Mortgage rates in Nebraska
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
Nebraska’s property-tax rate is among the highest in the Midwest. Below is what buying at Nebraska's median price looks like at today's national average rate, plus the local property tax and assistance that actually change your payment.
What a mortgage costs in Nebraska
The interest rate on a Nebraska mortgage is the same 6.49% national average a lender would quote anywhere — rates are set by the bond market, not by your state. On Nebraska's median $350,000 home with 20% down, the mortgage totals $280,000, or about $1,768 a month in principal and interest.
What makes Nebraska different is the cost around the loan. Its 1.54% effective property-tax rate adds roughly $449 a month, and homeowners insurance about $131 more — bringing the all-in estimate to $2,348. Those local costs, not the interest rate, are what set Nebraska apart. Your own price and down payment will move the number — work backward from your income with the home-price affordability tool.
Getting approved in Nebraska
Federal HMDA lending records show Nebraska lenders originated 43,920 home loans in 2025 and denied 8,182 applications — an approval rate near 84.3% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our nationwide approval report, and how Nebraska ranks for complaint rankings (1,205 on record).
Shopping for a loan? See the most active mortgage lenders in Nebraska, ranked by federal HMDA volume.
Down-payment help in Nebraska
You rarely need 20% down. NIFA — Nebraska's housing finance agency — runs the state's main assistance program: NIFA’s Homebuyer Assistance program covers down payment and closing costs. Eligibility usually turns on income limits and a homebuyer-education course. Check current terms at NIFA, see how a smaller down payment changes your number with the how-much-down calculator, or compare the full state-by-state directory.
Nebraska mortgage FAQ
What is the current mortgage rate in Nebraska?
As of July 9, 2026, the U.S. average 30-year fixed rate is 6.49%. The note rate itself is set nationally, not by state — a lender prices your Nebraska loan the same way it would anywhere, based on your credit, down payment and loan type.
What changes locally is everything around the rate: Nebraska's ~1.54% effective property tax, insurance costs, and which assistance programs apply.
What is the monthly payment on a typical Nebraska home?
On Nebraska's median home price of about $350,000 with 20% down at today's 6.49% average 30-year rate, expect roughly $2,348/month — that's $1,768 principal and interest plus about $449 property tax and $131 insurance. Adjust the numbers for your exact price and down payment in our calculators.
How hard is it to get approved for a mortgage in Nebraska?
In 2025, Nebraska lenders originated 43,920 home loans and denied 8,182 applications — an approval rate of about 84.3% among decisioned applications, versus 76.6% nationally, according to federal HMDA data. See how every state ranks in our mortgage approval report.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.