Mortgage Rates in New Bedford, Massachusetts — March 2026
Updated March 2026 | Based on New Bedford market data and regional lending conditions
New Bedford is a growing city in Massachusetts with a population of 101,079. The current 30-year fixed mortgage rate in New Bedford is 6.6%, which is 0.05% below the national average. With a median home price of $325,000 and a 20% down payment of $65,000, homebuyers can expect a monthly principal and interest payment of approximately $1,661.
Current Mortgage Rates in New Bedford, MA
Below are the current average mortgage rates available in the New Bedford 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% |
New Bedford Housing Market Overview
The New Bedford housing market reflects moderate demand with prices near the national average. The median household income in New Bedford is $42,250, and the cost of living index is 98.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $85,114 to comfortably afford the median-priced home in New Bedford, which exceeds the current median household income.
Monthly Payment Breakdown for New Bedford
Based on the median home price of $325,000 with 20% down ($65,000), here is what you can expect to pay monthly in New Bedford:
15-Year vs. 30-Year Mortgage in New Bedford
Choosing a 15-year mortgage in New Bedford at 5.84% instead of a 30-year at 6.6% would save you $207,000 in total interest over the life of the loan. However, your monthly payment would be $2,172 instead of $1,661 — an increase of $511 per month.
Calculate Your New Bedford 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 New Bedford
What are the current mortgage rates in New Bedford, MA?
As of March 2026, the average 30-year fixed mortgage rate in New Bedford, 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 New Bedford?
Based on the median home price of $325,000 with 20% down, the estimated monthly mortgage payment in New Bedford is $1,661 for principal and interest. Including property taxes of $325/month, the total monthly housing cost is approximately $1,986.
What income do I need to buy a home in New Bedford?
Using the 28% rule, you would need an annual income of approximately $85,114 to afford the median-priced home in New Bedford at $325,000. The median household income in New Bedford is $42,250. This means most households would need to either earn above the median or consider homes below $325,000.
Is New Bedford a good place to buy a home in 2026?
New Bedford offers a below-average cost of living with a cost of living index of 98.5 (national average = 100). The property tax rate in Massachusetts is 1.2%, which is near the national average. New Bedford has a population of 101,079 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 New Bedford, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.