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North Carolina Mortgage Refinance Rates

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Current North Carolina Home Refinance Rates

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Refinance Rates Trend in North Carolina

Historical rates shown for context only. See full disclosures below and current rates in the table above. View Legal Disclosures

Rates as of November 6, 2026 · Avg North Carolina property tax: 0.78% · Avg annual home insurance: $2,173

Today’s 30-year fixed refinance rate in North Carolina is 7.000% (7.327% APR), and a 15-year is 6.375% (6.950% APR). On a typical $251,000 North Carolina loan, that’s about $1,670 a month in principal and interest over 30 years or $2,169 over 15. These figures use a typical North Carolina home price of $359,000 (the average of the median prices in its largest cities) and a loan at 70% of that value. Your numbers depend on your balance, your home’s value and your credit.

How much could you save by refinancing in North Carolina?

Monthly savings on a $251,000 balance if you refinance into today’s 30-year fixed rate of 7.000% (7.327% APR), by the rate you have now. If your current rate is at or below about 7.000%, a rate-and-term refinance at today’s rate won’t lower your payment; a cash-out refinance or HELOC may fit better if you need cash.

Your current rate Payment now New payment Monthly savings Break-even
7.500% $1,755 $1,670 $85 95 months
8.000% $1,842 $1,670 $172 47 months
8.500% $1,930 $1,670 $260 32 months

Principal and interest only, comparing 30-year payments on the same $251,000 balance. New payment at 7.000% (7.327% APR) with 2.125 discount points. Break-even divides the points and lender fees built into that APR (about $8,071 on this loan) by the monthly savings; title, appraisal and other third-party closing costs add to that (try our refinance break-even calculator with your own numbers). Restarting a 30-year term can mean more total interest even when the payment drops.

Refinance payments in North Carolina's largest cities

Estimated monthly cost after refinancing a loan at 70% of each city’s median home price into today’s 30-year fixed rate of 7.000% (7.327% APR), with local property taxes and homeowners insurance.

City Median price Loan (70%) Principal & interest Taxes & insurance Total monthly
Charlotte $419,000 $293,000 $1,949 $428 $2,377
Raleigh $440,000 $308,000 $2,049 $465 $2,514
Greensboro $315,000 $221,000 $1,470 $398 $1,869
Durham $414,900 $290,000 $1,929 $470 $2,400
Winston-Salem $315,000 $221,000 $1,470 $375 $1,845
Fayetteville $249,949 $175,000 $1,164 $431 $1,596

Principal and interest at 7.000% (7.327% APR) (30-year conforming refinance). Median prices from Movoto market trends, September 2026.

15-year vs. 30-year refinance in North Carolina

On a typical $251,000 North Carolina loan, a 15-year refinance costs about $499 more a month than a 30-year, but saves about $210,699 in interest over the life of the loan.

Loan term Rate (APR) Principal & interest Total interest
30-year fixed7.000% (7.327% APR)$1,670$350,167
15-year fixed6.375% (6.950% APR)$2,169$139,468

Conforming refinance rates for North Carolina as of November 6, 2026. Total interest assumes you keep the loan for the full term and make every scheduled payment. Taxes and insurance are the same for either term.

Refinance options in North Carolina by loan type

The examples above assume you’re refinancing into a conventional loan. If you have an FHA or VA loan, owe more than the conforming limit, or want to take cash out, one of these options may fit better.

If you have an FHA loan

FHA streamline refinance

Refinance an existing FHA loan with limited credit documentation and often no appraisal. FHA mortgage insurance still applies.

If you have a VA loan

VA IRRRL

The VA’s Interest Rate Reduction Refinance Loan lowers your rate with less paperwork than a standard refinance, with no monthly mortgage insurance.

If you owe more than $832,750

Jumbo refinance

A balance above the county’s 2026 conforming loan limit refinances into a jumbo loan.

If you need cash

Cash-out refinance or HELOC

A cash-out refinance replaces your loan with a larger one and pays you the difference. A HELOC lets you borrow against your equity and keep your current rate.

North Carolina refinance FAQs

What are refinance rates in North Carolina today?

As of November 6, 2026, Lower’s 30-year fixed refinance rate in North Carolina is 7.000% (7.327% APR) and the 15-year is 6.375% (6.950% APR). FHA refinances start at 6.490% (7.390% APR) and VA refinances at 6.500% (6.832% APR). Your rate depends on your credit, equity, loan amount and points.

When does refinancing make sense in North Carolina?

When the monthly savings pay back your closing costs before you sell or refinance again. On a typical $251,000 North Carolina loan, going from 8.000% to today’s 7.000% (7.327% APR) saves about $172 a month, and the points and lender fees in today’s quote (about $8,071) take about 47 months to recover. Compare the new term too: restarting at 30 years can add interest even when the payment drops.

Do Charlotte, Raleigh or Greensboro have higher conforming loan limits?

No. Every North Carolina county uses the same $832,750 limit for a one-unit home in 2026. A refinance above the limit is a jumbo loan, priced today at 6.875% (7.131% APR) for 30 years.

Can I refinance a VA loan in North Carolina?

Yes. If your current mortgage is VA-backed, a VA Interest Rate Reduction Refinance Loan (IRRRL) can lower your rate with less paperwork than a standard refinance. Lower’s 30-year VA refinance rate in North Carolina is 6.500% (6.832% APR) today. VA and lender requirements apply.

Related North Carolina mortgage pages

Movoto market trends data, September 2026, for each city. Cities are the state's largest by Census Bureau population estimates (Vintage 2024) among cities with Movoto data; where a city has too few sales, the next-busiest markets by homes sold fill in. Conforming loan limits: FHFA, 2026. Property tax estimates use county effective rates from the American Community Survey; homeowners insurance estimates are average annual premiums from The Zebra; your quote will vary. Rates as of November 6, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

Loan Officers in North Carolina

Kelly Jennings

Kelly Jennings

Sr. Loan Officer

NMLS ID# 2003818

Sam Henrickson

Sam Henrickson

Branch Sales Manager

NMLS ID# 108642

Mitchell Wells

Mitchell Wells

Branch Manager

NMLS ID# 84035

Laura Kurtz

Laura Kurtz

Branch Manager

NMLS ID# 450352

Jamie Harrington

Jamie Harrington

Sales Manager, VP

NMLS ID# 111660

Lee Medlin

Lee Medlin

Branch Manager

NMLS ID# 86005

Avery Cornwell

Avery Cornwell

Loan Processor/Loan Officer Assistant

NMLS ID# 2312712

Rachelle Killman

Rachelle Killman

Sr. Loan Officer

NMLS ID# 1792884

Erik Markwat

Erik Markwat

Loan Advisor

NMLS ID# 1977195

Blake Herring

Blake Herring

VP of Lending

NMLS ID# 1374701

Jonathan Wood

Jonathan Wood

Branch Manager, VP

NMLS ID# 479214

Nikki Rogers

Nikki Rogers

VP of Lending

NMLS ID# 519302

Lilly Horne

Lilly Horne

Loan Officer

NMLS ID# 1129466

Phil Cunningham

Phil Cunningham

Producing Branch Manager

NMLS ID# 659032

Angie Lewis

Angie Lewis

VP of Lending

NMLS ID# 415523

Earnest M Haynes Jr

Earnest M Haynes Jr

Loan Officer

NMLS ID# 1281841

Chelsea Winstead

Chelsea Winstead

VP of Lending

NMLS ID# 2674299

Ashley Knapp

Ashley Knapp

Sr. Loan Officer

NMLS ID# 646087

Clay Brown

Clay Brown

VP of Lending

NMLS ID# 664225

All Loan Officers in North Carolina

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

Nancy K.

Verified Customer
5.0

Quick comminicstion from Mitchell and his team

Morganne O.

Verified Customer

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