Mortgage Rates in Grafton, Massachusetts — March 2026
Updated March 2026 | Based on Grafton market data and regional lending conditions
Grafton is a smaller Massachusetts community of 24,229 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.89% (0.24% above the national average). The median home price of $490,000 translates to roughly $3,089/month with 20% down — requiring an income of about $132,386, which exceeds the local median of $76,000.
Current Mortgage Rates in Grafton, MA
Below are the current average mortgage rates available in the Grafton 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 | 6.89% | 6.65% | +0.24% |
| 15-Year Fixed | 6.11% | 5.89% | +0.22% |
| 5/1 ARM | 6.34% | 6.15% | +0.19% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.14% | 6.85% | +0.29% |
Grafton Housing Market Overview
Housing in Grafton sits near the national average at $490,000. With a median household income of $76,000 and a cost of living index of 125.6, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Grafton
Based on the median home price of $490,000 with 20% down ($98,000), here is what you can expect to pay monthly in Grafton:
15-Year vs. 30-Year Mortgage in Grafton
Choosing a 15-year mortgage in Grafton at 6.11% instead of a 30-year at 6.89% would save you $328,860 in total interest over the life of the loan. However, your monthly payment would be $3,331 instead of $2,579 — an increase of $752 per month.
Calculate Your Grafton 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 Grafton
What are the current mortgage rates in Grafton, MA?
As of March 2026, the average 30-year fixed mortgage rate in Grafton, Massachusetts is 6.89%, while the 15-year fixed rate is 6.11%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.24% above the national average of 6.65%.
How much is a monthly mortgage payment in Grafton?
Based on the median home price of $490,000 with 20% down, the estimated monthly mortgage payment in Grafton is $2,579 for principal and interest. Including property taxes of $510/month, the total monthly housing cost is approximately $3,089.
What income do I need to buy a home in Grafton?
Using the 28% rule, you would need an annual income of approximately $132,386 to afford the median-priced home in Grafton at $490,000. The median household income in Grafton is $76,000. This means most households would need to either earn above the median or consider homes below $490,000.
Is Grafton a good place to buy a home in 2026?
Grafton has a higher cost of living than average with a cost of living index of 125.6 (national average = 100). The property tax rate in Massachusetts is 1.25%, which is near the national average. Grafton has a population of 24,229 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Grafton, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.