What is the average mortgage rate in Massachusetts in 2026?
Around 7.46% as of October 19, 2026 on a 30-year fixed in this national benchmark model — in line with the US average shown above.
Best Mortgage Rates Massachusetts 2026
Massachusetts home prices average around $598,000 in 2026. The state taxes income at a flat 5% rate and charges a state deed excise tax of $4.56 per $1,000 of sale price.
30-year fixed
7.46%
National avg
15-year fixed
6.82%
National avg
5/1 ARM
6.82%
National avg
| Product | Rate (APR) |
|---|---|
| 30-year fixed (national avg) | 7.46% |
| 15-year fixed (national avg) | 6.82% |
| 5/1 ARM (national avg) | 6.82% |
Rates verified Oct 21, 2026
Rates shown are national benchmark averages for this page, not live quotes from lenders. Confirm pricing with banks and brokers in Massachusetts. Not financial advice.
Massachusetts at a glance
- Average home price: $598,000
- State income tax: Yes (5% flat rate on taxable income)
- Transfer / conveyance tax: Yes — state deed excise $4.56 per $1,000
- Typical monthly payment: $3,332/mo on $598,000 with 20% down, 30-year term, at 7.46% — excludes taxes, insurance, and HOA.
Frequently Asked Questions
Does Massachusetts have a real estate transfer tax?
Massachusetts imposes a state deed excise tax of $4.56 per $1,000 of the sale price (0.456%) on most transfers.
What is the average home price in Massachusetts in 2026?
$598,000 — used here as an illustrative average for payment math.
How much do I need to earn to afford a home in Massachusetts?
To afford $598,000 with 20% down at 7.46% on a 30-year loan, many lenders use debt-to-income rules that imply approximately $140,000–$145,000 annual income before taxes — your lender may differ.
US mortgage calculator · Educational reference only. Not financial or lending advice.