Today's Mortgage Rates in South Carolina

Explore South Carolina Mortgage Rates trend

According to data from Freddie Mac's Primary Mortgage Market Survey and Optimal Blue Mortgage Market Indices, As of the latest data, mortgage rates continue to exhibit both upward and downward trends across various loan programs. Here's a snapshot of the recent changes:

• 30-Year Fixed-Rate in South Carolina: The average rate for 30-Year Fixed-Rate is now at 6.20%. Over the past week, we've seen a decrease of -0.15%, while the rates have decreased by -0.26% over the past month. Looking back a year, the rate has decreased by -0.67%.
• 15-Year Fixed-Rate in South Carolina: The average rate for 15-Year Fixed-Rate is now at 5.27%. Over the past week, we've seen a decrease of -0.20%, while the rates have decreased by -0.35% over the past month. Looking back a year, the rate has decreased by -0.86%.
• 5/1 Adjustable Rate in South Carolina: The average rate for 5/1 Adjustable Rate is now at 6.06%. Over the past week, we've seen a slight increase of 0.11%, while the rates have risen by 0.35% over the past month. Looking back a year, the rate has risen by 1.67%.
• FHA 30-Year Fixed-Rate in South Carolina: The average rate for FHA 30-Year Fixed-Rate is now at 5.95%. Over the past week, we've seen a slight increase of 0.02%, while the rates have decreased by -0.04% over the past month. Looking back a year, the rate has decreased by -0.21%.
• Jumbo 30-Year Fixed-Rate in South Carolina: The average rate for Jumbo 30-Year Fixed-Rate is now at 6.48%. Over the past week, we've seen a slight increase of 0.15%, while the rates have decreased by -0.28% over the past month. Looking back a year, the rate has decreased by -0.17%.
• VA 30-Year Fixed-Rate in South Carolina: The average rate for VA 30-Year Fixed-Rate is now at 5.47%. Over the past week, we've seen a slight increase of 0.05%, while the rates have decreased by -0.17% over the past month. Looking back a year, the rate has decreased by -0.30%.
• USDA 30-Year Fixed-Rate in South Carolina: The average rate for USDA 30-Year Fixed-Rate is now at 5.95%. Over the past week, we've seen a slight increase of 0.08%, while the rates have decreased by -0.10% over the past month. Looking back a year, the rate has decreased by -0.19%.

Buying a Home in South Carolina with Today's Mortgage Rates: Explore Your Loan Options

Discover a wide array of options, including FHA Loans, VA Loans, Jumbo Loans, 30-year Fixed Loans, and 15-year Fixed Loans, customized to perfectly suit your home-buying journey in South Carolina.

When considering your home purchase in South Carolina, take into account factors such as your financial situation, long-term plans, and the specific property you're interested in. Consult with local mortgage brokers or lenders who understand the South Carolina real estate market to receive personalized advice.

Calculate Monthly Payment with Current South Carolina Mortgage Rates

South Carolina Mortgage Calculator is easy, free, and a must-have tool for prospective South Carolina homebuyers and those considering refinancing. With this Mortgage Calculator, you can

• Get Fast Payment Estimates: Discover your approximate monthly mortgage payment based on current South Carolina mortgage rates.
• Experiment with Scenarios: Play with different loan amounts, interest rates, and terms to determine the ideal mortgage for your budget.
• Budget Smartly: Pinpoint the perfect home price in South Carolina that aligns with your financial goals.
• Stay Informed: Stay updated on the latest South Carolina mortgage rates for confident decision-making.

How to Find the Best Mortgage Rates in South Carolina

When it comes to securing the best mortgage rates in South Carolina, a little research and diligence can save you a significant amount of money over the life of your loan. Mortgage rates can vary depending on a variety of factors, so here are some steps to help you find the most favorable rates in South Carolina:

• Check Your Credit Score: Start by checking your credit score. Lenders use this score to determine your creditworthiness, and a higher score often leads to better mortgage rates. If your score needs improvement, take steps to boost it before applying for a mortgage.
• Research Lenders: Look for reputable lenders in South Carolina. You can explore local banks, credit unions, and online lenders. Each may offer different rates and loan options, so it's essential to compare multiple lenders.
• Compare Rates Online: Use online mortgage rate comparison tools to get an idea of the current rates in South Carolina. These tools provide a snapshot of the rates offered by various lenders, allowing you to see which ones are competitive.
• Get Personalized Quotes: Request personalized mortgage rate quotes. Be prepared to provide information about your financial situation, such as your credit score, income, and the type of mortgage you're seeking.
• Negotiate and Shop Around: Don't be afraid to negotiate with lenders and ask if they can match or beat the rates you've received from other lenders. Shopping around is key to finding the best deal.
• Consider Macro and Local Factors: Be aware that local factors in South Carolina, such as housing market conditions and economic trends, can impact mortgage rates. Stay informed about the state's real estate landscape.
• Understand All Costs: Beyond the interest rate, consider all associated costs, including closing costs and fees. A lower rate with high fees may not be the best deal overall. Use South Carolina Closing Cost Calculator to estimate closing cost.

Finding the best mortgage rates in South Carolina requires research, patience, and a good understanding of your financial situation. By following these steps and taking the time to compare options, you can secure a mortgage rate that aligns with your goals and saves you money over time.