"Defying the Weather: While typical weather disruptions usually dampen real estate activity, housing data remained mostly positive this week. Analysts suggest that buyers are looking past temporary environmental factors to capitalize on a more stable rate environment. Mortgage Rates Holding Near 6%: As of February 2, 2026, the national average for a 30-year fixed-rate mortgage is approximately 6.16%. This follows a January pause by the Federal Reserve, which kept the federal-funds rate at 3.5% to 3.75%,"
"providing a predictable baseline for lenders. 18% Surge in Applications: Purchase applications have jumped 18% year-over-year. This significant uptick indicates that many sidelined buyers have re-entered the market, likely encouraged by rates that are nearly 0.8% to 1.0% lower than they were during the same period in 2025. Market Sentiment: Leading analysts, note that demand strengthens significantly when rates approach the 6% threshold, a trend that appears to be holding firm for the first time in several years."
Housing demand remained resilient in early February 2026 despite a major snowstorm across large U.S. regions. Purchase applications rose 18% year-over-year, indicating sidelined buyers re-entering the market. The national average for a 30-year fixed mortgage was approximately 6.16% on February 2, 2026, after a Federal Reserve pause that left the federal-funds rate at 3.5%–3.75%. Current rates are roughly 0.8–1.0 percentage points lower than during the same period in 2025, encouraging activity. Demand tends to strengthen as rates approach 6%. Boston condo listings and updated market information are available on Ford Realty and Bostonreb.com.
Read at Boston Condos For Sale Ford Realty
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