Mortgage Rates in Framingham, Massachusetts — March 2026
Updated March 2026 | Based on Framingham market data and regional lending conditions
Framingham is a growing city in Massachusetts with a population of 72,032. The current 30-year fixed mortgage rate in Framingham is 6.65%, which is at the national average. With a median home price of $549,000 and a 20% down payment of $109,800, homebuyers can expect a monthly principal and interest payment of approximately $2,820.
Current Mortgage Rates in Framingham, MA
Below are the current average mortgage rates available in the Framingham 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 | 6.65% | 6.65% | 0% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Framingham Housing Market Overview
The Framingham housing market is competitive with prices well above the national median. The median household income in Framingham is $75,700, and the cost of living index is 144.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $144,386 to comfortably afford the median-priced home in Framingham, which exceeds the current median household income.
Monthly Payment Breakdown for Framingham
Based on the median home price of $549,000 with 20% down ($109,800), here is what you can expect to pay monthly in Framingham:
15-Year vs. 30-Year Mortgage in Framingham
Choosing a 15-year mortgage in Framingham at 5.91% instead of a 30-year at 6.65% would save you $351,900 in total interest over the life of the loan. However, your monthly payment would be $3,685 instead of $2,820 — an increase of $865 per month.
Calculate Your Framingham Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Framingham
What are the current mortgage rates in Framingham, MA?
As of March 2026, the average 30-year fixed mortgage rate in Framingham, Massachusetts is 6.65%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are at the national average of 6.65%.
How much is a monthly mortgage payment in Framingham?
Based on the median home price of $549,000 with 20% down, the estimated monthly mortgage payment in Framingham is $2,820 for principal and interest. Including property taxes of $549/month, the total monthly housing cost is approximately $3,369.
What income do I need to buy a home in Framingham?
Using the 28% rule, you would need an annual income of approximately $144,386 to afford the median-priced home in Framingham at $549,000. The median household income in Framingham is $75,700. This means most households would need to either earn above the median or consider homes below $549,000.
Is Framingham a good place to buy a home in 2026?
Framingham has a higher cost of living than average with a cost of living index of 144.2 (national average = 100). The property tax rate in Massachusetts is 1.2%, which is near the national average. Framingham has a population of 72,032 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 Framingham, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.