Nebraska Mortgage Rates

If you want to experience the true epitome of Midwestern friendliness, come live in Nebraska.

This beautiful state in the midwest United States has so much diversity you’d even find yourself being served a mug of red beer!

No wonder many people are looking for homes in Nebraska. From the state’s northwest county, Sioux, to its southeast county, Richardson, there are hundreds of different types of homes for sale.

Cheap Homes Dot Nebraska

In Nebraska’s city capital, Lincoln, house hunters may find affordable homes right within the budget. One may chance upon a couple of  2-bedroom houses under $150,000.

Also, the cost of living in the Great American Desert state falls below the US average. The biggest factor that affects the cost of living difference is the housing in Nebraska. Whether you are looking for a studio or a 4-bedroom house, the average price is lower than the US average.

Mortgage Rates Still Remain Low

For people looking for a mortgage with fixed rates in Nebraska, they are looking at mortgage rates between 2.9 percent to 3.9 percent, depending on the loan term. While 30-year fixed rate mortgage interest seems to have increased slightly, 15-year loans’ rated are down. In fact, it has fallen below the 3 percent mark as of October 12, 2017. (According to Bankrate)

Mortgage rates flutter depending on extrinsic and intrinsic factors. While the external factors, like the housing economy, is beyond your control, you can work on the internal factors to help reduce your mortgage rates.

Keeping an excellent credit score, a good balance of your income and debts and having a stable source of income can significantly reduce the interest rate that applies to your mortgage.

To aid your homebuying journey, mortgagesum.com has created a variety of tools and resources to make it easier for you. Start shopping for a lender today.