02/02/2026
Boston Area Real Estate Update: Mortgage Rates Made Simple
( February 1st 2026)
Current Mortgage Rates
• 30-year fixed: Around 6.1%
• 15-year fixed: Around 5.5%
Rates are steady right now and lower than a couple of years ago, but still much higher than the super-low rates from the early 2020s.
Boston Home Prices & Market Snapshot
• Average home value: About $760,000
• Prices are flat compared to last year (not rising or falling much)
• More homes are going under contract, pending sales are up roughly 9% from last year
The market is still expensive and competitive, but things are moving a little faster than before.
How Mortgage Rates Affect Buyers & Sellers
Higher rates mean bigger monthly payments, so it’s tougher for many people to afford that "dream" home right now. Some are moving towards other alternatives until it's achievable. Many are settling for townhomes to build quick equity or stretching their commutes for more affordable neighborhoods.
The good news: Stable rates around 6% are bringing more buyers back, and some sellers are listing earlier in the year.
What to Expect in 2026
• Mortgage rates will likely stay in the 6% range (no big drops expected)
• Home prices may rise slowly, maybe 3–4%
Bottom Line
If you’re selling, there’s more buyer interest than last year.
Have a quick chat with my team for the latest on your neighborhood. Things can change quickly!
