Mortgage Rates in Fall River, Massachusetts — March 2026
Updated March 2026 | Based on Fall River market data and regional lending conditions
Fall River is a growing city in Massachusetts with a population of 93,885. The current 30-year fixed mortgage rate in Fall River is 6.6%, which is 0.05% below the national average. With a median home price of $335,000 and a 20% down payment of $67,000, homebuyers can expect a monthly principal and interest payment of approximately $1,712.
Current Mortgage Rates in Fall River, MA
Below are the current average mortgage rates available in the Fall River 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 | 6.6% | 6.65% | -0.05% |
| 15-Year Fixed | 5.84% | 5.89% | -0.05% |
| 5/1 ARM | 6.1% | 6.15% | -0.05% |
| FHA | 6.2% | 6.25% | -0.05% |
| VA | 6% | 6.05% | -0.05% |
| Jumbo | 6.8% | 6.85% | -0.05% |
Fall River Housing Market Overview
The Fall River housing market reflects moderate demand with prices near the national average. The median household income in Fall River is $42,250, and the cost of living index is 100.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $87,729 to comfortably afford the median-priced home in Fall River, which exceeds the current median household income.
Monthly Payment Breakdown for Fall River
Based on the median home price of $335,000 with 20% down ($67,000), here is what you can expect to pay monthly in Fall River:
15-Year vs. 30-Year Mortgage in Fall River
Choosing a 15-year mortgage in Fall River at 5.84% instead of a 30-year at 6.6% would save you $213,480 in total interest over the life of the loan. However, your monthly payment would be $2,238 instead of $1,712 — an increase of $526 per month.
Calculate Your Fall River 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 Fall River
What are the current mortgage rates in Fall River, MA?
As of March 2026, the average 30-year fixed mortgage rate in Fall River, Massachusetts is 6.6%, while the 15-year fixed rate is 5.84%. FHA loans average 6.2% and VA loans 6%. These rates are 0.05% below the national average of 6.65%.
How much is a monthly mortgage payment in Fall River?
Based on the median home price of $335,000 with 20% down, the estimated monthly mortgage payment in Fall River is $1,712 for principal and interest. Including property taxes of $335/month, the total monthly housing cost is approximately $2,047.
What income do I need to buy a home in Fall River?
Using the 28% rule, you would need an annual income of approximately $87,729 to afford the median-priced home in Fall River at $335,000. The median household income in Fall River is $42,250. This means most households would need to either earn above the median or consider homes below $335,000.
Is Fall River a good place to buy a home in 2026?
Fall River has a moderate cost of living with a cost of living index of 100.5 (national average = 100). The property tax rate in Massachusetts is 1.2%, which is near the national average. Fall River has a population of 93,885 and offers a balanced lifestyle.
Mortgage Rates in Other Massachusetts Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Fall River, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.