Mortgage Rates in Lewes, Delaware — March 2026
Updated March 2026 | Based on Lewes market data and regional lending conditions
Lewes is a growing city in Delaware with a population of 3,266. The current 30-year fixed mortgage rate in Lewes is 6.67%, which is 0.02% above the national average. With a median home price of $240,000 and a 20% down payment of $48,000, homebuyers can expect a monthly principal and interest payment of approximately $1,235.
Current Mortgage Rates in Lewes, DE
Below are the current average mortgage rates available in the Lewes 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 | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Lewes Housing Market Overview
The Lewes housing market offers relatively affordable housing compared to many major cities. The median household income in Lewes is $66,400, and the cost of living index is 95.4 (national average = 100). Based on the 28% affordability rule, the median income in Lewes is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Lewes
Based on the median home price of $240,000 with 20% down ($48,000), here is what you can expect to pay monthly in Lewes:
15-Year vs. 30-Year Mortgage in Lewes
Choosing a 15-year mortgage in Lewes at 5.93% instead of a 30-year at 6.67% would save you $154,260 in total interest over the life of the loan. However, your monthly payment would be $1,613 instead of $1,235 — an increase of $378 per month.
Calculate Your Lewes 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 Lewes
What are the current mortgage rates in Lewes, DE?
As of March 2026, the average 30-year fixed mortgage rate in Lewes, Delaware is 6.67%, while the 15-year fixed rate is 5.93%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Lewes?
Based on the median home price of $240,000 with 20% down, the estimated monthly mortgage payment in Lewes is $1,235 for principal and interest. Including property taxes of $108/month, the total monthly housing cost is approximately $1,343.
What income do I need to buy a home in Lewes?
Using the 28% rule, you would need an annual income of approximately $57,557 to afford the median-priced home in Lewes at $240,000. The median household income in Lewes is $66,400. The median income is currently sufficient to meet this threshold.
Is Lewes a good place to buy a home in 2026?
Lewes offers a below-average cost of living with a cost of living index of 95.4 (national average = 100). The property tax rate in Delaware is 0.54%, which is below the national average. Lewes has a population of 3,266 and offers a balanced lifestyle.
Mortgage Rates in Other Delaware Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Lewes, Delaware area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.