Mortgage Refinancing in North Carolina
Real refinance data for North Carolina from federal sources, updated annually. See how your state compares to national averages.
Refinance Originations
21,210
2023 HMDA data
Avg Loan Amount
$298,069
National: $410,429
Denial Rate
29.1%
▼ Above national avg
Median Home Value
$259,400
U.S. Census Bureau
Source: HMDA 2023 via CFPB, U.S. Census Bureau ACS
Calculate your refinance savingsRefinance Trends in North Carolina
Originations by Year
Refinance originations in North Carolina by year. Source: HMDA via CFPB.
Loan Type Breakdown
Includes all refinance applications (originated, denied, and other outcomes). Source: HMDA via CFPB.
Home Price Trends in North Carolina
Source: FHFA House Price Index
Top Lenders in North Carolina
| # | Lender | HMDA Records | Avg Loan |
|---|---|---|---|
| 1 | State Employees' | 64,050 | - |
| 2 | State Employees' | 52,820 | - |
| 3 | Rocket Mortgage LLC | 27,734 | - |
| 4 | Truist Bank | 24,660 | - |
| 5 | Wells Fargo Bank National Association | 20,092 | - |
| 6 | Truist Bank | 18,311 | - |
| 7 | Rocket Mortgage LLC | 17,267 | - |
| 8 | Vanderbilt Mortgage And Finance Inc. | 16,345 | - |
| 9 | Movement Mortgage LLC | 16,251 | - |
| 10 | Vanderbilt Mortgage And Finance Inc. | 16,021 | - |
Ranked by total HMDA filings in the state (2023). Source: HMDA via CFPB.
Compare all lenders →How North Carolina Compares
| Metric | North Carolina | National Avg |
|---|---|---|
| Refinance Originations | 21,210 | 435,709 |
| Avg Loan Amount | $298,069 | $410,429 |
| Denial Rate | 29.1% | 27.87% |
Green indicates the state performs better than the national average. Red indicates worse. Source: HMDA 2023, U.S. Census Bureau.
Current Mortgage Rates
30-Year Fixed
6.38%
▲ 6.22% prev
15-Year Fixed
5.75%
▲ 5.54% prev
5/1 ARM
6.06%
▲ 5.95% prev
National average rates updated daily from FRED (Federal Reserve Bank of St. Louis). Your rate depends on your credit score, loan amount, and lender.
Get personalized rates →Frequently Asked Questions
How many people refinanced in North Carolina in 2023?
In 2023, there were 21,210 refinance originations in North Carolina, according to HMDA data reported to the CFPB.
What is the average refinance loan amount in North Carolina?
The average refinance loan amount in North Carolina was $298,069 in 2023. This reflects originated loans reported through HMDA.
What is the refinance denial rate in North Carolina?
The refinance denial rate in North Carolina was 29.1% in 2023. This is calculated from originated and denied applications reported to the CFPB.
What are the top refinance lenders in North Carolina?
The most active lenders in North Carolina by HMDA filing volume include State Employees', State Employees', Rocket Mortgage LLC. See the full list above for details.
Is it a good time to refinance in North Carolina?
Whether refinancing makes sense depends on your current rate, loan balance, and how long you plan to stay in your home. Use our refinance calculator and break-even calculator to estimate your potential savings based on current national rates.
Want a deeper analysis?
Read our full editorial guide on refinancing in North Carolina, including tips, regulations, and state programs.
Read the North Carolina Refinance GuideData sourced from HMDA (Home Mortgage Disclosure Act) via the CFPB and FRED (Federal Reserve Bank of St. Louis). Demographics from the U.S. Census Bureau American Community Survey. This page is for educational purposes only and does not constitute financial advice. Consult a licensed mortgage professional for personalized guidance.