Mortgage Rates in Rowlett, Texas — March 2026
Updated March 2026 | Based on Rowlett market data and regional lending conditions
Rowlett is a growing city in Texas with a population of 67,139. The current 30-year fixed mortgage rate in Rowlett is 6.6%, which is 0.05% below the national average. With a median home price of $273,000 and a 20% down payment of $54,600, homebuyers can expect a monthly principal and interest payment of approximately $1,395.
Current Mortgage Rates in Rowlett, TX
Below are the current average mortgage rates available in the Rowlett 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 | 5.87% | 5.89% | -0.02% |
| 5/1 ARM | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.85% | 6.85% | 0% |
Rowlett Housing Market Overview
The Rowlett housing market offers relatively affordable housing compared to many major cities. The median household income in Rowlett is $69,200, and the cost of living index is 88.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $77,914 to comfortably afford the median-priced home in Rowlett, which exceeds the current median household income.
Monthly Payment Breakdown for Rowlett
Based on the median home price of $273,000 with 20% down ($54,600), here is what you can expect to pay monthly in Rowlett:
15-Year vs. 30-Year Mortgage in Rowlett
Choosing a 15-year mortgage in Rowlett at 5.87% instead of a 30-year at 6.6% would save you $173,160 in total interest over the life of the loan. However, your monthly payment would be $1,828 instead of $1,395 — an increase of $433 per month.
Calculate Your Rowlett Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Rowlett
What are the current mortgage rates in Rowlett, TX?
As of March 2026, the average 30-year fixed mortgage rate in Rowlett, Texas is 6.6%, while the 15-year fixed rate is 5.87%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.05% below the national average of 6.65%.
How much is a monthly mortgage payment in Rowlett?
Based on the median home price of $273,000 with 20% down, the estimated monthly mortgage payment in Rowlett is $1,395 for principal and interest. Including property taxes of $423/month, the total monthly housing cost is approximately $1,818.
What income do I need to buy a home in Rowlett?
Using the 28% rule, you would need an annual income of approximately $77,914 to afford the median-priced home in Rowlett at $273,000. The median household income in Rowlett is $69,200. This means most households would need to either earn above the median or consider homes below $273,000.
Is Rowlett a good place to buy a home in 2026?
Rowlett offers a below-average cost of living with a cost of living index of 88.4 (national average = 100). The property tax rate in Texas is 1.86%, which is above the national average. Rowlett has a population of 67,139 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 Rowlett, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.