Current Mortgage Rates in Cambridge, Massachusetts

Compare mortgage rates and fees for leading lenders in Cambridge, MA. 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 lender offering the best mortgage rates in Cambridge.

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

Mortgage Rates in Cambridge, MA as of September 27, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Cambridge, MA Mortgage Rates Compare?

September 27, 2020

The current average rate for a 30 year fixed rate mortgage in Cambridge 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
Cambridge, MA Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Cambridge, Massachusetts?

Below we provide helpful information on the real estate market, home prices and housing affordability in Cambridge. Understand how much you need to earn to afford a home in Cambridge, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Cambridge fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Cambridge is right for you.

The median home value for Cambridge, MA (Middlesex County) is $585,714

Based on current mortgage rates and a 10% down payment, you need to make $105,413 per year to buy the median priced home in Cambridge

With this income, you could qualify for a $527,143 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 Cambridge is $2,441

The median household income for Cambridge, MA (Middlesex County) is $97,953

Based on this income, you can afford a home valued at approximately $544,262

The home price you can afford to buy based on household income in Cambridge is 93% of the median home value which means housing prices are expensive. Cambridge (Middlesex County) ranks 10 out of 14 counties in Massachusetts and 3,024 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Cambridge, MA is expensive


Loan Limits for Cambridge, Massachusetts

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Cambridge (Middlesex County) below.

Conforming loan limits for Cambridge, MA

1 unit: $690,000
2 units: $883,300
3 units: $1,067,750
4 units: $1,326,950

FHA loan limits for Cambridge, MA

1 unit: $690,000
2 units: $883,300
3 units: $1,067,750
4 units: $1,326,950

VA loan limits for Cambridge, MA

1 unit: $690,000

Additional Mortgage Resources for Cambridge, MA 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