Mortgage Rates in Dallas, Texas — March 2026
Updated March 2026 | Based on Dallas market data and regional lending conditions
Dallas is a major metropolitan area in Texas with a population of 1,304,379. The current 30-year fixed mortgage rate in Dallas is 6.7%, which is 0.05% above the national average. With a median home price of $315,000 and a 20% down payment of $63,000, homebuyers can expect a monthly principal and interest payment of approximately $1,626.
Current Mortgage Rates in Dallas, TX
Below are the current average mortgage rates available in the Dallas 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Dallas Housing Market Overview
The Dallas housing market reflects moderate demand with prices near the national average. The median household income in Dallas is $54,747, and the cost of living index is 101.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $89,957 to comfortably afford the median-priced home in Dallas, which exceeds the current median household income.
Monthly Payment Breakdown for Dallas
Based on the median home price of $315,000 with 20% down ($63,000), here is what you can expect to pay monthly in Dallas:
15-Year vs. 30-Year Mortgage in Dallas
Choosing a 15-year mortgage in Dallas at 5.94% instead of a 30-year at 6.7% would save you $204,120 in total interest over the life of the loan. However, your monthly payment would be $2,118 instead of $1,626 — an increase of $492 per month.
Calculate Your Dallas 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 Dallas
What are the current mortgage rates in Dallas, TX?
As of March 2026, the average 30-year fixed mortgage rate in Dallas, Texas is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Dallas?
Based on the median home price of $315,000 with 20% down, the estimated monthly mortgage payment in Dallas is $1,626 for principal and interest. Including property taxes of $473/month, the total monthly housing cost is approximately $2,099.
What income do I need to buy a home in Dallas?
Using the 28% rule, you would need an annual income of approximately $89,957 to afford the median-priced home in Dallas at $315,000. The median household income in Dallas is $54,747. This means most households would need to either earn above the median or consider homes below $315,000.
Is Dallas a good place to buy a home in 2026?
Dallas has a moderate cost of living with a cost of living index of 101.2 (national average = 100). The property tax rate in Texas is 1.8%, which is above the national average. As a major city with 1,304,379 residents, Dallas offers diverse employment opportunities and amenities.
Mortgage Rates in Other Texas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Dallas, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.