Mortgage Rates in Lowell, Massachusetts — March 2026
Updated March 2026 | Based on Lowell market data and regional lending conditions
Lowell is a growing city in Massachusetts with a population of 115,554. The current 30-year fixed mortgage rate in Lowell is 6.6%, which is 0.05% below the national average. With a median home price of $395,000 and a 20% down payment of $79,000, homebuyers can expect a monthly principal and interest payment of approximately $2,018.
Current Mortgage Rates in Lowell, MA
Below are the current average mortgage rates available in the Lowell 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% |
Lowell Housing Market Overview
The Lowell housing market reflects moderate demand with prices near the national average. The median household income in Lowell is $55,250, and the cost of living index is 108.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $103,414 to comfortably afford the median-priced home in Lowell, which exceeds the current median household income.
Monthly Payment Breakdown for Lowell
Based on the median home price of $395,000 with 20% down ($79,000), here is what you can expect to pay monthly in Lowell:
15-Year vs. 30-Year Mortgage in Lowell
Choosing a 15-year mortgage in Lowell at 5.84% instead of a 30-year at 6.6% would save you $251,460 in total interest over the life of the loan. However, your monthly payment would be $2,639 instead of $2,018 — an increase of $621 per month.
Calculate Your Lowell Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Lowell
What are the current mortgage rates in Lowell, MA?
As of March 2026, the average 30-year fixed mortgage rate in Lowell, 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 Lowell?
Based on the median home price of $395,000 with 20% down, the estimated monthly mortgage payment in Lowell is $2,018 for principal and interest. Including property taxes of $395/month, the total monthly housing cost is approximately $2,413.
What income do I need to buy a home in Lowell?
Using the 28% rule, you would need an annual income of approximately $103,414 to afford the median-priced home in Lowell at $395,000. The median household income in Lowell is $55,250. This means most households would need to either earn above the median or consider homes below $395,000.
Is Lowell a good place to buy a home in 2026?
Lowell has a moderate cost of living with a cost of living index of 108.5 (national average = 100). The property tax rate in Massachusetts is 1.2%, which is near the national average. Lowell has a population of 115,554 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 Lowell, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.