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News for: Boston 25 News
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Oct 15, 2026 11:11 AM — Mortgage Rates
Average long-term US mortgage rate holds at 7.4%, remaining at highest level in nearly 3 years
The average 30-year fixed mortgage rate held at 7.40%, its highest level in nearly three years, while the 15-year rate edged down to 6.71%. Rising oil prices, inflation concerns, and volatile Treasury yields have pushed borrowing costs higher, weighing on home sales and mortgage applications and leading more borrowers to consider adjustable-rate mortgages. Analysts expect rates to remain elevated,... more
Oct 9, 2026 12:00 PM — Mortgage Rates
Mortgage rates hit 18% in 1981. Here's how that compares with buying a home today
In fall 1981, 30-year fixed mortgage rates peaked at 18.63%, marking a record high in Freddie Mac's survey, which has been ongoing since 1971. As of October 1, 2026, the average rate is 7.28%, which seems lower in comparison. However, over the past 45 years, home prices have significantly increased compared to household incomes, raising the question of whether purchasing a home was more challengin... more
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