Mortgage Rates in Crete, Nebraska — March 2026
Updated March 2026 | Based on Crete market data and regional lending conditions
Crete is a growing city in Nebraska with a population of 7,350. The current 30-year fixed mortgage rate in Crete is 6.74%, which is 0.09% above the national average. With a median home price of $176,000 and a 20% down payment of $35,200, homebuyers can expect a monthly principal and interest payment of approximately $912.
Current Mortgage Rates in Crete, NE
Below are the current average mortgage rates available in the Crete 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 | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Crete Housing Market Overview
The Crete housing market offers relatively affordable housing compared to many major cities. The median household income in Crete is $64,600, and the cost of living index is 81.6 (national average = 100). Based on the 28% affordability rule, the median income in Crete is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Crete
Based on the median home price of $176,000 with 20% down ($35,200), here is what you can expect to pay monthly in Crete:
15-Year vs. 30-Year Mortgage in Crete
Choosing a 15-year mortgage in Crete at 5.99% instead of a 30-year at 6.74% would save you $114,660 in total interest over the life of the loan. However, your monthly payment would be $1,187 instead of $912 — an increase of $275 per month.
Calculate Your Crete 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 Crete
What are the current mortgage rates in Crete, NE?
As of March 2026, the average 30-year fixed mortgage rate in Crete, Nebraska is 6.74%, while the 15-year fixed rate is 5.99%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Crete?
Based on the median home price of $176,000 with 20% down, the estimated monthly mortgage payment in Crete is $912 for principal and interest. Including property taxes of $220/month, the total monthly housing cost is approximately $1,132.
What income do I need to buy a home in Crete?
Using the 28% rule, you would need an annual income of approximately $48,514 to afford the median-priced home in Crete at $176,000. The median household income in Crete is $64,600. The median income is currently sufficient to meet this threshold.
Is Crete a good place to buy a home in 2026?
Crete offers a below-average cost of living with a cost of living index of 81.6 (national average = 100). The property tax rate in Nebraska is 1.5%, which is near the national average. Crete has a population of 7,350 and offers a very affordable lifestyle.
Mortgage Rates in Other Nebraska Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Crete, Nebraska area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.