Two-Week Snapshot: Mortgage Rates in Massachusetts (Mid–Late September 2025)

Over the past two weeks, mortgage rates have shown a modest downward drift, mirroring broader U.S. trends following the Fed’s recent rate cut. While Massachusetts doesn’t publish a daily state-level rate index, regional data and national averages offer useful proxies. Taken together, Massachusetts rates are behaving much like national averages: a short plateau followed by slight relief, though still elevated by historical standards.

What This Means for Buyers & Sellers

• Affordability relief: Even small declines translate to meaningful monthly savings for new buyers or refinancers.
• Lock-in window: If rates continue easing, locking sooner can protect against volatility.
• Local variation matters: Lender margins, credit, property type, and program can create differences from published averages.

What to Expect Through the End of 2025

Looking ahead, the Fed’s policy path is the driver. The Fed signaled additional, gradual easing over the coming months; if realized—and if inflation keeps cooling—mortgage rates are likely to drift lower, not crash. A reasonable range by late 2025 is ~5.5%–6.2%, but risks remain: stickier inflation, growth surprises, or geopolitical shocks could slow or pause cuts, keeping rates flat or nudging them higher.