Mortgage Rates in Lynn, Massachusetts — March 2026
Updated March 2026 | Based on Lynn market data and regional lending conditions
Lynn is a growing city in Massachusetts with a population of 101,253. The current 30-year fixed mortgage rate in Lynn is 6.6%, which is 0.05% below the national average. With a median home price of $445,000 and a 20% down payment of $89,000, homebuyers can expect a monthly principal and interest payment of approximately $2,274.
Current Mortgage Rates in Lynn, MA
Below are the current average mortgage rates available in the Lynn 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% |
Lynn Housing Market Overview
The Lynn housing market reflects moderate demand with prices near the national average. The median household income in Lynn is $52,250, and the cost of living index is 112.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $116,529 to comfortably afford the median-priced home in Lynn, which exceeds the current median household income.
Monthly Payment Breakdown for Lynn
Based on the median home price of $445,000 with 20% down ($89,000), here is what you can expect to pay monthly in Lynn:
15-Year vs. 30-Year Mortgage in Lynn
Choosing a 15-year mortgage in Lynn at 5.84% instead of a 30-year at 6.6% would save you $283,500 in total interest over the life of the loan. However, your monthly payment would be $2,973 instead of $2,274 — an increase of $699 per month.
Calculate Your Lynn 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 Lynn
What are the current mortgage rates in Lynn, MA?
As of March 2026, the average 30-year fixed mortgage rate in Lynn, 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 Lynn?
Based on the median home price of $445,000 with 20% down, the estimated monthly mortgage payment in Lynn is $2,274 for principal and interest. Including property taxes of $445/month, the total monthly housing cost is approximately $2,719.
What income do I need to buy a home in Lynn?
Using the 28% rule, you would need an annual income of approximately $116,529 to afford the median-priced home in Lynn at $445,000. The median household income in Lynn is $52,250. This means most households would need to either earn above the median or consider homes below $445,000.
Is Lynn a good place to buy a home in 2026?
Lynn has a moderate cost of living with a cost of living index of 112.5 (national average = 100). The property tax rate in Massachusetts is 1.2%, which is near the national average. Lynn has a population of 101,253 and offers a balanced lifestyle.
Mortgage Rates in Other Massachusetts Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Lynn, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.