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Massachusetts

Current Massachusetts Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Massachusetts. Review free, personalized mortgage rates for Massachusetts based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

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.

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Mortgage Rates for Massachusetts as of December 11, 2019
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Get Personalized Mortgage Quotes for Massachusetts

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Massachusetts Mortgage Rates Compare?

December 11, 2019

The current average rate for a 30 year fixed rate mortgage in Massachusetts is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Massachusetts Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Massachusetts?

The median home value for Massachusetts is $422,748

The median household income for Massachusetts is $78,123

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Massachusetts is $78,433

The home price you can afford to buy based on household income in Massachusetts is 100% of the median home value which means housing prices are very expensive. Massachusetts ranks 43 out of 50 states for housing affordability.

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

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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

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index