North Dakota Mortgage Rates Today — Compare ND Lenders
The average 30-year fixed mortgage rate in North Dakota is currently 6.46% APR. Fargo is the largest city and most active market, with a growing tech and healthcare sector supporting stable housing demand. Compare today’s rates from top North Dakota lenders across all major loan types below.
North Dakota Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $250,000 loan on a single-family primary residence in North Dakota.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.46% | 6.46% | Most Popular |
| 15-Year Fixed | 5.81% | 5.81% | Pay off faster, save interest |
| 5/1 ARM | 6.58% | 6.58% | Short-term owners |
| FHA 30-Year | 6.14% | 6.14% | Low down payment |
| VA 30-Year | 5.98% | 5.98% | Veterans & military |
| 30-Year Refinance | 6.58% | 6.58% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in North Dakota
North Dakota provides excellent housing affordability. Fargo is the commercial and cultural hub, offering a growing tech and healthcare sector alongside very accessible home prices. The state’s energy sector influences western North Dakota markets.
Bismarck, the state capital, offers a stable government-employment-anchored market. The western Bakken oil region creates more volatile but potentially higher-income local economies.
What Affects Your North Dakota Mortgage Rate?
Several key factors influence the rate a North Dakota lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.