Current Best Mortgage Rates in Durham, NC

If you, along with many other potential homeowners, have been impressed by sinking mortgage rates and are now thinking about purchasing your first home, the present might actually be the perfect time. Of course, just because average Durham mortgage rates are at an all-time low doesn’t mean every lending institution will be offering a great deal. In order to lessen the cost of your home purchase as much as possible, you’ll need to research the rates available locally and find the very best.

Whether you’re interested in a traditional fixed rate mortgage or are planning on obtaining an ARM, there’s a lender in Durham, NC with a great rate for you. Below is a list of the best mortgage rates in Durham across a host of loan types.

Durham Banks and Credit Unions with Lowest Mortgage Rates

Top Durham 15-Year Fixed Mortgage Rates

• Wachovia Bank, National Association: 3%
• • Orig. Fees: 1%
  • Points: 0.88


• Gateway Bank & Trust Company: 3.25%
• • No Orig. Fees
  • Points: 0


• Bank of America, National Association: 3.25%
• • Orig. Fees: 1%
  • Points: 1

Best 30-Year Fixed Mortgage Rates in Durham

• Quicken Loans Inc: 3.99%
• • No Orig. Fees
  • Points: 2


• Gateway Bank & Trust Company: 4%
• • No Orig. Fees
  • Points: 0


• Branch Banking & Trust Company: 4.25%
• • No Orig. Fees
  • Points: 0

Lowest Durham 3/1 ARM Mortgage Rates

• Wachovia Bank, National Association: 2.13%
• • Orig. Fees: 1%
  • Points: 0.75
  • Caps: 2% per Adjustment Period


• Branch Banking & Trust Company: 2.88%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Gateway Bank & Trust Company: 2.88%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Best Mortgage Rates for a 5/1 ARM in Durham

• Wachovia Bank, National Association: 2.25%
• • Orig. Fees: 1%
  • Points: 0.75
  • Caps: 2% per Adjustment Period


• Bank of America, National Association: 2.5%
• • No Orig. Fees
  • Points: 0.75
  • Caps:


• SunTrust Bank: 2.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Be sure you verify these interest rates with the lender before applying. These rates are accurate as of 11/01/11, but could change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised Durham mortgage rate.