Check Latest Mortgage Rates for Boston in May 2026
Boston is a major metropolitan market in Massachusetts, the United States, with a median home price of approximately $795,000. Below you'll find the latest estimated mortgage rates for Boston, updated daily to reflect current lending conditions. Use these rates alongside our free calculators to estimate your monthly payment, compare loan types, and plan your home purchase or refinance with confidence.
Boston Mortgage Rates
Estimated rates as of 2026-05-20
| Product | Rate | APR | Points | Monthly / $100K |
|---|---|---|---|---|
| 30-Year Fixed | 6.64% | 6.76% | 0.7 | $641 |
| 15-Year Fixed | 5.89% | 5.99% | 0.5 | $838 |
| 5/1 ARM | 6.14% | 6.29% | 0.4 | $609 |
| FHA 30-Year | 6.34% | 6.52% | 0.3 | $622 |
| VA 30-Year | 6.04% | 6.12% | 0.0 | $602 |
| Jumbo 30-Year | 6.84% | 6.94% | 0.8 | $655 |
Rates shown are estimated averages based on current market conditions and may vary by lender, credit score, loan amount, and property type. Contact a licensed mortgage professional for personalized rate quotes.
Boston Mortgage Market Overview
The Boston housing market in Massachusetts represents one of the most competitive mortgage lending markets in the United States. With a median home price of $795,000, buyers in Boston have access to a range of mortgage products from both national and local lenders.
For conventional financing in Boston, the 2024 baseline conforming loan limit is generally set around $1,149,825. Given the local median property value of $795,000, most buyers will remain well within conforming bounds, avoiding the stricter requirements of jumbo loans (surpassing the $1.14M mark). Additionally, buyers seeking government-backed FHA financing will find local limits capped near $1,149,825, offering robust purchasing power for first-time buyers navigating the Massachusetts market.
As a major metropolitan hub, Boston benefits from intense lender competition. This high liquidity often translates to slightly more favorable mortgage rates compared to regional alternatives. High-balance loans are particularly common here due to elevated real estate valuations, and prospective buyers can frequently secure special incentives from lenders aggressively competing for market share.
When locking in mortgage rates in Boston, remember that your finalized Annual Percentage Rate (APR) depends on several variables: your FICO or credit score, down payment size (LTV ratio), debt-to-income (DTI) ratio, and the specific property type. The rates tracked on this page reflect aggregate market-wide averages and provide a highly accurate benchmark for your negotiations.
For the most granular projection of your true housing costs in Boston, Massachusetts, we recommend coupling these daily rates with our comprehensive mortgage calculators. This strategy ensures you understand not just the interest environment, but your precise amortization schedule and monthly cash flow obligations.
Frequently Asked Questions About Mortgages in Boston
Mortgage rates in Boston, Massachusetts are updated daily on this page. As of today, rates vary by loan type — for example, fixed-rate mortgages and adjustable-rate products will have different rates. Scroll up to our rate table for the most current figures. Remember that individual lender quotes may differ based on your credit profile and loan amount.
Mortgage rates in Boston tend to be slightly below the national average due to intense lender competition in the metro area. The rates displayed on this page reflect Boston-specific market conditions. For the most competitive rate, we recommend comparing offers from at least 3-5 lenders.
Most lenders in Boston require a minimum credit score of 620 for conventional loans, though you'll get the best rates with a score of 740 or higher. FHA loans may be available with scores as low as 580. Given the median home price of $795,000 in Boston, maintaining a strong credit score can save you tens of thousands of USD over the life of your loan through a lower interest rate.
Deep Dive: Boston Real Estate
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Use current Boston rates with our free mortgage calculator to see your exact monthly payment, interest costs, and amortization schedule.