Mortgage Rates in Half Moon Bay, California — March 2026
Updated March 2026 | Based on Half Moon Bay market data and regional lending conditions
Half Moon Bay is a growing city in California with a population of 12,534. The current 30-year fixed mortgage rate in Half Moon Bay is 6.67%, which is 0.02% above the national average. With a median home price of $724,000 and a 20% down payment of $144,800, homebuyers can expect a monthly principal and interest payment of approximately $3,726.
Current Mortgage Rates in Half Moon Bay, CA
Below are the current average mortgage rates available in the Half Moon Bay 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 | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Half Moon Bay Housing Market Overview
The Half Moon Bay housing market is competitive with prices well above the national median. The median household income in Half Moon Bay is $70,100, and the cost of living index is 140 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $179,871 to comfortably afford the median-priced home in Half Moon Bay, which exceeds the current median household income.
Monthly Payment Breakdown for Half Moon Bay
Based on the median home price of $724,000 with 20% down ($144,800), here is what you can expect to pay monthly in Half Moon Bay:
15-Year vs. 30-Year Mortgage in Half Moon Bay
Choosing a 15-year mortgage in Half Moon Bay at 5.93% instead of a 30-year at 6.67% would save you $465,480 in total interest over the life of the loan. However, your monthly payment would be $4,866 instead of $3,726 — an increase of $1,140 per month.
Calculate Your Half Moon Bay 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 Half Moon Bay
What are the current mortgage rates in Half Moon Bay, CA?
As of March 2026, the average 30-year fixed mortgage rate in Half Moon Bay, California is 6.67%, while the 15-year fixed rate is 5.93%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Half Moon Bay?
Based on the median home price of $724,000 with 20% down, the estimated monthly mortgage payment in Half Moon Bay is $3,726 for principal and interest. Including property taxes of $471/month, the total monthly housing cost is approximately $4,197.
What income do I need to buy a home in Half Moon Bay?
Using the 28% rule, you would need an annual income of approximately $179,871 to afford the median-priced home in Half Moon Bay at $724,000. The median household income in Half Moon Bay is $70,100. This means most households would need to either earn above the median or consider homes below $724,000.
Is Half Moon Bay a good place to buy a home in 2026?
Half Moon Bay has a higher cost of living than average with a cost of living index of 140 (national average = 100). The property tax rate in California is 0.78%, which is below the national average. Half Moon Bay has a population of 12,534 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Half Moon Bay, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.