RALEIGH - CARY Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Raleigh - Cary averaged
6.42%
for the week of 2023-12-07, compared to the national average of
7.03% for the same period.
The average rate for the prior week (2023-11-30) was
6.71% and
one month ago for the week of 2023-11-02, the
average rate was 7.05%.
Raleigh - Cary's average rate one year ago was 5.78%.
For refis of the same type during the week of 2023-12-07, the average rate
was 5.38%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-12-07 | 7.03% |
Raleigh - Cary 30 Year Fixed Rate | 2023-12-07 | 6.42% |
Raleigh - Cary 30 Year Fixed Rate Refi | 2023-12-07 | 5.38% |
Raleigh - Cary 15 Year Fixed Rate | 2023-12-07 | 6.02% |
Raleigh - Cary 15 Year Fixed Rate Refi | 2023-12-07 | 5.35% |
Raleigh - Cary 30 Year FHA | 2023-12-07 | 6.52% |
Raleigh - Cary 30 Year FHA Refi | 2023-12-07 | 5.27% |
Raleigh - Cary 30 Year USDA | 2023-12-07 | 5.9% |
Raleigh - Cary 30 Year USDA Refi | 2023-12-07 | 6.82% |
Raleigh - Cary 30 Year VA | 2023-12-07 | 5.99% |
Raleigh - Cary 30 Year VA Refi | 2023-12-07 | 4.2% |
RALEIGH - CARY Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the RALEIGH-CARY, NC market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
RALEIGH - CARY Average Closing Costs & Other Stats
RALEIGH-CARY, NC's 504 lenders originated 56,486
loans during 2022. The total origination value was $19,843,710,000, with an average loan value of
$351,303.
RALEIGH - CARY's average closing costs are $4,410.
The top RALEIGH - CARY lender as defined by loan originations is STATE EMPLOYEES', with
3,455 loans originated. Their average total fees are
$4,191, which is $2,011
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee RALEIGH - CARY lenders (with over 10 loans originated) are
Discover Bank ($0), IMPAC MORTGAGE CORP. ($1,210), PULTE MORTGAGE LLC ($1,543), Third Federal Savings and Loan Association of Cleveland ($1,764) and Strong Home Mortgage, LLC ($1,785).
The lowest rate RALEIGH - CARY lenders (with over 10 loans originated) are
Bank-Fund Staff Federal Credit Union (2.67%), First Bank (2.95%), Stifel Bank and Trust (3.29%), CREDIT UNION MORTGAGE ASSOCIATION, INC. (3.32%) and Deere Employees Credit Union (3.44%).
RALEIGH-CARY, NC Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
STATE EMPLOYEES' | $1,426,270,000 | $1,712,875,000 | 20.1% | 8.6% |
Wells Fargo Bank | $1,237,080,000 | $1,348,450,000 | 9.0% | 6.8% |
QUICKEN LOANS, LLC | $2,412,750,000 | $944,255,000 | -60.9% | 4.8% |
COASTAL Federal Credit Union | $688,175,000 | $699,520,000 | 1.6% | 3.5% |
Truist | $813,245,000 | $663,175,000 | -18.5% | 3.3% |
UNITED WHOLESALE MORTGAGE, LLC | $971,850,000 | $537,295,000 | -44.7% | 2.7% |
First-Citizens Bank & Trust Company | $549,910,000 | $536,330,000 | -2.5% | 2.7% |
MOVEMENT MORTGAGE, LLC | $777,460,000 | $519,320,000 | -33.2% | 2.6% |
LOANDEPOT.COM, LLC | $840,450,000 | $384,310,000 | -54.3% | 1.9% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $521,210,000 | $301,150,000 | -42.2% | 1.5% |
PNC Bank | $210,050,000 | $295,230,000 | 40.6% | 1.5% |
Bank of America | $355,545,000 | $294,840,000 | -17.1% | 1.5% |
First National Bank of Pennsylvania | $223,565,000 | $283,015,000 | 26.6% | 1.4% |
PULTE MORTGAGE LLC | $195,780,000 | $265,505,000 | 35.6% | 1.3% |
Prosperity Home Mortgage, LLC | $387,755,000 | $241,690,000 | -37.7% | 1.2% |
EAGLE HOME MORTGAGE, LLC | $217,160,000 | $238,575,000 | 9.9% | 1.2% |
PGIM Real Estate Finance, LLC | $237,795,000 | n/a | 1.2% | |
Towne Bank | $303,955,000 | $217,400,000 | -28.5% | 1.1% |
GUARANTEED RATE, INC. | $402,680,000 | $209,130,000 | -48.1% | 1.1% |
North State Bank | $313,445,000 | $198,955,000 | -36.5% | 1.0% |
PENNYMAC LOAN SERVICES, LLC | $470,795,000 | $191,570,000 | -59.3% | 1.0% |
Regions Bank | $102,905,000 | $186,475,000 | 81.2% | 0.9% |
JPMorgan Chase Bank | $227,250,000 | $177,160,000 | -22.0% | 0.9% |
NAVY FEDERAL CREDIT UNION | $214,955,000 | $175,090,000 | -18.5% | 0.9% |
Prudential Huntoon Paige Associates, LLC | $165,930,000 | n/a | 0.8% | |
GoPrime Mortgage, Inc. | $294,080,000 | $161,750,000 | -45.0% | 0.8% |
WALKER & DUNLOP, LLC | $74,955,000 | $157,810,000 | 110.5% | 0.8% |
Fifth Third Bank | $99,285,000 | $157,685,000 | 58.8% | 0.8% |
CORNERSTONE HOME LENDING, INC. | $246,105,000 | $148,625,000 | -39.6% | 0.7% |
United Community Bank | $570,000 | $148,495,000 | 25,951.8% | 0.7% |
Corporate Investors Mortgage Group, Inc. | $382,075,000 | $148,295,000 | -61.2% | 0.7% |
KeyBank | $75,180,000 | $142,635,000 | 89.7% | 0.7% |
BERKELEY POINT CAPITAL LLC | $29,285,000 | $140,605,000 | 380.1% | 0.7% |
First Heritage Mortgage, LLC | $203,745,000 | $137,565,000 | -32.5% | 0.7% |
CROSSCOUNTRY MORTGAGE, LLC | $114,300,000 | $132,855,000 | 16.2% | 0.7% |
PROVIDENT FUNDING ASSOCIATES, L.P. | $236,255,000 | $129,325,000 | -45.3% | 0.7% |
AMERISAVE MORTGAGE CORPORATION | $316,025,000 | $127,600,000 | -59.6% | 0.6% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $251,015,000 | $127,255,000 | -49.3% | 0.6% |
BETTER MORTGAGE CORPORATION | $752,335,000 | $124,430,000 | -83.5% | 0.6% |
Mr. Cooper ( Nationstar Mortgage ) | $261,995,000 | $123,215,000 | -53.0% | 0.6% |
First Bank | $255,000 | $115,975,000 | 45,380.4% | 0.6% |
Towne Mortgage of the Carolinas, LLC | $195,845,000 | $115,225,000 | -41.2% | 0.6% |
FREEDOM MORTGAGE CORPORATION | $551,435,000 | $111,905,000 | -79.7% | 0.6% |
Mortgage Research Center, LLC | $155,455,000 | $107,290,000 | -31.0% | 0.5% |
NFM, INC. | $106,365,000 | $101,065,000 | -5.0% | 0.5% |
LOCAL GOVERNMENT FEDERAL CREDIT UNION | $93,220,000 | $100,615,000 | 7.9% | 0.5% |
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $119,890,000 | $100,250,000 | -16.4% | 0.5% |
CALIBER HOME LOANS, INC. | $233,735,000 | $99,405,000 | -57.5% | 0.5% |
First Carolina Bank | $67,050,000 | $97,680,000 | 45.7% | 0.5% |
U.S. Bank | $158,965,000 | $96,990,000 | -39.0% | 0.5% |
HOME POINT FINANCIAL CORPORATION | $305,975,000 | $96,430,000 | -68.5% | 0.5% |
NVR Mortgage Finance, Inc. | $79,555,000 | $93,455,000 | 17.5% | 0.5% |
EQUITY RESOURCES, INC. | $250,835,000 | $92,995,000 | -62.9% | 0.5% |
DHI MORTGAGE COMPANY, LTD. | $28,670,000 | $92,515,000 | 222.7% | 0.5% |
Pinnacle Bank | $133,290,000 | $87,020,000 | -34.7% | 0.4% |
South Pacific Financial Corporation | $69,385,000 | $82,320,000 | 18.6% | 0.4% |
Alcova Mortgage LLC | $192,560,000 | $81,630,000 | -57.6% | 0.4% |
Capital One | $8,915,000 | $81,010,000 | 808.7% | 0.4% |
MATTAMY HOME FUNDING, LLC | $96,105,000 | $79,555,000 | -17.2% | 0.4% |
The Central Trust Bank | $135,235,000 | $78,725,000 | -41.8% | 0.4% |
Third Federal Savings and Loan Association of Cleveland | $41,685,000 | $78,510,000 | 88.3% | 0.4% |
The Fidelity Bank | $95,800,000 | $75,935,000 | -20.7% | 0.4% |
Flagstar Bank, FSB | $102,900,000 | $72,920,000 | -29.1% | 0.4% |
First Horizon Bank | $54,945,000 | $72,095,000 | 31.2% | 0.4% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $58,875,000 | $71,755,000 | 21.9% | 0.4% |
M/I FINANCIAL, LLC | $49,430,000 | $70,055,000 | 41.7% | 0.4% |
BROKER SOLUTIONS, INC. | $139,890,000 | $67,050,000 | -52.1% | 0.3% |
DIGITAL Federal Credit Union | $9,690,000 | $64,560,000 | 566.3% | 0.3% |
ALLIANT CREDIT UNION | $4,455,000 | $63,950,000 | 1,335.5% | 0.3% |
ACADEMY MORTGAGE CORPORATION | $71,955,000 | $63,910,000 | -11.2% | 0.3% |
Merchants Bank of Indiana | $1,015,000 | $61,270,000 | 5,936.5% | 0.3% |
Ally Bank | $18,185,000 | $60,525,000 | 232.8% | 0.3% |
KBHS HOME LOANS, LLC | $19,995,000 | $55,675,000 | 178.4% | 0.3% |
PENTAGON FEDERAL CREDIT UNION | $74,625,000 | $55,660,000 | -25.4% | 0.3% |
T2 FINANCIAL LLC | $69,240,000 | $55,075,000 | -20.5% | 0.3% |
Southern Bank and Trust Company | $39,365,000 | $54,875,000 | 39.4% | 0.3% |
American Security Mortgage Corp. | $86,075,000 | $53,295,000 | -38.1% | 0.3% |
CMG MORTGAGE, INC. | $53,060,000 | $52,180,000 | -1.7% | 0.3% |
ORIX REAL ESTATE CAPITAL, LLC | $31,235,000 | $51,365,000 | 64.4% | 0.3% |
Webster Bank | $50,755,000 | n/a | 0.3% | |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $226,460,000 | $47,650,000 | -79.0% | 0.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $321,095,000 | $47,000,000 | -85.4% | 0.2% |
Santander Bank, N.A. | $1,790,000 | $46,270,000 | 2,484.9% | 0.2% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $33,725,000 | $45,990,000 | 36.4% | 0.2% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $85,455,000 | $45,285,000 | -47.0% | 0.2% |
CAPITAL CENTER, L.L.C. | $148,100,000 | $44,870,000 | -69.7% | 0.2% |
TBI MORTGAGE COMPANY | $61,835,000 | $43,460,000 | -29.7% | 0.2% |
United Nations Federal Credit Union | $5,680,000 | $42,965,000 | 656.4% | 0.2% |
FIRST HOME MORTGAGE CORPORATION | $13,340,000 | $41,820,000 | 213.5% | 0.2% |
The Federal Savings Bank | $71,220,000 | $41,460,000 | -41.8% | 0.2% |
SOUTHERN TRUST MORTGAGE, LLC | $84,595,000 | $41,045,000 | -51.5% | 0.2% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $108,135,000 | $40,700,000 | -62.4% | 0.2% |
UNION HOME MORTGAGE CORP. | $77,800,000 | $40,190,000 | -48.3% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $63,665,000 | $39,390,000 | -38.1% | 0.2% |
Wyndham Capital Mortgage, Inc. | $124,985,000 | $39,350,000 | -68.5% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $111,465,000 | $38,800,000 | -65.2% | 0.2% |
CBRE MULTIFAMILY CAPITAL, INC. | $47,600,000 | $37,780,000 | -20.6% | 0.2% |
The Huntington National Bank | $15,380,000 | $37,410,000 | 143.2% | 0.2% |
TD Bank | $11,075,000 | $37,345,000 | 237.2% | 0.2% |
ANGEL OAK HOME LOANS LLC | $70,575,000 | $37,080,000 | -47.5% | 0.2% |
Morgan Stanley Private Bank | $23,590,000 | $37,060,000 | 57.1% | 0.2% |
NEWREZ LLC | $140,970,000 | $35,770,000 | -74.6% | 0.2% |
Citizens Bank | $94,875,000 | $35,700,000 | -62.4% | 0.2% |
RESOURCE FINANCIAL SERVICES, INC. | $99,420,000 | $35,510,000 | -64.3% | 0.2% |
Ameris Bank | $75,490,000 | $35,505,000 | -53.0% | 0.2% |
Citibank | $11,365,000 | $34,445,000 | 203.1% | 0.2% |
USAA Federal Savings Bank | $62,130,000 | $32,365,000 | -47.9% | 0.2% |
ZILLOW HOME LOANS, LLC | $41,825,000 | $32,150,000 | -23.1% | 0.2% |
HomeTrust Bank | $65,370,000 | $31,570,000 | -51.7% | 0.2% |
Orrstown Bank | $31,205,000 | n/a | 0.2% | |
Carrington Mortgage Services, LLC | $36,950,000 | $29,575,000 | -20.0% | 0.1% |
South State Bank | $22,680,000 | $29,540,000 | 30.2% | 0.1% |
GREAT LAKES | $750,000 | $29,505,000 | 3,834.0% | 0.1% |
LATINO COMMUNITY CREDIT UNION | $22,615,000 | $29,005,000 | 28.3% | 0.1% |
HOMESPIRE MORTGAGE CORPORATION | $57,335,000 | $28,950,000 | -49.5% | 0.1% |
Associated Bank | $28,825,000 | n/a | 0.1% | |
M&T Realty Capital Corporation | $6,715,000 | $28,485,000 | 324.2% | 0.1% |
HOMESIDE FINANCIAL, LLC | $174,200,000 | $28,105,000 | -83.9% | 0.1% |
FIRST EQUITY MORTGAGE INCORPORATED | $23,945,000 | $27,545,000 | 15.0% | 0.1% |
THE MORTGAGE FIRM, INC. | $57,130,000 | $27,500,000 | -51.9% | 0.1% |
INTERCOASTAL MORTGAGE COMPANY | $36,680,000 | $27,305,000 | -25.6% | 0.1% |
Northpointe Bank | $61,440,000 | $26,390,000 | -57.0% | 0.1% |
Independent Bank | $24,945,000 | n/a | 0.1% | |
Truliant Federal Credit Union | $4,875,000 | $24,275,000 | 397.9% | 0.1% |
Charles Schwab Bank, SSB | $17,605,000 | $24,195,000 | 37.4% | 0.1% |
NBKC BANK | $40,010,000 | $24,145,000 | -39.7% | 0.1% |
Bethpage Federal Credit Union | $4,420,000 | $23,810,000 | 438.7% | 0.1% |
Paramount Residential Mortgage Group, Inc. | $18,880,000 | $22,975,000 | 21.7% | 0.1% |
KS Bank, Inc. | $27,545,000 | $22,205,000 | -19.4% | 0.1% |
LENDINGHOME FUNDING CORPORATION | $17,095,000 | $22,020,000 | 28.8% | 0.1% |
North American Savings Bank, F.S.B. | $48,200,000 | $21,645,000 | -55.1% | 0.1% |
RELIANCE FIRST CAPITAL, LLC | $22,690,000 | $20,995,000 | -7.5% | 0.1% |
VELOCIO MORTGAGE L.L.C. | $44,835,000 | $20,650,000 | -53.9% | 0.1% |
AMERICAN FINANCING CORPORATION | $38,680,000 | $20,255,000 | -47.6% | 0.1% |
LOANPAL, LLC | $42,035,000 | $20,095,000 | -52.2% | 0.1% |
Deere Employees Credit Union | $13,115,000 | $20,000,000 | 52.5% | 0.1% |
Blue Ridge Bank | $24,430,000 | $19,695,000 | -19.4% | 0.1% |
Figure Lending LLC | $9,185,000 | $19,365,000 | 110.8% | 0.1% |
Southern First Bank | $23,135,000 | $19,040,000 | -17.7% | 0.1% |
Discover Bank | $8,315,000 | $18,675,000 | 124.6% | 0.1% |
JET HOMELOANS, LLC | $1,990,000 | $18,380,000 | 823.6% | 0.1% |
SPRING EQ, LLC | $14,370,000 | $18,280,000 | 27.2% | 0.1% |
NORTHMARQ CAPITAL FINANCE, L.L.C. | $3,235,000 | $18,105,000 | 459.7% | 0.1% |
Benchmark Community Bank | $12,615,000 | $18,010,000 | 42.8% | 0.1% |
NEW DAY FINANCIAL, LLC | $24,995,000 | $17,935,000 | -28.2% | 0.1% |
CONSUMERS COOPERATIVE CREDIT UNION | $370,000 | $17,870,000 | 4,729.7% | 0.1% |
LIMA ONE CAPITAL, LLC | $5,455,000 | $16,645,000 | 205.1% | 0.1% |
Strong Home Mortgage, LLC | $49,540,000 | $16,280,000 | -67.1% | 0.1% |
AmeriHome Mortgage Company, LLC | $24,140,000 | $16,240,000 | -32.7% | 0.1% |
DRAPER AND KRAMER MORTGAGE CORP. | $35,890,000 | $15,570,000 | -56.6% | 0.1% |
Peoples Bank | $1,515,000 | $14,880,000 | 882.2% | 0.1% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $10,040,000 | $14,825,000 | 47.7% | 0.1% |
Nations Lending Corporation | $24,720,000 | $14,710,000 | -40.5% | 0.1% |
Allen Tate Mortgage Partners, LLC | $41,670,000 | $14,525,000 | -65.1% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $30,445,000 | $14,440,000 | -52.6% | 0.1% |