Mortgage Rates in Woburn, Massachusetts — March 2026
Updated March 2026 | Based on Woburn market data and regional lending conditions
Woburn is a growing city in Massachusetts with a population of 40,228. The current 30-year fixed mortgage rate in Woburn is 6.62%, which is 0.03% below the national average. With a median home price of $507,000 and a 20% down payment of $101,400, homebuyers can expect a monthly principal and interest payment of approximately $2,596.
Current Mortgage Rates in Woburn, MA
Below are the current average mortgage rates available in the Woburn 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 | 6.62% | 6.65% | -0.03% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Woburn Housing Market Overview
The Woburn housing market is competitive with prices well above the national median. The median household income in Woburn is $80,900, and the cost of living index is 123.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $132,086 to comfortably afford the median-priced home in Woburn, which exceeds the current median household income.
Monthly Payment Breakdown for Woburn
Based on the median home price of $507,000 with 20% down ($101,400), here is what you can expect to pay monthly in Woburn:
15-Year vs. 30-Year Mortgage in Woburn
Choosing a 15-year mortgage in Woburn at 5.89% instead of a 30-year at 6.62% would save you $322,740 in total interest over the life of the loan. However, your monthly payment would be $3,399 instead of $2,596 — an increase of $803 per month.
Calculate Your Woburn 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 Woburn
What are the current mortgage rates in Woburn, MA?
As of March 2026, the average 30-year fixed mortgage rate in Woburn, Massachusetts is 6.62%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in Woburn?
Based on the median home price of $507,000 with 20% down, the estimated monthly mortgage payment in Woburn is $2,596 for principal and interest. Including property taxes of $486/month, the total monthly housing cost is approximately $3,082.
What income do I need to buy a home in Woburn?
Using the 28% rule, you would need an annual income of approximately $132,086 to afford the median-priced home in Woburn at $507,000. The median household income in Woburn is $80,900. This means most households would need to either earn above the median or consider homes below $507,000.
Is Woburn a good place to buy a home in 2026?
Woburn has a higher cost of living than average with a cost of living index of 123.8 (national average = 100). The property tax rate in Massachusetts is 1.15%, which is near the national average. Woburn has a population of 40,228 and offers a balanced lifestyle.
Mortgage Rates in Other Massachusetts Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Woburn, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.