Mortgage Rates in Rockwall, Texas — March 2026
Updated March 2026 | Based on Rockwall market data and regional lending conditions
Rockwall is a growing city in Texas with a population of 47,218. The current 30-year fixed mortgage rate in Rockwall is 6.74%, which is 0.09% above the national average. With a median home price of $249,000 and a 20% down payment of $49,800, homebuyers can expect a monthly principal and interest payment of approximately $1,291.
Current Mortgage Rates in Rockwall, TX
Below are the current average mortgage rates available in the Rockwall 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 | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Rockwall Housing Market Overview
The Rockwall housing market offers relatively affordable housing compared to many major cities. The median household income in Rockwall is $60,900, and the cost of living index is 87.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $70,457 to comfortably afford the median-priced home in Rockwall, which exceeds the current median household income.
Monthly Payment Breakdown for Rockwall
Based on the median home price of $249,000 with 20% down ($49,800), here is what you can expect to pay monthly in Rockwall:
15-Year vs. 30-Year Mortgage in Rockwall
Choosing a 15-year mortgage in Rockwall at 5.99% instead of a 30-year at 6.74% would save you $162,360 in total interest over the life of the loan. However, your monthly payment would be $1,680 instead of $1,291 — an increase of $389 per month.
Calculate Your Rockwall 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 Rockwall
What are the current mortgage rates in Rockwall, TX?
As of March 2026, the average 30-year fixed mortgage rate in Rockwall, Texas is 6.74%, while the 15-year fixed rate is 5.99%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Rockwall?
Based on the median home price of $249,000 with 20% down, the estimated monthly mortgage payment in Rockwall is $1,291 for principal and interest. Including property taxes of $353/month, the total monthly housing cost is approximately $1,644.
What income do I need to buy a home in Rockwall?
Using the 28% rule, you would need an annual income of approximately $70,457 to afford the median-priced home in Rockwall at $249,000. The median household income in Rockwall is $60,900. This means most households would need to either earn above the median or consider homes below $249,000.
Is Rockwall a good place to buy a home in 2026?
Rockwall offers a below-average cost of living with a cost of living index of 87.9 (national average = 100). The property tax rate in Texas is 1.7%, which is above the national average. Rockwall has a population of 47,218 and offers a very affordable lifestyle.
Mortgage Rates in Other Texas Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Rockwall, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.