Mortgage Rates in Revere, Massachusetts — March 2026
Updated March 2026 | Based on Revere market data and regional lending conditions
Revere is a growing city in Massachusetts with a population of 62,186. The current 30-year fixed mortgage rate in Revere is 6.79%, which is 0.14% above the national average. With a median home price of $645,000 and a 20% down payment of $129,000, homebuyers can expect a monthly principal and interest payment of approximately $3,360.
Current Mortgage Rates in Revere, MA
Below are the current average mortgage rates available in the Revere 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 | 6.79% | 6.65% | +0.14% |
| 15-Year Fixed | 6.02% | 5.89% | +0.13% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.04% | 6.85% | +0.19% |
Revere Housing Market Overview
The Revere housing market is competitive with prices well above the national median. The median household income in Revere is $86,200, and the cost of living index is 127.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $170,014 to comfortably afford the median-priced home in Revere, which exceeds the current median household income.
Monthly Payment Breakdown for Revere
Based on the median home price of $645,000 with 20% down ($129,000), here is what you can expect to pay monthly in Revere:
15-Year vs. 30-Year Mortgage in Revere
Choosing a 15-year mortgage in Revere at 6.02% instead of a 30-year at 6.79% would save you $424,800 in total interest over the life of the loan. However, your monthly payment would be $4,360 instead of $3,360 — an increase of $1,000 per month.
Calculate Your Revere 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 Revere
What are the current mortgage rates in Revere, MA?
As of March 2026, the average 30-year fixed mortgage rate in Revere, Massachusetts is 6.79%, while the 15-year fixed rate is 6.02%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.14% above the national average of 6.65%.
How much is a monthly mortgage payment in Revere?
Based on the median home price of $645,000 with 20% down, the estimated monthly mortgage payment in Revere is $3,360 for principal and interest. Including property taxes of $607/month, the total monthly housing cost is approximately $3,967.
What income do I need to buy a home in Revere?
Using the 28% rule, you would need an annual income of approximately $170,014 to afford the median-priced home in Revere at $645,000. The median household income in Revere is $86,200. This means most households would need to either earn above the median or consider homes below $645,000.
Is Revere a good place to buy a home in 2026?
Revere has a higher cost of living than average with a cost of living index of 127.9 (national average = 100). The property tax rate in Massachusetts is 1.13%, which is near the national average. Revere has a population of 62,186 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 Revere, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.