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Understanding current mortgage rates and refinance rates in Nebraska is essential if you’re planning to buy a home or refinance your existing mortgage. These rates directly impact monthly payments and long-term borrowing costs, but they fluctuate based on numerous factors, including market trends, economic conditions and federal policies.

We evaluated the current Nebraska mortgage and refinance rates to help you understand these fluctuations and navigate the Nebraska housing market. Our team also looked at mortgage rate trends and tips for buying a home and finding the best mortgage rates in Nebraska. Keeping an eye on current rates can help you save money on your mortgage and stay within your budget.

Today’s Mortgage Rates in Nebraska

Nebraska’s average APR on a 30-year mortgage increased 0.088 points to 6.331% over the past week, according to data from the Mortgage Research Center. The rate is down 0.24 points over the last 90 days and basically flat over the last 30 days.

The state’s average APR for the benchmark 15-year fixed mortgage rose 0.124 points to 5.464% over the past week. Over the last 90 days, the rate is down 0.098 points; it’s up 0.071 points over the last 30 days.

The average APR for a 30-year jumbo mortgage climbed 0.062 points to 6.76% since last week. It’s down 0.093 points over the last 90 days and up 0.078 points over the last 30 days.

30-year fixed-rate mortgage:

• Today. The average APR for the benchmark 30-year fixed mortgage is 6.331%.
• Last week. 6.243%.

15-year fixed-rate mortgage:

• Today. The average APR on a 15-year fixed mortgage is 5.464%.
• Last week. 5.34%.

30-year fixed-rate jumbo mortgage:

• Today. The average APR on the 30-year fixed-rate jumbo mortgage is 6.76%.
• Last week. 6.698%.

Today’s Refinance Rates in Nebraska

Nebraska’s average APR for the benchmark 30-year fixed refinance mortgage increased 0.047 points to 6.385% compared to a week ago. The rate is down 0.236 points over the last 90 days and down 0.022 points over the last 30 days.

The average APR in the state on a 15-year refinanced mortgage climbed 0.11 points to 5.436% weekly. Over the last 90 days, the rate is down 0.13 points over the last 90 days; it’s up 0.079 points over the last 30 days.

For jumbo 30-year refinanced mortgages, the average APR increased 0.059 points to 6.794% week-to-week. It’s down 0.158 points over the last 90 days and up 0.064 points over the last 30 days.

30-year fixed-rate refinance mortgage:

• Today. The average APR for the benchmark 30-year fixed mortgage is 6.385%.
• Last week. 6.338%.

15-year fixed-rate refinance mortgage:

• Today. The average APR on a 15-year fixed mortgage is 5.436%.
• Last week. 5.326%.

30-year fixed-rate jumbo refinance mortgage:

• Today. The average APR on the 30-year fixed-rate jumbo mortgage is 6.794%.
• Last week. 6.735%.

Nebraska Mortgage Rate Trends

Understanding mortgage rate trends can help you make more informed home-buying decisions. They can also help you decide when to refinance your current mortgage or lock in a rate for a second mortgage. Depending on your other qualifications as a borrower, analyzing Nebraska mortgage rate trends may also help you reduce borrowing costs over the life of your mortgage.

Nebraska’s mortgage rates have trended downward over the last three months, as have national rates.

Nebraska Mortgage Rates vs. National Mortgage Rates

Although state mortgage rates generally move in line with the national average, there are state-level differences.

Today’s average mortgage rate in Nebraska is 6.331%, while the national average rate is 6.335%. That’s 0.004 percentage points lower than the national average.

Nebraska’s mortgage refinance rate today is 6.385% versus the national average of 6.389% – 0.004 percentage points lower than the national average.

Use the chart below to explore the differences between states.

Buying a House in Nebraska

Whether you’re drawn to Nebraska’s wide-open spaces, friendly communities or affordable housing market, the state can be an exciting place to plant roots. From small-town living in Valentine to urban convenience in Omaha, the Cornhusker State offers options for a range of lifestyles and price points. A local real estate agent can make it easier to find the neighborhood and house of your dreams while staying within budget. Understanding local real estate trends and rules can further streamline your next move.

How to Get the Best Mortgage Rates in Nebraska

You’ll need to do a bit of planning and research to get the best mortgage rates in Nebraska. Current interest rates and trends can vary widely across different regions, so start by understanding what to expect in your area. Then, shop around to compare offers from multiple lenders, including banks, credit unions and online mortgage providers.

You may also qualify for more favorable rates if you maintain a strong credit score, provide a substantial down payment and demonstrate a stable financial history. Consult with a local mortgage broker or financial advisor who’s familiar with the Nebraska housing market to gain valuable insights and navigate the process more efficiently. By staying informed and proactive, you can find a mortgage rate that best fits your financial situation and home-buying goals.