Are Boston Condo Mortgage Rates Dropping? Boston Condos For Sale Ford Realty

YES!

May 1, 2026: The average interest rate on a 30-year, fixed-rate mortgage dropped to 6.1%

March 30, 2026: Mortgage rates eased lower today. According to Zillow, the average 30-year fixed rate is now 6.36%, down 11 basis points. The 15-year loan is down nine basis points to 5.81%. Bond yields fell Monday, as stocks continued a month-long downturn.

Are Boston condo mortgage rates dropping?

As of August 12 this year, after a week of decreases, mortgage rates are remaining high today. According to Zillow, the 30-year fixed mortgage rate is up 13 basis points to 6.57%, while the 15-year rate decreased by just two basis points to 5.71%.

The Bureau of Labor Statistics released the July Consumer Price Index (CPI) this morning, reporting that inflation rose by 0.3% from June. With inflation running fairly hot, rates will probably stay stagnant or inch up. So, if you’re looking to buy a house, now could be as good a time as any to lock in a mortgage rate.

Freddie Mac reported that rates for 30-year fixed-rate mortgages were 6.63%. This means that, although they’ve dropped nine basis points since last week, they’re still up 16 basis points since last August. This time last year, mortgage rates were averaging 6.47%.

Considering rates are up and still not far below 7%, we get it if you feel like you can’t catch a break in the current economy.

In situations like these, it pays to look at the numbers. Here’s the Freddie Mac data on mortgage rates for the past 52 weeks as of August 7, 2025:

30-year fixed-rate mortgage: 6.08% to 7.04%
15-year fixed-rate mortgage: 5.15% to 6.27%

If you just go by the numbers, rates on both 30-year and 15-year fixed-rate mortgages remain mostly below the highs noted above. So, yes, mortgage rates have decreased incrementally over the past year. Will they keep dipping? That remains to be seen.

Peace be with you.

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