Mortgage Rates in Blaine, Minnesota — March 2026
Updated March 2026 | Based on Blaine market data and regional lending conditions
Blaine is a growing city in Minnesota with a population of 70,222. The current 30-year fixed mortgage rate in Blaine is 6.64%, which is 0.01% below the national average. With a median home price of $286,000 and a 20% down payment of $57,200, homebuyers can expect a monthly principal and interest payment of approximately $1,467.
Current Mortgage Rates in Blaine, MN
Below are the current average mortgage rates available in the Blaine area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.64% | 6.65% | -0.01% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Blaine Housing Market Overview
The Blaine housing market offers relatively affordable housing compared to many major cities. The median household income in Blaine is $75,100, and the cost of living index is 94 (national average = 100). Based on the 28% affordability rule, the median income in Blaine is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Blaine
Based on the median home price of $286,000 with 20% down ($57,200), here is what you can expect to pay monthly in Blaine:
15-Year vs. 30-Year Mortgage in Blaine
Choosing a 15-year mortgage in Blaine at 5.9% instead of a 30-year at 6.64% would save you $182,880 in total interest over the life of the loan. However, your monthly payment would be $1,918 instead of $1,467 — an increase of $451 per month.
Calculate Your Blaine Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Blaine
What are the current mortgage rates in Blaine, MN?
As of March 2026, the average 30-year fixed mortgage rate in Blaine, Minnesota is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Blaine?
Based on the median home price of $286,000 with 20% down, the estimated monthly mortgage payment in Blaine is $1,467 for principal and interest. Including property taxes of $267/month, the total monthly housing cost is approximately $1,734.
What income do I need to buy a home in Blaine?
Using the 28% rule, you would need an annual income of approximately $74,314 to afford the median-priced home in Blaine at $286,000. The median household income in Blaine is $75,100. The median income is currently sufficient to meet this threshold.
Is Blaine a good place to buy a home in 2026?
Blaine offers a below-average cost of living with a cost of living index of 94 (national average = 100). The property tax rate in Minnesota is 1.12%, which is near the national average. Blaine has a population of 70,222 and offers a very affordable lifestyle.
Mortgage Rates in Other Minnesota Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Blaine, Minnesota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.