sean B.

Verified Customer

September 26, 2026

5.0

very respinsive and consultative

Teresa B.

Verified Customer

October 6, 2026

5.0

Rachelle pays attention to the details. She was quick to respond to questions and kept us on track for closing.

Nancy K.

Verified Customer

September 1, 2026

5.0

It was my first time buying a home and using a mortgage company. Jon Wood was a huge help and was able to answer any questions or concerns I had about the process. He made the whole process easy to understand …and stress free.

William P.

Verified Customer

October 4, 2026

5.0

When ever I had questions Jimmy always responded the same

Elliott S.

Verified Customer

August 9, 2026

Lower Rates. Lower Stress. Free Refi for Life.

We combine a seamless, fully online experience with human expertise to help you get the best possible rate. Applying online comes with no commitment and a no-impact credit check.

50,000+ 5-star reviews
Lower rates
Easy online application
Fast closing
Seamless online process

And once you buy a home with Lower, you can refinance for free. For life.

Ready to get your personalized rate?

Apply today >

Clear
Selection