Rates as of July 1, 2026
| Program | Mortgage Rate | APR* | Change |
|---|---|---|---|
| Conventional 30-year fixed | |||
| Conventional 30-year fixed | 6.563% | 6.648% | Unchanged |
| Conventional 15-year fixed | |||
| Conventional 15-year fixed | 5.938% | 6.057% | Unchanged |
| 30-year fixed FHA† | |||
| 30-year fixed FHA† | 6.453% | 6.5% | +0.32 |
| 30-year fixed VA† | |||
| 30-year fixed VA† | 6.557% | 6.614% | +0.42 |
| Conventional 20-year fixed | |||
| Conventional 20-year fixed | 6.375% | 6.625% | -0.09 |
| † National average shown — statewide North Dakota data for this loan type isn't available yet. | |||
| Rates are provided by our partner network, and may not reflect the market. Your rate might be different. Click here for a personalized rate quote. See our rate assumptions See our rate assumptions here. | |||
Buying a Home in North Dakota
In North Dakota, laws regarding the sale of a house tend to favor the seller over the buyer.
There are no laws in the state requiring the seller to disclose any known problems or defects with the property. Therefore buyers are well-advised to make a thorough home inspection of their own — preferably using a licensed and reputable home inspector.
The law in the state says that if the home buyer doesn’t have proper representation by a licensed real estate broker, then the seller's agent must help to close the contract. Many buyers, of course, decide to use the services of an attorney to represent their best interests.
North Dakota real estate laws are also slightly different from other states when it comes to sales taxes.
In North Dakota, there are certain taxes that will be applied to the sales and profits of a property. These are closely regulated, and all transactions must comply by using the correct state paperwork. See the state’s home sales tax guidelines for more information.
Refinancing in North Dakota
There are state laws covering mortgage refinances in North Dakota. But they mostly govern lenders and are unlikely to affect you — the borrower — very much.
In other words, it won’t be any easier or harder to get approved for a refinance in North Dakota than it is in other states. But the North Dakota Housing Finance Agency (NDHFA) reminds those thinking of refinancing to keep an eye on costs. It gives an example:
Suppose you’re currently paying $800 per month for your mortgage. If you refinance, that will go down to $700. You’re saving $100 a month. But what if your refinancing costs come in at $3,000? Does that mean it’s not worth it?
Probably not in most circumstances. In fact, that sounds great for most borrowers. Where else could you invest $3,000 and get a return of $1,200 every year?
But what if you might have to move in two years’ time? Then you’d have recovered only $2,400 of your $3,000 “investment” and would lose $600.
The NDHFA example is a very simple one. But it’s a reminder that refinancing is often a form of investment. And that means it should be viewed as such: a matter of dollars and cents.
Use The Mortgage Reports refinance calculator to model your options. It could help you make the smartest decision.