Question 1

What are current mortgage rates in South Carolina?

Accepted Answer

As of March 2026, mortgage rates in South Carolina are in line with national averages. The 30-year fixed rate ranges from 6.5% to 7.2%, the 15-year fixed from 5.9% to 6.5%, and the 5/1 ARM from 5.8% to 6.4% for borrowers with good credit (700+). The best rates (starting at 6.5% for 30-year fixed) are available to borrowers with 750+ credit scores and 20%+ down payments.

Question 2

What is the South Carolina housing market like?

Accepted Answer

South Carolina's housing market has been shaped by migration from Northeast states and retirees seeking warmer climates. Charleston has become one of the most expensive markets in the Southeast, driven by tourism, tech growth, and lifestyle appeal. Myrtle Beach remains more affordable. Columbia and Greenville are competitive mid-sized markets with growing economies.

Question 3

How do I get the best mortgage rate in South Carolina?

Accepted Answer

To get the best mortgage rate in South Carolina, compare quotes from at least 3–5 lenders including local banks, credit unions, and online lenders. A credit score of 750 or higher, a down payment of 20% or more, and a low debt-to-income ratio will qualify you for the lowest rates. Use our Loan Finder tool to identify which loan type best fits your situation.

Mortgage Rates in South Carolina Today

Current Rate Ranges in South Carolina

South Carolina Housing Market Overview