---
title: Mortgage Interest Rates Reach Seven-Year High
description: Average U.S. mortgage interest rates reached levels not seen since April 2011 after mortgage rates increased for the fifth consecutive week for the week ending September 27, 2018.
image: https://info.buyersbrokersonly.com/hubfs/luxury%20ranch-style%20home.jpg
---

(978) 835-5906             [![Search Icon](https://info.buyersbrokersonly.com/hs-fs/hubfs/Search%20Icon.png?width=30&height=30&name=Search%20Icon.png)](https://info.buyersbrokersonly.com/search-results-page)

[![Buyers Brokers Only, LLC – Real Estate Buyer Agents](https://info.buyersbrokersonly.com/hs-fs/hubfs/2023%20BBO%20Logo%20800x170.png?width=1600&height=340&name=2023%20BBO%20Logo%20800x170.png "Buyers Brokers Only, LLC – Real Estate Buyer Agents")](https://www.buyersbrokersonly.com/)

# Massachusetts Home Buyer Guide

![smaller-dotted-line.png](https://cdn2.hubspot.net/hub/298849/file-263826832-jpg/true_gray_line_websites.jpg?width=1175&name=true_gray_line_websites.jpg "smaller-dotted-line.png")

## [Mortgage Interest Rates Reach Seven-Year High](https://info.buyersbrokersonly.com/blog/mortgage-interest-rates-reach-seven-year-high)

 Oct 3, 2018 3:36:54 PM

Average U.S. mortgage interest rates increased for the fifth consecutive week and reached the highest levels in more than seven years, according to Freddie Mac's weekly Primary Mortgage Market Survey for the week ending September 27, 2018.

![U.S. mortgage loan interest rates reach seven-year high](https://info.buyersbrokersonly.com/hs-fs/hubfs/luxury%20ranch-style%20home.jpg?width=450&name=luxury%20ranch-style%20home.jpg)The [30-year, fixed-rate mortgage loan](https://info.buyersbrokersonly.com/loan) averaged 4.72 percent, with an average 0.5 point, up from 4.65 percent the previous week. The last time interest rates were as high was the week ending April 28, 2011 (4.78 percent). The 30-year note averaged 3.83 percent during the same week last year.

“The robust economy, rising Treasury yields and the anticipation of more short-term rate hikes caused mortgage rates to move up,” Sam Khater, Freddie Mac’s chief economist, said. “Even with these higher borrowing costs, it’s encouraging to see [those] [prospective buyers](https://www.buyersbrokersonly.com/buying/first-time-home-buyer-programs) appear to be having a little more success."

“Consumer confidence is at an 18-year high, and job gains are holding steady," Khater added. "These two factors should keep demand up in coming months, but at the same time, [home shoppers](https://info.buyersbrokersonly.com/blog/4-things-homebuyers-should-not-do-during-the-loan-approval-process) will likely deal with even higher mortgage rates.”

The 15-year, fixed-rate mortgage loan averaged 4.16 percent, with an average 0.5 point, an increase from 4.11 percent the previous week and 3.13 percent during the same timeframe last year.

The five-year, adjustable-rate mortgage (ARM) averaged 3.97 percent, with an average 0.3 point, compared to 3.92 percent the previous week. A year ago, the five-year ARM averaged 3.20 percent.

# Additional Mortgage Resources for Massachusetts Homebuyers

• [What is an Interest Rate Lock?](https://info.buyersbrokersonly.com/blog/what-is-a-mortgage-interest-rate-lock)

• [What is Mortgage Insurance? ](https://www.buyersbrokersonly.com/buying/mortgage_insurance)

• [Pros and Cons of Using the Same Lawyer as Your Lender](https://www.buyersbrokersonly.com/buying/using-real-estate-closing-attorney)

• [What are Closing Costs When Buying a Home in Massachusetts?](https://info.buyersbrokersonly.com/blog/what-are-closing-costs-when-buying-a-home-in-massachusetts)

[![Download Now Free Massachusetts Home Buyer Guide](https://no-cache.hubspot.com/cta/default/213639/bbcf242e-5637-4078-babd-a9acc5dd4d48.png)](https://cta-redirect.hubspot.com/cta/redirect/213639/bbcf242e-5637-4078-babd-a9acc5dd4d48)

 Topics: [Mortgage Rates & News](https://info.buyersbrokersonly.com/blog/topic/mortgage-rates-news)

[![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmortgage-interest-rates-reach-seven-year-high%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmortgage-interest-rates-reach-seven-year-high%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmortgage-interest-rates-reach-seven-year-high%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmortgage-interest-rates-reach-seven-year-high%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=Mortgage%20Interest%20Rates%20Reach%20Seven-Year%20High) [![Share on Email](https://static.hubspot.com/final/img/common/icons/social/email-24x24.png)](mailto:?subject=Check%20out%20https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmortgage-interest-rates-reach-seven-year-high%3Futm_medium%3Dsocial%26utm_source%3Demail%20&body=Check%20out%20https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmortgage-interest-rates-reach-seven-year-high%3Futm_medium%3Dsocial%26utm_source%3Demail)

### [Blog Home](https://info.buyersbrokersonly.com/blog)

### Subscribe to this Blog

### Learn the Steps to Buying a Home in Massachusetts

### [![The Steps to Buying a Home](https://no-cache.hubspot.com/cta/default/213639/25735662-3637-4a46-8885-47ad1de2687d.png)](https://cta-redirect.hubspot.com/cta/redirect/213639/25735662-3637-4a46-8885-47ad1de2687d)

### Search Homes For Sale

[![Search the latest home listings. Sign up for property alerts. ](https://no-cache.hubspot.com/cta/default/213639/4dbb4a3b-98e1-4dc2-9535-a0b7593b45c5.png)](https://cta-redirect.hubspot.com/cta/redirect/213639/4dbb4a3b-98e1-4dc2-9535-a0b7593b45c5)

### Are You Ready to Learn Some Home-buying Tips? 

[![Schedule ](https://no-cache.hubspot.com/cta/default/213639/b9db055d-da2a-4719-ba31-1d5f31299e60.png)](https://cta-redirect.hubspot.com/cta/redirect/213639/b9db055d-da2a-4719-ba31-1d5f31299e60)

### Learn About Buyer Agents

### Favorite Topics

• [Community Information](https://info.buyersbrokersonly.com/blog/topic/community-information)

• [Home-buying Tips](https://info.buyersbrokersonly.com/blog/topic/home-buying-tips)

• [Massachusetts Relocation](https://info.buyersbrokersonly.com/blog/topic/massachusetts-relocation)

• [Mortgage Tips & News](https://info.buyersbrokersonly.com/blog/topic/mortgage-rates-news)

• [Real Estate Market](https://info.buyersbrokersonly.com/blog/topic/real-estate-market)

• [Video](https://info.buyersbrokersonly.com/blog/topic/video)

### Most Popular Posts

### **Home Buyer Resources**

[Massachusetts Home Buyer Guide](https://info.buyersbrokersonly.com/guide-to-the-home-buying-process-massachusetts)

[New Hampshire Home Buyer Guide](https://info.buyersbrokersonly.com/guide-to-the-home-buying-process-in-new-hampshire)

[Rhode Island Home Buyer Guide](https://www.buyersbrokersonly.com/buying/how-to-buy-a-home-in-rhode-island)

[Wants v. Needs Worksheet](https://info.buyersbrokersonly.com/wants-needs-worksheet)

[Home Buyer House Scoring Tool](https://info.buyersbrokersonly.com/homebuyer-house-scoring-tool)

[103 Home Buyer Terms Download](https://info.buyersbrokersonly.com/home-buying-terms-for-the-home-buyer)

[Greater Boston Home Buyer Blog](https://info.buyersbrokersonly.com/blog)

<https://www.youtube.com/@HomeBuyersOnly?sub_confirmation=1><https://www.linkedin.com/company/1103909><https://twitter.com/OnlyBuyers>

### **Company**

[Home ](https://www.buyersbrokersonly.com/)

[About](https://www.buyersbrokersonly.com/about)

[Terms of Service](https://www.buyersbrokersonly.com/services)

[Privacy Policy](https://www.buyersbrokersonly.com/privacy-policy)

[Disclaimer](https://www.buyersbrokersonly.com/disclaimer)

[Press Room](https://info.buyersbrokersonly.com/press-room)

[Careers](https://www.buyersbrokersonly.com/careers)

[Coverage Area](https://www.buyersbrokersonly.com/coverage)

[Site Map](https://www.buyersbrokersonly.com/site_map)

### **Contact Us**

[Schedule a Consultation](https://info.buyersbrokersonly.com/personal-home-buyer-consultation)

Call / Text (978) 835-5906

[info@buyersbrokersonly.com](mailto:info@buyersbrokersonly.com)

[Contact Form](https://www.buyersbrokersonly.com/contact)

[Our Agents](https://www.buyersbrokersonly.com/brokers)

[Reviews](https://www.buyersbrokersonly.com/testimonials)

[![Fair Housing Matters to Buyers Brokers Only, LLC](https://info.buyersbrokersonly.com/hs-fs/hubfs/equal-housing-opportunity-logo-1200w.png?width=100&height=107&name=equal-housing-opportunity-logo-1200w.png)](https://naeba.org/naeba-celebrates-fair-housing-month-promotes-homebuyer-protection/)

 

### **Popular Searches** 

[Acton, MA Homes](https://www.buyersbrokersonly.com/acton-ma-homes-for-sale)

[Andover, MA Homes](https://www.buyersbrokersonly.com/andover-ma-homes-for-sale)

[Arlington, MA Homes](https://www.buyersbrokersonly.com/arlington-ma-homes-for-sale)

[Belmont, MA Homes](https://www.buyersbrokersonly.com/belmont-ma-homes-for-sale)

[Burlington, MA Homes](https://www.buyersbrokersonly.com/burlington-ma-homes-for-sale)

[Haverhill, MA Homes](https://www.buyersbrokersonly.com/haverhill-ma-homes-for-sale)

[Lexington, MA Homes](https://www.buyersbrokersonly.com/lexington-ma-homes-for-sale)

[Lynnfield, MA Homes](https://www.buyersbrokersonly.com/lynnfield-ma-homes-for-sale)

[Melrose, MA Homes](https://www.buyersbrokersonly.com/melrose-ma-homes-for-sale)

[Needham, MA Homes](https://www.buyersbrokersonly.com/needham-ma-homes-for-sale)

[North Andover, MA Homes](https://www.buyersbrokersonly.com/north-andover-ma-homes-for-sale)

[Salem, NH Homes](https://www.buyersbrokersonly.com/salem-nh-homes-for-sale)

[Somerville, MA Homes](https://www.buyersbrokersonly.com/somerville-ma-homes-for-sale)

[Walpole, MA Homes](https://www.buyersbrokersonly.com/walpole-ma-homes-for-sale)

[Westwood, MA Homes](https://www.buyersbrokersonly.com/westwood-ma-homes-for-sale)

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Rich Rosa",
    "url" : "https://info.buyersbrokersonly.com/blog/author/rich-rosa"
  },
  "datePublished" : "2018-10-03T19:36:54.000Z",
  "headline" : "Mortgage Interest Rates Reach Seven-Year High",
  "image" : [ "https://info.buyersbrokersonly.com/hubfs/luxury%20ranch-style%20home.jpg" ],
  "mainEntityOfPage" : {
    "@id" : "https://info.buyersbrokersonly.com/blog/mortgage-interest-rates-reach-seven-year-high",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://info.buyersbrokersonly.com/hubfs/2023%20BBO%20Logo%20800x170.png"
    },
    "name" : "Buyers Brokers Only, LLC"
  }
}
```

```json
{
  "@context" : "https://schema.org",
  "@type" : "BreadcrumbList",
  "about" : [ {
    "@type" : "Thing",
    "name" : "Boston Real Estate"
  }, {
    "@type" : "Thing",
    "name" : "Home Buying Tips"
  } ],
  "description" : "Massachusetts Home Buyer Guide provides first-time homebuyers and those experienced in purchasing real estate with tips, advice, and news.",
  "image" : {
    "@type" : "ImageObject",
    "url" : "https://info.buyersbrokersonly.com/image.jpg"
  },
  "inLanguage" : "en-us",
  "isPartOf" : {
    "@type" : "WebSite",
    "name" : "Buyers Brokers Only",
    "url" : "https://info.buyersbrokersonly.com"
  },
  "itemListElement" : [ {
    "@type" : "ListItem",
    "item" : "https://info.buyersbrokersonly.com",
    "name" : "Home",
    "position" : 1
  }, {
    "@type" : "ListItem",
    "item" : "https://info.buyersbrokersonly.com/blog",
    "name" : "Blog",
    "position" : 2
  } ],
  "keywords" : [ "Massachusetts Home Buyer Guide", "time Homebuyer Tips", "Advice MA" ],
  "mainEntityOfPage" : "https://info.buyersbrokersonly.com/blog",
  "mentions" : [ {
    "@type" : "Thing",
    "name" : "Massachusetts Housing"
  }, {
    "@type" : "Thing",
    "name" : "Real Estate Market"
  } ],
  "url" : "https://info.buyersbrokersonly.com/blog"
}
```