Mortgage Rates in Waltham, Massachusetts — March 2026
Updated March 2026 | Based on Waltham market data and regional lending conditions
Waltham is a growing city in Massachusetts with a population of 63,490. The current 30-year fixed mortgage rate in Waltham is 6.64%, which is 0.01% below the national average. With a median home price of $548,000 and a 20% down payment of $109,600, homebuyers can expect a monthly principal and interest payment of approximately $2,811.
Current Mortgage Rates in Waltham, MA
Below are the current average mortgage rates available in the Waltham 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 | 6.64% | 6.65% | -0.01% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Waltham Housing Market Overview
The Waltham housing market is competitive with prices well above the national median. The median household income in Waltham is $86,500, and the cost of living index is 137 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $144,557 to comfortably afford the median-priced home in Waltham, which exceeds the current median household income.
Monthly Payment Breakdown for Waltham
Based on the median home price of $548,000 with 20% down ($109,600), here is what you can expect to pay monthly in Waltham:
15-Year vs. 30-Year Mortgage in Waltham
Choosing a 15-year mortgage in Waltham at 5.9% instead of a 30-year at 6.64% would save you $350,280 in total interest over the life of the loan. However, your monthly payment would be $3,676 instead of $2,811 — an increase of $865 per month.
Calculate Your Waltham 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 Waltham
What are the current mortgage rates in Waltham, MA?
As of March 2026, the average 30-year fixed mortgage rate in Waltham, Massachusetts is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Waltham?
Based on the median home price of $548,000 with 20% down, the estimated monthly mortgage payment in Waltham is $2,811 for principal and interest. Including property taxes of $562/month, the total monthly housing cost is approximately $3,373.
What income do I need to buy a home in Waltham?
Using the 28% rule, you would need an annual income of approximately $144,557 to afford the median-priced home in Waltham at $548,000. The median household income in Waltham is $86,500. This means most households would need to either earn above the median or consider homes below $548,000.
Is Waltham a good place to buy a home in 2026?
Waltham has a higher cost of living than average with a cost of living index of 137 (national average = 100). The property tax rate in Massachusetts is 1.23%, which is near the national average. Waltham has a population of 63,490 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 Waltham, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.