Mortgage Lending | Mortgage Rates

Current South Carolina Mortgage Rates:

Columbia Mortgage Place is your source for lending in Columbia SC.  Looking for the lowest possible interest rate on your next mortgage or refinance? Use our QUICK CONTACT to get someone working on a no-obligation, lowest rate comparison quote today.

The following interest rates are based on averages available for today. Actual interest rate offers may be higher or lower. Please use this information as a guide to trends in real estate mortgage rates in South Carolina.


The above estimates are an average of availability and do not reflect an exact interest rate you may be offered. Your actual interest rate may vary up or down based on many factors such as: the type of mortgage you qualify for, the type of property,  credit score, amount financed and loan to value among other factors.

How to read our interest rate chart

Two columns above show the average interest rate for both fixed rate 15 year and 30 year term loans and also the average rate on a 5/1 ARM (Adjustable Rate Mortgage). Fixed rates of course carry a fixed interest rate for the duration of the loan term, 15-30 years.  The 5/1 ARM is adjustable. The “5” stands for a 5-year introductory period in which the interest rate remains fixed. The “1” shows the interest rate is subject to adjustment once per year after the introductory period expires.

The second column reflects last weeks interest rate and the arrow depicts a quick graphic view of the interest rate falling or rising from last weeks averages.

Keep in mind that this is a basic snapshot view and we have other programs available. Many lender today offer offer a “hybrid ARM,” or “fixed-period ARM,” which has an initial fixed interest rate period that typically will keep hold the rater for 3, 5, 7 or even 10 years. After the introductory fixed-rate period expires, the interest rate begins its adjustable period each year for the remainder of the loan.

So, keep in mind that if you are going to remain in your home purchase for a very long time, the fixed rate options will probably be a better choice for you. But, if you are like many people and remain in your home only a few years then the lower interest rate and lower payment during the introductory period could be beneficial. Or, for first time home buyers you may be better financially prepared for a higher payment later. Our mortgage specialist are here to assist you and answer your questions to help determine which loan term might be best for you situation.


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