Current Massachusetts Mortgage Rates

Compare Massachusetts mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Massachusetts.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Massachusetts. Plus, shopping lenders is free and there is no obligation.

Massachusetts Mortgage Rates as of June 26, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.


Compare Today's Massachusetts Mortgage Rates

June 26, 2022

Current mortgage rates in Massachusetts are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Massachusetts Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Massachusetts?

Below we offer valuable insights on the housing market and real estate prices in Massachusetts. Understand how much you need to make to buy a house in Massachusetts, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Massachusetts is affordable for you. We provide this helpful information to help you decide if living in Massachusetts is right for you.

The median home value for Massachusetts is $547,482

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Massachusetts is $89,703

With this income, you could qualify for a $492,734 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Massachusetts is $2,077

The median household income for Massachusetts is $94,319

Based on this income, you can afford a home valued at approximately $575,659

The home price you can afford to buy based on household income in Massachusetts is 105% of the median home value which means housing prices are very expensive. Massachusetts ranks 45 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Massachusetts is very expensive


Additional Mortgage Resources for Massachusetts Residents

Mortgage Rates for Massachusetts Cities

Amherst Mortgage Rates

Barnstable Town Mortgage Rates

Boston Mortgage Rates

Cambridge Mortgage Rates

Essex Mortgage Rates

New Bedford Mortgage Rates

Norfolk Mortgage Rates

Pittsfield Mortgage Rates

Plymouth Mortgage Rates

Springfield Mortgage Rates

Worcester Mortgage Rates