Updated: July 17, 2024
Advertising & Editorial Disclosure
Today's 30-year mortgage rate in New Hampshire is 6.72%, closely aligned with the national average of 6.9%. New Hampshire homebuyers can access programs like Downpayment and Closing Cost Help and 1stGenHomeNH, potentially leading to significant savings.
MoneyGeek uses publicly available data from Zillow for the rates on this page. Mortgage rates shift daily, and we take a snapshot of rates to analyze rate information for New Hampshire. We update the data frequently to ensure you have access to the most recent rates, but the values may differ slightly between reporting sources.
Unless specifically noted otherwise, rates featured in the content are annual percentage rates (APRs).
This data was last updated on July 2, 2024.
As of July 2024, the average APR for a 30-year fixed-rate mortgage in New Hampshire is 6.72%, up from 6.56% last month. This increase means a $250,000 mortgage with a 20% down payment could cost $7,623 more in interest over the loan's lifetime, excluding property taxes and HOA fees.
Rates fluctuate daily due to changing economic conditions and Federal Reserve policies. The line chart below shows the recent month-to-month changes in mortgage rates, which can directly affect your payment plans.
Even small changes in mortgage rates can significantly impact your finances. Understanding the current mortgage rate in New Hampshire can help you budget effectively.
Understanding today's mortgage interest rates in New Hampshire benefits both first-time buyers and refinancers:
First-time homebuyers
Knowing current mortgage rates helps first-time buyers in New Hampshire understand what rates to expect and gauge their competitiveness.
Homeowners with mortgages
Homeowners can assess if a mortgage refinance is wise when current rates in New Hampshire are lower than their existing ones.
Purchase rates and refinance rates differ. For a 30-year fixed mortgage in New Hampshire, the purchase APR is 6.72%, while the refinance APR is 7.32%. This difference impacts your monthly payments and total interest over the loan's life. Keep this in mind when reviewing your mortgage options.
A 30-year fixed-rate mortgage typically has a higher rate than a 15-year one due to the increased risk of rate fluctuations and default over a longer term. Align your mortgage term with your financial plans and risk tolerance.
Mortgage loan types in New Hampshire come at various rates. Use a mortgage calculator to see how rates affect your monthly payments and total loan costs.
| 6.09% | APR6.31% |
An interest rate reflects how much you'll pay annually to borrow money for a mortgage. New Hampshire's average mortgage interest rate for a 30-year fixed mortgage is 6.64%.
An APR (annual percentage rate) includes the interest rate and other costs such as mortgage points and fees. The average APR for a 30-year fixed-rate mortgage in New Hampshire is 6.72%, which paints a broader picture of your yearly mortgage costs.
In New Hampshire, a credit score of 740 or higher with a 5% to 20% down payment results in an average APR of 7.32% for a 30-year fixed mortgage. For a credit score below 680, the average APR increases to 7.91%.
Your credit score and down payment significantly influence your mortgage rate in New Hampshire. Use the table below to see the rates you might get based on these factors:
| 10-year Fixed | APR6.09% |
| 15-year Fixed | APR6.34% |
| 20-year Fixed | APR6.91% |
| 30-year Fixed | APR7.16% |
| 5-year ARM | APR7.81% |
| 7-year ARM | APR7.63% |
In July 2024, 30-year fixed-rate VA loans offer the lowest average APR for 30-year fixed-rate mortgages in New Hampshire. Knowing your options helps you make better homebuying decisions. See the mortgage loan types in New Hampshire:
Mortgage Type | Definition | Impact on Rates | 30-Year Rates in New Hampshire |
|---|---|---|---|
Conventional Loans | Eligible borrowers can access conventional loans without government backing. | Rates for conventional loans may vary based on creditworthiness and down payment. | 6.72% |
FHA Loans | FHA loans are government-backed and cater to homebuyers with lower credit scores. | Mortgage rates for FHA loans are typically lower to help those with less savings. | 6.97% |
VA Loans | VA loans are available to veterans and backed by the Department of Veterans Affairs. | VA loans offer competitive rates due to government backing and no down payment. | 6.54% |
USDA Loans | USDA loans support rural homebuyers and are government-backed. | USDA loans usually have lower rates to promote housing in rural areas. | currently unavailable |
Jumbo Loans | For expensive properties, jumbo loans exceed conventional loan limits. | Jumbo loans carry higher rates due to larger loan amounts and increased risk. | 6.80% |
Mortgage rates can be fixed or adjustable.
As of July 2024, the average APR for a 30-year fixed mortgage in New Hampshire is 6.72%, while a 7-year ARM stands at 7.52%.
Truist, Rocket Mortgage and Bank of America are solid lenders in New Hampshire. They are accredited by the Better Business Bureau and provide homeowner assistance programs. More options exist, and rates vary per lender, so compare optionsto find the best deal.
Truist offers diverse mortgage products, including conventional, VA and FHA loans. Down payments start as low as 3% and vary by loan type.
Customer support via phone, social media or in-person is available Monday through Friday from 8 a.m. to 8 p.m. ET and Saturdays from 8 a.m. to 5 p.m. ET. Explore programs like Doctor Loan and Affordable Lending Options for tailored homeownership assistance.
Pros
Cons
Rocket Mortgage offers FHA, Conventional, VA and Jumbo Smart loans for purchasing or refinancing homes. Minimum credit scores range from 580 for FHA and VA loans to 620 for conventional and 680 for Jumbo Smart loans. Down payment options include as low as 1% for the ONE+ program, with the remaining 2% covered by the lender. FHA loans require 3.5% down, and conventional loans require 3%. VA loans don't require a down payment.
Customer support is available via phone or chat Monday through Friday from 8:30 a.m. to 9 p.m. ET and Saturday from 9 a.m. to 4 p.m. ET. Explore homeownership assistance programs like ONE+, HomeReady, HomePossible and Freddie Mac BorrowSmart Access for added support.
Pros
Cons
Bank of America offers online and in-person mortgage services, including fixed-rate, adjustable-rate and FHA loans. Its Affordable Loan Solution caters to those seeking a low down payment. VA loans require no down payment, and the Affordable Loan Solution allows for a minimum 3% down payment.
Customer support is available through virtual chats, phone calls and in-person sessions Monday through Friday, 8 a.m. to 10 p.m. ET, and Saturday, 8 a.m. to 6:30 p.m. ET. Homeownership assistance programs such as America’s Home Grant® and Down Payment Grant help ease financial burdens.
Pros
Cons
Owning a home involves hidden costs. To help homebuyers, New Hampshire Housing makes homeownership more affordable with its mortgage programs.
Program | Description |
|---|---|
Downpayment and Closing Cost Help | Offers up to $10,000 in cash support for down payment and closing costs through a forgivable secondary mortgage over five years. Income limits and completion of homebuyer education are required to qualify. |
1stGenHomeNH | Offers $10,000 to first-generation homebuyers who purchase a primary residence in New Hampshire and complete face-to-face homebuyer education. |
Homebuyer Tax Credit | Can reduce federal income taxes by up to $2,000 yearly. To qualify, attend a free course and reserve your credit through an approved lender in New Hampshire. |
Rehabilitation Mortgage Program | Adds up to $35,000 to your purchase mortgage for home repairs and upgrades, which can be combined with down payment assistance programs. Participants must monitor home mortgage rates in New Hampshire before applying. |
Understanding today's mortgage rates in New Hampshire is crucial for homebuyers. Here are key answers to common questions to help you make informed mortgage decisions.
Current average APRs in New Hampshire vary by loan type, credit score and down payment. In July 2024, average APRs are 7.52% for a 7-year ARM and 6.72% for a 30-year fixed conforming loan.
As of July 2024, New Hampshire's APR for a 30-year fixed-rate mortgage is 6.72%, slightly below the national average of 6.9%.
Your credit score significantly affects the mortgage rates you can qualify for in New Hampshire. Generally, a higher credit score leads to lower mortgage rates.
New Hampshire offers several mortgage programs to assist homebuyers, such as Downpayment and Closing Cost Help, 1stGenHomeNH and Homebuyer Tax Credit.
Improve your credit score, choose the right loan type for your financial situation and make a larger down payment to secure the best mortgage rate.
As of July 2024, today's refinance rates in New Hampshire are 5.93% for a 15-year fixed loan and 7.32% for a 30-year fixed one.
Use a mortgage calculator for New Hampshire to get quick and accurate calculations of your monthly mortgage payments.
About Zachary Romeo
Zachary Romeo is the Head of Loans and Banking at MoneyGeek, with over 10 years of experience and forthcoming certification as a Commercial Banking and Credit Analyst (CBCA). Previously, he led production teams for some of the largest online informational resources in higher education.
Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt through people-first content.
