As is the case in most states, mortgage rates in North Carolina have fallen below the national average, thanks in large part to the Federal Reserve, the Triangle Business Journal reported.
The average North Carolina rate on a 15-year fixed mortgage as of Dec. 19 was 2.89% (national average 2.93%), according to Charlottesville-based SNL Financial in a new survey.
North Carolina has the lowest mortgage rates
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Opinion: What is the public actually getting for $7.3B in housing subsidies?
The Federal Home Loan banks receive billions annually in subsidies, but are skirting their responsibility to support our nation’s housing troubles, argues Sharon Cornelissen, Director of Housing at the Consumer Federation of America.