Today's 30-year mortgage rate in New Hampshire is 6.15%, lower than the national average of 6.83%. New Hampshire homebuyers can access programs like Downpayment and Closing Cost Help and the 1stGenHomeNH initiative to save money.
Mortgage
Today's Mortgage Rates in New Hampshire (December 2024)
Updated: December 13, 2024
Advertising & Editorial Disclosure
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 in December 2024.
Current Mortgage Rates in New Hampshire
In December 2024, the average APR for a 30-year fixed mortgage in New Hampshire is 6.15%, down from 6.68% in November. This results in a decrease in total interest cost of about $4,262 over the life of a $250,000 loan with a 20% down payment, excluding property taxes and HOA fees.
Rates shift frequently due to changing economic conditions and Federal Reserve actions. The line chart below shows the recent month-to-month changes in mortgage rates.
Even small changes in mortgage rates can significantly impact your finances. Understanding the current mortgage rate in New Hampshire can help you budget effectively.
Who Needs to Know Current Mortgage Rates in New Hampshire?
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.
For a 30-year fixed mortgage in New Hampshire, the purchase APR is 6.15%, while the refinance APR is 6.54%.
SEE CURRENT MORTGAGE RATES IN NEIGHBORING STATES
Current Mortgage Rates in New Hampshire by Loan Type
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 types in New Hampshire come at various rates. Use a mortgage calculator to see how rates affect your monthly payments and total loan costs.
Data filtered by:Results filtered by:
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Loan Type:15-Year Fixed
| 5.69% | 5.85% |
INTEREST RATE VS. APR: WHAT'S THE DIFFERENCE?
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 6.06%.
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 6.15%, which gives a broader view of your yearly mortgage costs.
Current Mortgage Rates in New Hampshire by Credit Score
In New Hampshire, a credit score of 740 or higher with a 5% to 20% down payment results in an average APR of 7.18% for a 30-year fixed mortgage. For a credit score below 680, the average APR increases to 8.44%.
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.
Data filtered by:Results filtered by:
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Credit Score Range:740 or higher
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Down Payment:5% to 20%
| 15-year Fixed | 6.26% |
| 20-year Fixed | 6.60% |
| 30-year Fixed | 7.18% |
| 5-year ARM | 7.95% |
| 7-year ARM | 7.43% |
Mortgage Types in New Hampshire
In December 2024, conventional loans offer the lowest average APR for 30-year fixed-rate mortgages in New Hampshire at 6.15%. Knowing your options helps you make better homebuying decisions.
Mortgage Type | Definition | Impact on Rates | 30-Year Rates in New Hampshire |
|---|---|---|---|
Conventional loans | Conventional loans aren't backed by government entities. | Credit score and down payment size influence rates. | 6.15% |
FHA loans | FHA loans are insured by the Federal Housing Administration. | Rates can be lower due to government backing, attracting first-time buyers. | 7.82% |
VA loans | VA loans are guaranteed by the Department of Veterans Affairs. | Rates are competitive due to government backing. | 6.25% |
USDA loans | USDA loans are backed by the U.S. Department of Agriculture. | Rates can be lower due to government backing and income restrictions. | currently unavailable |
Jumbo loans | Jumbo loans exceed conforming loan limits set by Fannie Mae and Freddie Mac. | Rates are often higher due to the larger loan amounts and increased risk. | 6.42% |
MORTGAGE RATE STRUCTURES IN NEW HAMPSHIRE
Mortgage rates can be fixed or adjustable.
- Fixed-rate mortgages lock in your interest rate, resulting in stable monthly payments throughout the loan term.
- Adjustable-rate mortgages (ARM) start with lower rates that adjust periodically based on market conditions, which can lead to lower payments when rates decrease.
As of December 2024, the average APR for a 30-year fixed mortgage in New Hampshire is 6.15%, while a seven-year ARM is 7.46%.
Mortgage Lenders in New Hampshire
Truist, Rocket Mortgage and Bank of America are solid lenders in New Hampshire. They are accredited by the Better Business Bureau (BBB) and provide homeowner assistance programs. More options exist, and rates vary per lender, so compare options to find the best deal.
- Truist
- 4Number of Mortgage Options
- YesOnline Application
- A+BBB Rating
- Monday to Friday, 8 am to 8 pm ET Saturday, 8 am to 5 pm ETCustomer Service Hours
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. For tailored homeownership assistance, explore programs like Doctor Loan and Affordable Lending Options.
Pros
- Unique mortgage products
- Online amortization calculator available
- Affordable loan options
Cons
- Information requires a professional consult
- No mortgage payment relief options
- Rocket
- 4Number of Mortgage Options
- YesOnline Application
- A+BBB Rating
- Monday to Friday, 8:30 am to 9:00 pm ET Saturday, 9:00 am to 4:00 pm ETCustomer Service Hours
Rocket Mortgage offers FHA, conventional, VA and jumbo 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. For added support, explore homeownership assistance programs like ONE+, HomeReady, HomePossible and Freddie Mac BorrowSmart Access.
Pros
- Online prequalification
- Homebuyer programs through the Fannie Mae/Freddie Mac partnership
- Covers 2% of downpayment with ONE+ program
Cons
- No in-person branches
- USDA loans are not available
- Bank of America
- 6Number of Mortgage Options
- YesOnline Application
- ABBB Rating
- Monday to Friday, 8 am to 10 pm ET Saturday 8 am to 6:30 pm ETCustomer Service Hours
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
- Unique mortgage products like Affordable Loan Solution
- Payment forbearance via the Client Assistance Program
- Online calculators for closing costs and affordability
Cons
- Profile needed to prequalify online
- Minimum credit score requirement unclear
- Higher rates than some competitors
Mortgage Programs in New Hampshire
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. |
FAQ: Mortgage Rates in New Hampshire
Understanding today's mortgage rates in New Hampshire is crucial for homebuyers. Here are key answers to common questions to help you make informed decisions.
What are the current mortgage rates in New Hampshire?
Current average APRs in New Hampshire vary based on loan type. As of December 2024, a 30-year fixed conforming loan has an average APR of 6.15%, while a seven-year jumbo ARM's average APR is 7.21%.
How do mortgage rates in New Hampshire compare to national rates?
As of December 2024, New Hampshire's average APR for a five-year ARM is 7.30%, lower than the national average of 7.79%. A 30-year fixed-rate mortgage has a 6.15% state average APR, also below the national average of 6.83%.
How does my credit score impact the mortgage rates I get in New Hampshire?
Your credit score plays a significant role in setting your rates. Higher scores often secure lower mortgage rates, reflecting a lower credit risk to lenders.
Are there any special mortgage programs in New Hampshire to help homebuyers?
Mortgage programs like the Downpayment and Closing Cost Help, 1stGenHomeNH, and the Homebuyer Tax Credit support homebuyers in New Hampshire.
How can I get the best possible mortgage rate in New Hampshire?
To secure the best mortgage rate in New Hampshire, consider making a larger down payment, improving your credit score and comparing offers from multiple lenders.
What are today's mortgage refinance rates in New Hampshire?
As of December 2024, today's refinance rates in New Hampshire average 6.54% for a 30-year fixed and 5.89% for a 15-year fixed loan.
How do I calculate my mortgage payments?
Use a mortgage calculator for New Hampshire to estimate your monthly payments based on the loan amount, interest rate and repayment term.
About Zachary Romeo, CBCA
Zachary Romeo is a certified Commercial Banking and Credit Analyst (CBCA), and the Head of Loans and Banking at MoneyGeek. Previously, he led production teams for some of the largest online informational resources in higher education, with over 13 years of experience in editorial production.
Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt and helping others do the same through people-first content.
sources
- New Hampshire Housing. "Mortgage Programs." Accessed December 13, 2024.