Mortgage Rates in Temple, Texas — March 2026
Updated March 2026 | Based on Temple market data and regional lending conditions
Temple is a growing city in Texas with a population of 82,073. The current 30-year fixed mortgage rate in Temple is 6.81%, which is 0.16% above the national average. With a median home price of $304,000 and a 20% down payment of $60,800, homebuyers can expect a monthly principal and interest payment of approximately $1,587.
Current Mortgage Rates in Temple, TX
Below are the current average mortgage rates available in the Temple 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 | 6.81% | 6.65% | +0.16% |
| 15-Year Fixed | 6.04% | 5.89% | +0.15% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.06% | 6.85% | +0.21% |
Temple Housing Market Overview
The Temple housing market reflects moderate demand with prices near the national average. The median household income in Temple is $64,700, and the cost of living index is 99.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $87,129 to comfortably afford the median-priced home in Temple, which exceeds the current median household income.
Monthly Payment Breakdown for Temple
Based on the median home price of $304,000 with 20% down ($60,800), here is what you can expect to pay monthly in Temple:
15-Year vs. 30-Year Mortgage in Temple
Choosing a 15-year mortgage in Temple at 6.04% instead of a 30-year at 6.81% would save you $200,880 in total interest over the life of the loan. However, your monthly payment would be $2,058 instead of $1,587 — an increase of $471 per month.
Calculate Your Temple 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 Temple
What are the current mortgage rates in Temple, TX?
As of March 2026, the average 30-year fixed mortgage rate in Temple, Texas is 6.81%, while the 15-year fixed rate is 6.04%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.16% above the national average of 6.65%.
How much is a monthly mortgage payment in Temple?
Based on the median home price of $304,000 with 20% down, the estimated monthly mortgage payment in Temple is $1,587 for principal and interest. Including property taxes of $446/month, the total monthly housing cost is approximately $2,033.
What income do I need to buy a home in Temple?
Using the 28% rule, you would need an annual income of approximately $87,129 to afford the median-priced home in Temple at $304,000. The median household income in Temple is $64,700. This means most households would need to either earn above the median or consider homes below $304,000.
Is Temple a good place to buy a home in 2026?
Temple offers a below-average cost of living with a cost of living index of 99.2 (national average = 100). The property tax rate in Texas is 1.76%, which is above the national average. Temple has a population of 82,073 and offers a balanced lifestyle.
Mortgage Rates in Other Texas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Temple, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.