Mortgage Rates in Cary, North Carolina — March 2026
Updated March 2026 | Based on Cary market data and regional lending conditions
Cary is a growing city in North Carolina with a population of 174,721. The current 30-year fixed mortgage rate in Cary is 6.69%, which is 0.04% above the national average. With a median home price of $465,000 and a 20% down payment of $93,000, homebuyers can expect a monthly principal and interest payment of approximately $2,398.
Current Mortgage Rates in Cary, NC
Below are the current average mortgage rates available in the Cary area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.29% | 6.25% | +0.04% |
| VA | 6.09% | 6.05% | +0.04% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Cary Housing Market Overview
The Cary housing market reflects moderate demand with prices near the national average. The median household income in Cary is $105,250, and the cost of living index is 105.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $115,714 to comfortably afford the median-priced home in Cary, which exceeds the current median household income.
Monthly Payment Breakdown for Cary
Based on the median home price of $465,000 with 20% down ($93,000), here is what you can expect to pay monthly in Cary:
15-Year vs. 30-Year Mortgage in Cary
Choosing a 15-year mortgage in Cary at 5.93% instead of a 30-year at 6.69% would save you $300,780 in total interest over the life of the loan. However, your monthly payment would be $3,125 instead of $2,398 — an increase of $727 per month.
Calculate Your Cary Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Cary
What are the current mortgage rates in Cary, NC?
As of March 2026, the average 30-year fixed mortgage rate in Cary, North Carolina is 6.69%, while the 15-year fixed rate is 5.93%. FHA loans average 6.29% and VA loans 6.09%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in Cary?
Based on the median home price of $465,000 with 20% down, the estimated monthly mortgage payment in Cary is $2,398 for principal and interest. Including property taxes of $302/month, the total monthly housing cost is approximately $2,700.
What income do I need to buy a home in Cary?
Using the 28% rule, you would need an annual income of approximately $115,714 to afford the median-priced home in Cary at $465,000. The median household income in Cary is $105,250. This means most households would need to either earn above the median or consider homes below $465,000.
Is Cary a good place to buy a home in 2026?
Cary has a moderate cost of living with a cost of living index of 105.5 (national average = 100). The property tax rate in North Carolina is 0.78%, which is below the national average. Cary has a population of 174,721 and offers a balanced lifestyle.
Mortgage Rates in Other North Carolina Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Cary, North Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.