Mortgage rates in Massachusetts
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
Greater Boston is one of the most expensive metros outside the West Coast. Below is what buying at Massachusetts's median price looks like at today's national average rate, plus the local property tax and assistance that actually change your payment.
What a mortgage costs in Massachusetts
The interest rate on a Massachusetts mortgage is the same 6.49% national average a lender would quote anywhere — rates are set by the bond market, not by your state. On Massachusetts's median $759,500 home with 20% down, the loan works out to $607,600, or about $3,836 a month in principal and interest.
What makes Massachusetts different is the cost around the loan. Its 1.12% effective property-tax rate adds roughly $709 a month, and homeowners insurance about $285 more — bringing the all-in estimate to $4,830. Those local costs, not the interest rate, are what set Massachusetts apart. Your own price and down payment will move the number — work backward from your income with the affordability estimator.
Getting approved in Massachusetts
Federal HMDA lending records show Massachusetts lenders originated 135,614 home loans in 2025 and denied 35,105 applications — an approval rate near 79.4% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our mortgage approval report, and how Massachusetts ranks for lender complaints (9,245 on record).
Shopping for a loan? See the most active mortgage lenders in Massachusetts, ranked by federal HMDA volume.
Down-payment help in Massachusetts
You rarely need 20% down. MassHousing — Massachusetts's housing finance agency — runs the state's main assistance program: MassHousing down-payment assistance covers up to 10% (max $50,000 in some cities). Eligibility usually turns on income limits and a homebuyer-education course. Check current terms at MassHousing, see how a smaller down payment changes your number with the down-payment estimator, or compare assistance in every state.
Massachusetts mortgage FAQ
What is the current mortgage rate in Massachusetts?
As of July 9, 2026, the U.S. average 30-year fixed rate is 6.49%. The note rate itself is set nationally, not by state — a lender prices your Massachusetts loan the same way it would anywhere, based on your credit, down payment and loan type.
What changes locally is everything around the rate: Massachusetts's ~1.12% effective property tax, insurance costs, and which assistance programs apply.
What is the monthly payment on a typical Massachusetts home?
On Massachusetts's median home price of about $759,500 with 20% down at today's 6.49% average 30-year rate, expect roughly $4,830/month — that's $3,836 principal and interest plus about $709 property tax and $285 insurance. Adjust the numbers for your exact price and down payment in our calculators.
How hard is it to get approved for a mortgage in Massachusetts?
In 2025, Massachusetts lenders originated 135,614 home loans and denied 35,105 applications — an approval rate of about 79.4% among decisioned applications, versus 76.6% nationally, according to federal HMDA data. See how every state ranks in our mortgage approval report.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.